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    Property profile & analytics

    2107 Commerce Rd Richmond, VA 23234-1801

    • Industrial properties
    • 6,743 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 19, 2022
    Location Intelligence
    Property ID
    US87-0865218
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 2107 Commerce Rd

    Year built
    1977
    Lot size
    1.24 lot acres
    Property size
    6,743 SF
    Zone code
    M-1 LIGHT INDUSTRIAL
    Property type
    Industrial properties
    APN
    S-008-0276-009
    APU
    S0080276009

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4343
    Latitude
    37.4927
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $20
    $63,000
    $63,000
    $126,000
    -
    $63,000
    $63,000
    $126,000

    Comparable in this City

    • Value Estimation by Request
      86,564 SF

      5001 Commerce Rd

      HEAVY INDUSTRIAL • 86,564 SF
      5001 Commerce Rd, Richmond, VA 23234-2288
      View Details
    • Value Estimation
      $345,000
      8,000 SF

      5014 Castlewood Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,000 SF
      5014 Castlewood Rd, North Chesterfield, VA 23234-3832
      View Details
    • Value Estimation
      $320,000
      10.00 Acres

      2931 Cardwell Rd

      INDUSTRIAL (GENERAL) • 10.00 Acres
      2931 Cardwell Rd, North Chesterfield, VA 23234-3873
      View Details
    • Value Estimation by Request
      32,550 SF

      2954 Bells Rd

      INDUSTRIAL (GENERAL) • 32,550 SF
      2954 Bells Rd, Richmond, VA 23234-1606
      View Details
    • Value Estimation
      $285,000
      13.63 Acres

      5803 Rte 1st 1

      INDUSTRIAL (GENERAL) • 13.63 Acres
      5803 Rte 1st 1, North Chesterfield, VA 23234-2247
      View Details
    • Value Estimation
      $210,000
      7,500 SF

      3015 Falling Crk Ave

      INDUSTRIAL (GENERAL) • 7,500 SF
      3015 Falling Crk Ave, North Chesterfield, VA 23234-3924
      View Details

    Similar Nearby for Sale

    • $5,100,000
      42,628 SF

      Richmond Industrial Investment

      High-cash-flow industrial property.
      3405 Commerce Rd, Richmond, VA 23234
      View Details
    • $2,900,000
      27,614 SF

      Office/Warehouse Space For Sale

      27,614 SF office/warehouse on 2.75 acres, fully leased.
      2924 Bells Rd, Richmond, VA 23234
      View Details
    • $650,000
      2.35 Acres

      Richmond Retail Land Opportunity

      2.347 acres, prime retail location, $650,000
      2600 Dundas Rd, Richmond, VA 23234
      View Details
    • Contact for pricing

      Land on Cogbill Road

      Commercial land with frontage on Iron Bridge and Cogbill Roads.
      5326-5400 Cogbill Rd, North Chesterfield, VA 23234
      View Details
    • Contact for pricing

      4.5 Acre Commercial Outparcel

      4.5 acre commercial land with high visibility and access.
      6767 Iron Bridge Rd, Richmond, VA 23234
      View Details
    • $45,000
      0.20 Acres

      Richmond, VA Building Lot

      Building lot priced below assessment in Richmond, Virginia.
      3106 Hopkins Rd, Richmond, VA 23234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,666 SF

      Richmond Flex Space with I-95 Frontage

      26,666 SF flex space with I-95 visibility.
      5200 Commerce Rd, Richmond, VA 23234
      View Details
    • $8 SF/Yr
      15,150 SF

      Richmond Flex Space For Lease

      12,000 SF Flex Space Available
      2930-2954 Bells Rd, Richmond, VA 23234
      View Details
    • $7 SF/Yr
      40,000 SF

      Richmond Warehouse Space for Lease

      40,000 SF warehouse space available for lease in Richmond.
      3310 Deepwater Terminal Rd, Richmond, VA 23234
      View Details
    • Contact for pricing
      56,160 SF

      Richmond Industrial Space with IOS

      Industrial space with outdoor storage and rail access in Richmond.
      2320 Deepwater Terminal Rd, Richmond, VA 23234
      View Details
    • Contact for pricing

      Richmond Commercial Land Opportunity

      2.14 Acres, Zoned for Corporate Office
      4812 Ridgedale Pkwy, Richmond, VA 23234
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space For Lease

      1,600 SF retail space with national co-tenants.
      3950-4126 Meadowdale Blvd, Richmond, VA 23234
      View Details
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    2107 Commerce Rd
    Richmond, VA 23234-1801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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