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Property profile

51 Labrook Concourse Richmond, VA 23224

OFF-MARKET
Auto shops
Property ID
US87-1004502
10,000 SF 0.63 ac lot Built 1989
Last sale Mar 2013 · $279,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 10,000-square-foot distribution center, newly constructed in 2024, presents a unique opportunity in Richmond, Virginia. Located at 51 Labrook Concourse, this single-tenant property boasts a prime location with convenient access to major thoroughfares like Midlothian Turnpike and Chippenham Parkway. The building features a spacious 16-foot ceiling height, perfect for efficient storage and operations. With 2 drive-in bays and 16 total parking spaces, including a fenced rear…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$20
Tax billed · 2020
Assessed value · 2024$219k
Assessed land$123k
Assessed improvement$96k
Effective rate0.01%

Value estimate

· Oct 2026
$240k
$216k – $264k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$99/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$41 – $167

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-3 GENERAL BUSINESS
JurisdictionRICHMOND CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.2
Dental Office27.3
Law Firm26.0

Location

51 Labrook Concourse Richmond, VA 23224-1466
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
301 Maury, Richmond, VA 23224 $2,760,000 Feb 2026 9,624 SF
314 7th, Richmond, VA 23224-2308 $105,638 Apr 2025 10,264 SF
311 Commerce, Richmond, VA 23224-2333 $5,591,294 Apr 2025 8,000 SF
16 Thurman, Richmond, VA 23224 $384,374 Mar 2024 9,288 SF
812 Richmond, Richmond, VA 23224-5247 $385,938 Mar 2024 8,775 SF
3707 Hopkins, Richmond, VA 23224-6612 $1,100,000 Jul 2020 11,320 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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