Property profile

351 Belt Blvd Richmond, VA 23224

OFF-MARKET
Warehouses
Property ID
US87-1272731
50,550 SF 0.52 ac lot Built 1988
Entity Owned 28-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 50,550 SF
Lot 0.52 ac (22,500 SF)
Zoning code MULTIPLE ZONING
APN C-006-0154-026
UPID US87-1272731

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Storage Facility

Location

351 Belt Blvd Richmond, VA 23224-1701
Richmond metro Census 70602 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.46M
Blend (final) Blend
$4.01M

Owner & transaction history

since 1998
1 recorded transaction
1998
$1.5M

Zoning & alternative use

MULTIPLE ZONING · Richmond, VA
Top alternative use upside
Commercial (general) $5.4M +61.9%
Industrial (general) $5.2M +55.3%
Auto repair, garage $5.0M +49.0%

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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