Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2220 Waterside Dr Lanexa, VA 23089-5820

    • Commercial real estate
    • 864 SF
    • 4.91 lot acres
    OFF-MARKET
    Value Estimation
    $605,000
    Last Sale
    Feb 27, 2020
    $560,000
    Location Intelligence
    Property ID
    US87-1458396
    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

    • Holtzman Propane Fireplace Store & Propane Refill Station / Propane Supplier / Fireplace Store

    Property Details for 2220 Waterside Dr

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.91 lot acres
    Property size
    864 SF
    Zone code
    EO
    Property type
    Commercial real estate
    APN
    45 37B
    APU
    4537B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $610,000

    • CAP approach

      CAP return
      Estimation
      6%
      $650,000
      6.5%
      $615,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $575,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $690,000
      Retail
      $640,000
      Mixed-Use
      $585,000
      Hospitality
      $630,000
      Educational
      $615,000
      Residential Income
      $640,000
      Energy
      $545,000
      Income-Based Land
      $665,000
      Food Service
      $635,000

    Location Insight

    • Map
    • Local Demand
    City
    Lanexa
    County
    New Kent
    State
    Virginia
    Longitude
    -76.9142
    Latitude
    37.4218
    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
    2023
    $4,080
    $375,300
    $233,600
    $608,900
    -
    $375,300
    $233,600
    $608,900

    Comparable in this City

    • Value Estimation by Request
      15.49 Acres

      00 Waterside Dr

      Land • 15.49 Acres
      00 Waterside Dr, Lanexa, VA 23089
      View Details
    • Value Estimation
      $445,000
      1,709 SF

      2901 Diascund Reservoir Rd

      COMMERCIAL (GENERAL) • 1,709 SF
      2901 Diascund Reservoir Rd, Lanexa, VA 23089-5512
      View Details
    • Value Estimation
      $395,000
      2,302 SF

      14910 Marina Rd

      COMMERCIAL (GENERAL) • 2,302 SF
      14910 Marina Rd, Lanexa, VA 23089-6110
      View Details
    • Value Estimation
      $290,000
      708 SF

      15301 Rockahock Rd

      COMMERCIAL (GENERAL) • 708 SF
      15301 Rockahock Rd, Lanexa, VA 23089-5734
      View Details
    • Value Estimation by Request
      0.50 Acres

      Wedgewood Dr

      COMMERCIAL (GENERAL) • 0.50 Acres
      Wedgewood Dr, Lanexa, VA 23089
      View Details
    • Value Estimation by Request
      4,484 SF

      1428 Outpost Rd

      COMMERCIAL (GENERAL) • 4,484 SF
      1428 Outpost Rd, Lanexa, VA 23089-5920
      View Details

    Similar Nearby for Sale

    • $200,000
      15.49 Acres

      15-Acre Residential Lot in Lanexa, VA

      Wooded Estate Lot near Richmond & Williamsburg
      00 Waterside Dr, Lanexa, VA 23089
      View Details
    • $2,400,000
      16,162 SF

      8285 Diascund Rd, Lanexa, VA 23089

      Commercial real estate • 16,162 SF
      8285 Diascund Rd, Lanexa, VA 23089
      View Details
    • $500,000

      Highway Retail and Hotel Location

      Up to 15 acres of commercial land for sale.
      Eltham Rd, Lanexa, VA 23089
      View Details
    • Contact for pricing

      Lanexa Land For Sale

      Approximately 106 acres of land with direct I-64 access.
      Polish Town Rd, Lanexa, VA 23089
      View Details
    • $139,900

      Land for Sale

      Land available for sale.
      1601 Railway Ln, Lanexa, VA 23089
      View Details
    • $125,000
      4.20 Acres

      Lanexa Land with Demolishable Dwelling

      Level, wooded 4.2-acre site in Lanexa, Virginia.
      9463 Richmond Rd, Lanexa, VA 23089
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2220 Waterside Dr
    Lanexa, VA 23089-5820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.