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Property profile & analytics
OFF-MARKET Estimated value $785,000
Manufacturing properties

2500 Austin Ave Richmond, VA 23223-2333

13,100 SF 9.09 ac lot Built 1955
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US87-1207829
Property profile
Verified
Property type Manufacturing properties
Use group HEAVY MANUFACTURING
Year built 1955
Total area 13,100 SF
Lot 9.09 ac (395,743 SF)
Zoning code M-2
APN 798-729-6244
UPID US87-1207829
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$785k
Owner & transaction history
Lincoln Heights LLC · 9 yrs held
Lincoln Heights LLC
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
M-2 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Screening regulations in the M-2 Heavy Industrial District shall be as follows: (1) Where a side lot line abuts property in an R district, there shall be a continuous evergreen vegetative screen or opaque structural fence or wall not less than six feet in height erected along such lot line, but not within 15 feet of any street line. Evergreen vegetative mate…

Zone name Heavy Industrial District
General category INDUSTRIAL
Zone area 3,250.70 ac
Source code of ordinances
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