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    Property profile & analytics

    506 Ohio St Richmond, VA 23231-3219

    • Industrial land
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 20, 2023
    Location Intelligence
    Property ID
    US87-1280043
    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 land

    Property Details for 506 Ohio St

    Lot size
    0.06 lot acres
    Zone code
    M-2
    Property type
    Industrial land
    APN
    798-713-9756
    APU
    7987139756

    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
    Henrico
    State
    Virginia
    Longitude
    -77.4102
    Latitude
    37.5169
    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
    $11
    $1,300
    $0.00
    $1,300
    -
    $1,300
    $0.00
    $1,300

    Comparable in this City

    • Value Estimation by Request
      41.86 Acres

      6511 Miller Rd

      INDUSTRIAL - VACANT LAND • 41.86 Acres
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    • Value Estimation by Request
      0.15 Acres

      6170 Miller Rd

      INDUSTRIAL - VACANT LAND • 0.15 Acres
      6170 Miller Rd, Henrico, VA 23231-6057
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    • Value Estimation by Request

      Miller Rd

      INDUSTRIAL - VACANT LAND
      Miller Rd, Henrico, VA 23231
      View Details
    • Value Estimation by Request
      0.46 Acres

      Old Osborne Tpke

      INDUSTRIAL - VACANT LAND • 0.46 Acres
      Old Osborne Tpke, Henrico, VA 23231
      View Details
    • Value Estimation by Request
      0.18 Acres

      Poplar Spg Rd

      INDUSTRIAL - VACANT LAND • 0.18 Acres
      Poplar Spg Rd, Henrico, VA 23231
      View Details
    • Value Estimation by Request
      17.62 Acres

      Darbytown Rd

      INDUSTRIAL - VACANT LAND • 17.62 Acres
      Darbytown Rd, Henrico, VA 23231
      View Details

    Similar Nearby for Sale

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      4.71 Acres

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    Similar Nearby for Lease

    • $8,000 /Mo

      Richmond Industrial Yard For Lease

      2-acre industrial yard with secure fencing for lease.
      2201 Jennie Scher Rd, Richmond, VA 23231
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      Prime Commercial Land for Lease

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      Land Available For Lease

      Corner lot near residential and commercial developments.
      509 Goddin St, Richmond, VA 23231
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    • $5,000 /Mo

      Richmond Yard Space For Lease

      One acre gravel and fenced yard space for lease.
      300 Orleans St, Richmond, VA 23231
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    • Contact for pricing
      25,500 SF

      Industrial Warehouse with Office Space

      Industrial property featuring warehouse space and office component for lease.
      6601 S Laburnum Ave, Richmond, VA 23231
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    • Contact for pricing
      41,185 SF

      Richmond Industrial/Warehouse/Distribution Space

      98-acre park near Richmond Airport with flexible spaces.
      5601-5659 Eastport Blvd, Richmond, VA 23231
      View Details
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    506 Ohio St
    Richmond, VA 23231-3219
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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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