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Property profile & analytics
OFF-MARKET
Warehouses

3309 Leigh St Richmond, VA 23230-4411

5,000 SF 0.26 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US87-0708846
Property summary
AI-generated overview

This exceptional 5,000-square-foot mixed-use property in Richmond, Virginia's vibrant Scott's Addition neighborhood presents a compelling investment opportunity. Located at 3309 W Leigh St, zip code 23230, this single-story building, constructed in 1950 and renovated in 1990, sits on an 11,255-square-foot lot and is zoned M-1. The property boasts a versatile layout, including a substantial 3,000-square-foot warehouse space complemented by 2,000 square feet of office area. Office features include a full kitchen, reception area, two bathrooms, and seven smaller individual offices. The building also includes a covered loading dock, two loading/garage-style bays, and on-site parking, with additional parking available adjacent to the loading dock. Currently leased under a NNN (Net, Net, Net) agreement with a single tenant until January 31, 2026, offering a remaining lease term of approximately 1.2 years. The asking price is $1,675,000, translating to $335 per square foot. This prime location offers high foot traffic and proximity to popular establishments, making it ideal for a variety of commercial uses. The property's blend of warehouse and office space, coupled with its desirable location, makes it a strong contender for investors seeking a stable income stream and significant potential for future growth.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 5,000 SF
Lot 0.26 ac (11,255 SF)
Zoning code M-1 LIGHT INDUSTRIAL
APN N-000-1785-002
UPID US87-0708846
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
Current use
Occupant on record · Public records
  • Ocean Drywall Inc. Construction Company
  • Speedy Car Shipping Car Dealership Shipping Company
  • Innovative Plumbing Contractors Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Parker & Carter Holdings LLC · 1 yrs held
Parker & Carter Holdings LLC
since 2024
Last sale
$1.5M
5 recorded transactions
2024
$1.5M
2021
$1.2M
2021
Price N/A
2015
$400,000
1998
$100,000
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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