Property profile

23500 Welcome Way Dr Ruther Glen, VA 22546

OFF-MARKET
Commercial real estate
Property ID
US87-3959128
62,704 SF 3.71 ac lot Built 1973
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1973
Total area 62,704 SF
Lot 3.71 ac (161,782 SF)
Zoning code B1
APN 82-14-B
UPID US87-3959128

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
  • Nightclub DJ & Entertainment
  • Hotel & Motel

Location

23500 Welcome Way Dr Ruther Glen, VA 22546-3362
Ruther Glen metro Census 30503 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.11M
Blend (final) Blend
$4.30M

Owner & transaction history

since 2024
Last sale
$4.0M
5 recorded transactions
2024
Price N/A
2023
$4.0M
2014
$882,000
2013
$1.8M
2005
$2.9M

Zoning & alternative use

B1 · Ruther Glen, VA

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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