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

    2901 Hermitage Rd Richmond, VA 23220-1010

    • Warehouses
    • 364,553 SF
    • 19.21 lot acres
    OFF-MARKET
    Value Estimation
    $14,795,000
    Last Sale
    Jun 10, 2022
    $16,000,000
    Location Intelligence
    Property ID
    US87-0763958
    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

    • Eye Productions INC / Film Production Company

    Property Details for 2901 Hermitage Rd

    Year built
    1958
    Construction
    TYPE NOT SPECIFIED
    Lot size
    19.21 lot acres
    Property size
    364,553 SF
    Zone code
    M-1 LIGHT INDUSTRIAL
    Property type
    Warehouses
    APN
    N-000-1305-001
    APU
    N0001305001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,010,000

    • CAP approach

      CAP return
      Estimation
      6%
      $16,145,000
      6.5%
      $16,135,000
      7%
      $16,220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,070,000
      Geo Method
      $16,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $18,475,000
      Retail
      $16,880,000
      Mixed-Use
      $19,150,000
      Hospitality
      $16,355,000
      Educational
      $18,320,000
      Residential Income
      $15,405,000
      Energy
      $19,645,000
      Income-Based Land
      $19,020,000
      Food Service
      $18,745,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.459
    Latitude
    37.5714
    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
    2020
    $20
    $7,127,000
    $17,758,000
    $24,885,000
    -
    $7,127,000
    $17,758,000
    $24,885,000

    Comparable in this City

    • Value Estimation by Request
      18,499 SF

      2400 Hermitage Rd

      WAREHOUSE, STORAGE • 18,499 SF
      2400 Hermitage Rd, Richmond, VA 23220-1310
      View Details
    • Value Estimation by Request
      13,844 SF

      2405 Ownby Ln

      WAREHOUSE, STORAGE • 13,844 SF
      2405 Ownby Ln, Richmond, VA 23220-1320
      View Details
    • Value Estimation by Request
      50,375 SF

      1505 Sherwood Ave

      WAREHOUSE, STORAGE • 50,375 SF
      1505 Sherwood Ave, Richmond, VA 23220-1006
      View Details
    • Value Estimation by Request
      658 SF

      2035 Botetourt St

      WAREHOUSE, STORAGE • 658 SF
      2035 Botetourt St, Richmond, VA 23220-1603
      View Details
    • Value Estimation by Request
      56,106 SF

      1505 High St

      WAREHOUSE, STORAGE • 56,106 SF
      1505 High St, Richmond, VA 23220
      View Details
    • Value Estimation
      $645,000
      2,984 SF

      1502 Brk Rd

      WAREHOUSE, STORAGE • 2,984 SF
      1502 Brk Rd, Richmond, VA 23220-2308
      View Details

    Similar Nearby for Sale

    • $2,300,000
      11,865 SF

      Office/Warehouse Buildings in Fan District

      11,865 SF office/warehouse buildings in Richmond's Fan District.
      12 S Lombardy St, Richmond, VA 23220
      View Details
    • $7,200,000
      31,300 SF

      Diamond District Warehouse - Richmond, VA

      31,300 SF Warehouse, Prime Location
      1603 Ownby Ln, Richmond, VA 23220
      View Details
    • $1,200,000
      12,330 SF

      Jackson Ward Warehouse Redevelopment Opportunity

      Redevelopment opportunity in Jackson Ward with historic rehab credits.
      420 Brook Rd, Richmond, VA 23220
      View Details
    • $650,000
      0.31 Acres

      Richmond Industrial Cold-Storage Facility For Sale

      6,410 SF industrial/cold-storage facility in Richmond's Chamberlayne Industrial Center.
      1505 Brook Rd, Richmond, VA 23220
      View Details
    • $6,695,000
      31,300 SF

      Richmond Warehouse with Development Potential

      Warehouse with multi-family, office, retail, and distribution development potential.
      1603 Ownby Ln, Richmond, VA 23220
      View Details
    • $895,000
      4,500 SF

      Adaptable Commercial Space For Sale

      4,500 SF adaptable space in Richmond's Central Business District.
      306 Gilmer St, Richmond, VA 23220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,442 SF

      Richmond Warehouse with Fenced Yard

      32,442 SF warehouse with fenced yard in Richmond, VA.
      1209 Admiral St, Richmond, VA 23220
      View Details
    • $12 SF/Yr
      4,050 SF

      Industrial Space Available For Rent

      4,050 SF industrial space available for lease.
      4905 W Marshall St, Richmond, VA 23220
      View Details
    • Contact for pricing
      3,053 SF

      Richmond Office Space For Rent

      Office space near Scott's Addition and Whole Foods.
      2201 W Broad St, Richmond, VA 23220
      View Details
    • Contact for pricing
      19,805 SF

      Class A Office Space

      Class A office space available for rent in Richmond, VA.
      901 E Cary St, Richmond, VA 23220
      View Details
    • Contact for pricing
      3,292 SF

      Retail Space in Historic Setting

      Renovated retail space with off-street parking in Richmond, VA.
      3120-3158 W Cary St, Richmond, VA 23220
      View Details
    • Contact for pricing
      1,850 SF

      Historic Ironfronts Building Office Suites

      Small office suites for lease in historic Ironfronts building.
      1007-1013 E Main St, Richmond, VA 23220
      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.
    2901 Hermitage Rd
    Richmond, VA 23220-1010
    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.