Property profile

2678 New Market Rd Richmond, VA 23231

FOR SALE
Commercial land
Property ID
US87-0952301
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Property summary

AI-generated overview

4 Parcels Totalling ± 4.71 Acres with 1,395 SF Building For Sale. Designated as future Commercial in 2026 Henrico Comprehensive Plan. With water and sewer on site. High visibility with 562 feet of direct frontage on New Market Road. Asking price $1,500,000 Location Description High visibility with 562 feet of direct frontage on New Market Road. Easy access from I-895 and I-295. Close proximity to numerous residential subdivisions (existing & proposed), Richmond International Airport and Downtown Richmond.

Property profile

Verified
Property type Commercial land
UPID US87-0952301

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2678 New Market Rd Richmond, VA 23231
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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