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    Property profile & analytics

    331 Hill Carter Pkwy Ashland, VA 23005

    • Commercial real estate
    • 4.00 lot acres
    For Lease
    View listing
    Value Estimation
    $385,000
    Last Sale
    Mar 16, 2023
    $400,000
    Location Intelligence
    Property ID
    US87-1486949
    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

    • Commercial real estate

    Property Details for 331 Hill Carter Pkwy

    Lot size
    4.00 lot acres
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    7789-26-1753
    APU
    7789261753

    Description

    This exceptional 4-acre industrial property, located at 331 S Hill Carter Pkwy in Ashland, Virginia (zip code 23005), presents a unique opportunity for businesses seeking a manufacturing or industrial space. The site is zoned M-1 and offers the flexibility of a build-to-suit option or the purchase of the existing land. The property encompasses a total of 40,000 square feet of vacant land, ready for immediate development. With an 18-foot ceiling height, the potential building offers ample vertical space for various industrial applications. The single-tenant configuration provides privacy and control. Located in Hanover County, this site benefits from convenient access to major transportation routes, making it an ideal location for distribution and logistics operations. The property's size and zoning make it suitable for a wide range of industrial uses, from light manufacturing to warehousing. This is a rare opportunity to acquire a substantial industrial site in a desirable location, offering significant potential for growth and expansion. Serious inquiries are encouraged to explore the possibilities of this exceptional property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $365,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $305,000
      Mixed-Use
      $365,000
      Hospitality
      $340,000
      Educational
      $355,000
      Residential Income
      $300,000
      Energy
      $385,000
      Income-Based Land
      $350,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.4652
    Latitude
    37.7456
    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
    $3,337
    $412,000
    $0.00
    $412,000
    -
    $412,000
    $0.00
    $412,000

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    Ashland, VA 23005
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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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