Property profile

2150 Westmoreland St Richmond, VA 23230

OFF-MARKET
Industrial properties
Property ID
US87-0084172
6,920 SF 0.4 ac lot Built 1952
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1952
Total area 6,920 SF
Lot 0.4 ac (17,380 SF)
Zoning code M-1
APN 776-738-5125
UPID US87-0084172

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
  • Construction Company General Contractor
  • (Bike/Boat/Book/etc) Store Garden Center
  • Architect

Location

2150 Westmoreland St Richmond, VA 23230-3230
Richmond metro Census 200502 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$510k
Blend (final) Blend
$570k

Owner & transaction history

since 2023
Last sale
$725,000
3 recorded transactions
2023
$725,000
2006
$450,000
1969
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
Top alternative use upside
Warehouse, storage $1.0M +46.3%
Retail stores $995,000 +41.7%

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
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