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    Property profile & analytics

    218 Erich Rd Richmond, VA 23225

    • Parking lots & garages
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 14, 2020
    Location Intelligence
    Property ID
    US87-0817459
    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

    • Parking lots & garages

    Property Details for 218 Erich Rd

    Year built
    2017
    Lot size
    5.00 lot acres
    Zone code
    B-3 GENERAL BUSINESS
    Property type
    Parking lots & garages
    APN
    C-005-0895-001
    APU
    C0050895001

    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
    -77.5014
    Latitude
    37.5081
    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
    $426,000
    $173,000
    $599,000
    -
    $426,000
    $173,000
    $599,000

    Comparable in this City

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    • Value Estimation by Request
      0.41 Acres

      25 Oak Gln St

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      5411 Distributor Dr

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      1,176 SF

      106 Carnation St

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      3,068 SF

      6823 Midlothian Tpke

      PARKING LOT • 3,068 SF
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      View Details
    • Value Estimation by Request
      1.24 Acres

      6784 Frst Hl Aver

      PARKING LOT • 1.24 Acres
      6784 Frst Hl Aver, Richmond, VA 23225-1848
      View Details

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    218 Erich Rd
    Richmond, VA 23225
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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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