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    2508 Mechanicsville Tpke Richmond, VA 23223-2330

    • Warehouses
    • 26,180 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimation
    $2,380,000
    Last Sale
    Dec 01, 2023
    $2,790,000
    Location Intelligence
    Property ID
    US87-1280810
    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

    • Chewning & Wilmer Inc / Electrician / Electrical Engineer

    Property Details for 2508 Mechanicsville Tpke

    Year built
    1984
    Lot size
    1.85 lot acres
    Property size
    26,180 SF
    Zone code
    M-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    799-729-5671
    APU
    7997295671

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,195,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,715,000
      6.5%
      $3,085,000
      7%
      $3,060,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,985,000
      Geo Method
      $2,325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,005,000
      Retail
      $2,485,000
      Mixed-Use
      $3,040,000
      Hospitality
      $2,935,000
      Educational
      $3,450,000
      Residential Income
      $3,060,000
      Energy
      $3,285,000
      Income-Based Land
      $2,530,000
      Food Service
      $2,905,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4076
    Latitude
    37.5611
    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
    $21,213
    $286,000
    $2,073,100
    $2,359,100
    -
    $286,000
    $2,073,100
    $2,359,100

    Comparable in this City

    • Value Estimation by Request
      30,773 SF

      361 Dabbs House Rd

      MINI-WAREHOUSE, STORAGE • 30,773 SF
      361 Dabbs House Rd, Richmond, VA 23223-4820
      View Details
    • Value Estimation by Request
      143,332 SF

      4891 9th Mile Rd

      MINI-WAREHOUSE, STORAGE • 143,332 SF
      4891 9th Mile Rd, Richmond, VA 23223-5741
      View Details
    • Value Estimation by Request
      81,317 SF

      4200 Oakleys Ln

      MINI-WAREHOUSE, STORAGE • 81,317 SF
      4200 Oakleys Ln, Richmond, VA 23223-5938
      View Details
    • Value Estimation
      $5,055,000
      92,239 SF

      1720 Cary St

      MINI-WAREHOUSE, STORAGE • 92,239 SF
      1720 Cary St, Richmond, VA 23223-6936
      View Details
    • Value Estimation by Request
      26,100 SF

      2505 Gln Ctr St

      MINI-WAREHOUSE, STORAGE • 26,100 SF
      2505 Gln Ctr St, Richmond, VA 23223-2341
      View Details
    • Value Estimation by Request
      57,608 SF

      950 Masonic Ln

      MINI-WAREHOUSE, STORAGE • 57,608 SF
      950 Masonic Ln, Richmond, VA 23223-5545
      View Details

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    Similar Nearby for Lease

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      4,205 SF

      Richmond Warehouse Space Available

      4,205 square foot warehouse space for rent in Richmond.
      3435 W Leigh St, Richmond, VA 23223
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    • $10 SF/Yr
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      Mechanicsville Tpke Flex/Industrial Space

      Flex and industrial space available for lease on Mechanicsville Tpke.
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    • $17 SF/Yr
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      Richmond Office Suites: Prime Location

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    • $16 SF/Yr
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      Retail Space at Signalized Intersection

      Retail space available at high-traffic intersection near Henrico Plaza.
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    • Contact for pricing
      2,649 SF

      Retail Space Near New Development

      Retail space adjacent to Springdale Park redevelopment in Richmond, VA.
      3800 Mechanicsville Tpke, Richmond, VA 23223
      View Details
    • $25 SF/Yr
      113,920 SF

      Oak Hill Plaza Retail Space

      Richmond retail space, multiple units available.
      3101 Mechanicsville Tpke, Richmond, VA 23223
      View Details
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    Richmond, VA 23223-2330
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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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