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Property profile & analytics

51 Labrook Concourse Richmond, VA 23224-1466

  • Auto shops
  • 10,000 SF
  • 0.63 lot acres
OFF-MARKET
Value Estimations
$250,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US87-1004502
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

  • Accurate Transmission Richmond Chesterfield Midlothian Chester Glen Allen Henrico Mechanicsville / Engine Rebuilding Service / Transmission Shop

Property Details for 51 Labrook Concourse

Year built
1989
Construction
STEEL FRAME
Lot size
0.63 lot acres
Property size
10,000 SF
Zone code
B-3 GENERAL BUSINESS
Property type
Auto shops
APN
C-006-0921-046
APU
C0060921046

Description

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 parking area, loading and unloading are streamlined. The property sits on a 0.625-acre lot with 202 feet of frontage, offering ample space for maneuvering. The interior includes 1,500 square feet of dedicated office space, ideal for administrative functions. The building is classified as Class C and zoned B-3, providing flexibility for various uses. This property is ideal for businesses in distribution, automotive, or contracting sectors. The property is available for occupancy in late Fall 2024. The APN is C0060921042. This is a rare opportunity to secure a brand-new, well-appointed distribution center in a highly desirable Richmond location. Don't miss out on this chance to establish your business in a strategic and efficient space.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $240,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $382,000
    Market price range: $383k - $1.34M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Richmond
County
Richmond City
State
Virginia
Longitude
-77.5097
Latitude
37.5031
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
2020
$20
$123,000
$96,000
$219,000
-
$123,000
$96,000
$219,000
More about this property
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