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

    2405 Norcliff Rd Richmond, VA 23237

    • Industrial properties
    • 2,480 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US87-1023849
    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

    • Industrial properties

    Property Details for 2405 Norcliff Rd

    Year built
    1981
    Lot size
    0.45 lot acres
    Property size
    2,480 SF
    Zone code
    C5 - GEN BUSINESS DIST
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    794-67-26-32-600-000
    APU
    794672632600000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $225,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $250,000
      Mixed-Use
      $220,000
      Hospitality
      $235,000
      Educational
      $255,000
      Residential Income
      $235,000
      Energy
      $195,000
      Income-Based Land
      $235,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4268
    Latitude
    37.4036
    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
    2024
    $2,661
    $40,500
    $249,600
    $290,100
    -
    $40,500
    $249,600
    $290,100

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      7321 Whitepine Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,000 SF
      7321 Whitepine Rd, Richmond, VA 23237-2260
      View Details
    • Value Estimation by Request
      38,875 SF

      8030 Whitepine Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 38,875 SF
      8030 Whitepine Rd, North Chesterfield, VA 23237-2263
      View Details
    • Value Estimation by Request
      20,000 SF

      7830 Courthouse 3rd Ln

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 20,000 SF
      7830 Courthouse 3rd Ln, North Chesterfield, VA 23237-2298
      View Details
    • Value Estimation by Request
      3,600 SF

      6606 Rte 1st 1

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,600 SF
      6606 Rte 1st 1, North Chesterfield, VA 23237-1221
      View Details
    • Value Estimation
      $550,000
      19,100 SF

      7501 Iron Brg Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 19,100 SF
      7501 Iron Brg Rd, North Chesterfield, VA 23237-2253
      View Details
    • Value Estimation by Request
      2,228 SF

      8141 Virginia Pne Ct

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,228 SF
      8141 Virginia Pne Ct, North Chesterfield, VA 23237-2220
      View Details

    Similar Nearby for Sale

    • $1,330,000
      8,702 SF

      Route 1 Motel For Sale

      Motel with apartments on Route 1 and Perrymont Road.
      8924 Jefferson Davis Hwy, North Chesterfield, VA 23237
      View Details
    • $1,350,000
      4,400 SF

      Richmond Freestanding Office Building

      4,400 SF office on 0.95 acre lot for sale.
      1501 Willis Rd, North Chesterfield, VA 23237
      View Details
    • $525,000

      Commercial Land Near Interstate-95

      1.156 acre commercial land with C-5 zoning.
      8211 Jefferson Davis Hwy, Richmond, VA 23237
      View Details
    • $525,000
      1.15 Acres

      Prime Richmond Commercial Land

      1.15-acre C-5 zoned lot, $525,000
      8211 Jefferson Davis Hwy, Richmond, VA 23237
      View Details
    • $775,000

      Prime Commercial Land Opportunity

      2.5-acre commercial land parcel near Chesterfield County Airport.
      8011 Iron Bridge Rd, North Chesterfield, VA 23237
      View Details
    • $350,000

      Bellwood Church Building For Sale

      Church building for sale, being sold as-is.
      9100 Rte, Richmond, VA 23237
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      405,228 SF

      Richmond Distribution Warehouse Near I-95

      405,228 SF warehouse with immediate I-95 access.
      1410 Willis Rd, Richmond, VA 23237
      View Details
    • Contact for pricing
      9,200 SF

      Warehouse with Office and I-95 Access

      9,200 SF flex space with warehouse and office components.
      9020 Pams Ave, North Chesterfield, VA 23237
      View Details
    • Contact for pricing
      22,353 SF

      Industrial Space Available For Lease

      22,353 SF industrial space available for lease.
      9600 Express Ln, North Chesterfield, VA 23237
      View Details
    • Contact for pricing
      2,851 SF

      Office Space Near Route 288

      Office spaces available with convenient access to Route 288.
      7361-7419 Whitepine Rd, Richmond, VA 23237
      View Details
    • $1,195 /Mo

      Apartment for Rent

      Apartment available for rent.
      2701 Drewry's Blf Rd, Richmond, VA 23237
      View Details
    • Contact for pricing

      Land for Rent

      Land available for rent at 9911 Jefferson Davis Hwy.
      9911 Jefferson Davis Hwy, North Chesterfield, VA 23237
      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.
    2405 Norcliff Rd
    Richmond, VA 23237
    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.