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Property summary
This exceptional 11.43-acre industrial land parcel in Richmond, VA, offers a unique investment opportunity. Located on Rady Street and zoned M2, this property presents the potential for sale or lease of individual lots, or the development of build-to-suit structures. A key advantage is the potential for rail service, a rare asset in this market. Current ownership is actively preparing the site, including clearing, leveling, grading, road and utility installation, and collaborating with rail authorities to establish a rail spur. Marketing efforts are planned for the summer, aiming to secure tenants or sell completed lots/yards. Beyond industrial use, the site's zoning allows for potential up-zoning to accommodate dense residential development, making it particularly attractive for LIHTC projects. This pre-development phase offers a chance to secure a prime location within this exciting project. The property is situated in Richmond County, VA, with a zip code of 23222. Interested parties are encouraged to explore the various options available.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
MULTIPLE ZONING · Richmond, VAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MULTIPLE ZONING in Richmond, VA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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