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    Property profile & analytics

    5020 Castlewood Rd Richmond, VA 23234

    • Industrial properties
    • 18,000 SF
    • 8.27 lot acres
    OFF-MARKET
    Value Estimation
    $3,475,000
    Last Sale
    Nov 20, 2020
    $4,900,000
    Location Intelligence
    Property ID
    US87-0095000
    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

    • Industrial properties

    Property Details for 5020 Castlewood Rd

    Year built
    1900
    Lot size
    8.27 lot acres
    Property size
    18,000 SF
    Zone code
    I3 - HVY INDUSTRIAL DIST
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    786-69-06-17-500-000
    APU
    786690617500000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4537
    Latitude
    37.4545
    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
    $6,575
    $248,000
    $457,300
    $705,300
    -
    $248,000
    $457,300
    $705,300

    Comparable in this City

    • Value Estimation
      $345,000
      8,000 SF

      5014 Castlewood Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,000 SF
      5014 Castlewood Rd, North Chesterfield, VA 23234-3832
      View Details
    • Value Estimation by Request
      1,920 SF

      3034 Goolsby Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,920 SF
      3034 Goolsby Ave, Richmond, VA 23234
      View Details
    • Value Estimation
      $305,000
      1,200 SF

      3030 Goolsby Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,200 SF
      3030 Goolsby Ave, North Chesterfield, VA 23234-4442
      View Details
    • Value Estimation
      $2,775,000
      20,000 SF

      2400 Sta Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 20,000 SF
      2400 Sta Rd, North Chesterfield, VA 23234-5167
      View Details
    • Value Estimation
      $420,000
      5,192 SF

      4820 Rte 1st 1

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,192 SF
      4820 Rte 1st 1, North Chesterfield, VA 23234-3155
      View Details
    • Value Estimation
      $320,000
      12,929 SF

      2941 Spc Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12,929 SF
      2941 Spc Rd, North Chesterfield, VA 23234-3819
      View Details

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    Similar Nearby for Lease

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      View Details
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    5020 Castlewood Rd
    Richmond, VA 23234
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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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