Technical
Financial
Distress signals
Property profile

216 Belt Blvd Richmond, VA 23224

OFF-MARKET
Auto shops
Property ID
US87-1290122
7,645 SF 0.49 ac lot Built 1900
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1900
Construction TYPE NOT SPECIFIED
Total area 7,645 SF
Lot 0.49 ac (21,519 SF)
Zoning code B-3 GENERAL BUSINESS
APN C-006-0254-030
UPID US87-1290122

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
  • Auto Repair Shop Vehicle Inspection Center
  • Consultant
  • Auto Repair Shop

Location

216 Belt Blvd Richmond, VA 23224-1206
Richmond metro Census 70602 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
$598k
Blend (final) Blend
$555k

Owner & transaction history

since 2016
4 recorded transactions
2022
Price N/A
2016
$410,000
2016
$346,443
2006
$515,000

Zoning & alternative use

B-3 GENERAL BUSINESS · Richmond, VA
Top alternative use upside
Commercial (general) $820,000 +8.7%
Industrial (general) $790,000 +4.2%

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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