Property profile

2040 Westmoreland St Richmond, VA 23230

OFF-MARKET
Warehouses
Property ID
US87-0663289
21,400 SF 1.02 ac lot Built 1955
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1955
Total area 21,400 SF
Lot 1.02 ac (44,431 SF)
Zoning code M-1
APN 776-737-7164
UPID US87-0663289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hat Shop
  • Department Store

Location

2040 Westmoreland St Richmond, VA 23230-3245
Richmond metro Census 200502 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$700k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2014
Price N/A

Zoning & alternative use

M-1 · Richmond, VA
Zoning description

Screening regulations in the M-1 Light Industrial District shall be as follows: (1) Where a side lot line abuts a property in an R district, there shall be a continuous evergreen vegetative screen or opaque structural fe…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2040 Westmoreland St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message