Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    512 8th St Richmond, VA 23224-5402

    • Distribution centers
    • 6,361 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $185,000
    Last Sale
    Aug 10, 2020
    $275,000
    Location Intelligence
    Property ID
    US87-3976489
    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

    • Hotbox Screenprinting / T-Shirt Company / Graphic Designer
    • Schrock Studios / Art Gallery / Studio
    • Blankenship Roofing Services / Roofing Contractor

    Property Details for 512 8th St

    Year built
    1950
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.46 lot acres
    Property size
    6,361 SF
    Zone code
    M-2 HEAVY INDUSTRIAL
    Property type
    Distribution centers
    APN
    S-000-0273-016
    APU
    S0000273016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $215,000
      6.5%
      $220,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $225,000
      Mixed-Use
      $275,000
      Hospitality
      $260,000
      Educational
      $240,000
      Residential Income
      $220,000
      Energy
      $215,000
      Income-Based Land
      $210,000
      Food Service
      $225,000

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4359
    Latitude
    37.5183
    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
    $181,000
    $252,000
    $433,000
    -
    $181,000
    $252,000
    $433,000

    Comparable in this City

    • Value Estimation by Request
      17,316 SF

      1608 Commerce Rd

      DISTRIBUTION WAREHOUSE • 17,316 SF
      1608 Commerce Rd, Richmond, VA 23224-7502
      View Details
    • Value Estimation by Request
      3,360 SF

      3300 Formex Rd

      DISTRIBUTION WAREHOUSE • 3,360 SF
      3300 Formex Rd, Richmond, VA 23224-6369
      View Details
    • Value Estimation by Request
      10,652 SF

      101 7Th St

      Distribution properties • 10,652 SF
      101 7Th St, Richmond, VA 23224
      View Details
    • Value Estimation
      $325,000
      3,150 SF

      1500 Bainbridge St

      DISTRIBUTION WAREHOUSE • 3,150 SF
      1500 Bainbridge St, Richmond, VA 23224-2050
      View Details
    • Value Estimation by Request
      32,602 SF

      2 Giant Dr

      DISTRIBUTION WAREHOUSE • 32,602 SF
      2 Giant Dr, Richmond, VA 23224
      View Details
    • Value Estimation by Request
      11,906 SF

      110 Giant Dr

      DISTRIBUTION WAREHOUSE • 11,906 SF
      110 Giant Dr, Richmond, VA 23224-1000
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,652 SF

      Old Manchester Warehouse Assemblage

      Richmond Warehouse, 10,652 SF, B-7 Zoning
      706 Decatur St, Richmond, VA 23224
      View Details
    • Contact for pricing
      10,652 SF

      Warehouse, Showroom, and Office Space

      9,102 SF warehouse/showroom/office with fenced storage in Old Manchester.
      706 Decatur St, Richmond, VA 23224
      View Details
    • $5,100,000
      42,628 SF

      Richmond Warehouse Fronting I-95

      41,396 SF warehouse with strong tenant and I-95 frontage.
      3405 Commerce Rd, Richmond, VA 23224
      View Details
    • Contact for pricing
      1,528 SF

      Richmond Retail Investment Opportunity

      Prime 0.33-acre lot, 1528 SF retail building
      7 Cowardin Ave, Richmond, VA 23224
      View Details
    • $800,000
      0.47 Acres

      Cleared Lot Near Midlothian Turnpike

      Commercial land for sale in a prime location.
      11151 Research Plaza Way, North Chesterfield, VA 23224
      View Details
    • $979,000

      Move-In Ready Southaven Townhome

      Four-story end unit townhome with city and river views.
      425 W 7Th St, Richmond, VA 23224
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      33,000 SF

      Haynes Warehouse: Richmond Industrial Space

      33,000 SF Warehouse - Immediate Occupancy
      6550 Hull Street Rd, Richmond, VA 23224
      View Details
    • $15 SF/Yr
      7,800 SF

      Prime Manchester District Office/Warehouse

      7,800 SF Flex Space, 1-Acre Lot
      710 Perry St, Richmond, VA 23224
      View Details
    • $12 SF/Yr
      4,408 SF

      Manchester Flex Space Available

      Climate-controlled flex space in Manchester neighborhood, ideal for creative uses.
      215-217 W 7Th St, Richmond, VA 23224
      View Details
    • Contact for pricing
      19,500 SF

      Richmond Warehouse with Secured Parking

      19,500 SF warehouse with secured parking near I-95.
      300 Stockton St, Richmond, VA 23224
      View Details
    • $12 SF/Yr
      15,990 SF

      Warehouse with Fenced Yard

      Warehouse building featuring a fenced yard for storage or parking.
      4930 Old Midlothian Tpke, Richmond, VA 23224
      View Details
    • Contact for pricing
      32,600 SF

      Richmond Warehouse Space Available

      32,600 SF warehouse space for lease in Richmond.
      2 Giant Dr, Richmond, VA 23224
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    512 8th St
    Richmond, VA 23224-5402
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.