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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Flex space
5519 Pride Rd Richmond, VA 23224-1018
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1069900
Property summary
AI-generated overview
This exceptional Richmond, VA industrial property, located at 5519 Pride Rd, 23224, offers 16,148 square feet of immediately available warehouse space within a larger 26,190 square foot building. The single-story building sits on a 1.14-acre lot and is zoned M-1. The warehouse features a 20-foot ceiling height, providing ample vertical space for storage and operations. Four loading docks ensure efficient loading and unloading of goods. Approximately 2,700 square feet of office space is included, offering a comfortable and functional area for administrative tasks. The entire space is fully conditioned and equipped with a sprinkler system, meeting modern safety and operational standards. The maximum contiguous space available is 16,148 square feet, ideal for a single tenant seeking a substantial industrial footprint. This property presents a significant opportunity for businesses requiring substantial warehouse space in a convenient Richmond location. The property is currently multi-tenant.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1972
Construction
TYPE NOT SPECIFIED
Total area
26,190 SF
Lot
1.14 ac (49,746 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
C-006-0723-064
UPID
US87-1069900
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bottom Dollar Discount Store
-
Richmond Rat Control Animal Shelter Pet Adoption Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$1.52M
Owner & transaction history
Ddd 5519 Pride LLC · 2 yrs held
Ddd 5519 Pride LLC
since 2023
2 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,200,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$1,054,000
Assessed 2024
Previous assessed
$954,000
+10.5% YoY
Effective rate
0.00%
On assessed value
Assessed land
$181,000
Assessed improvement
$873,000
Land market value
$181,000
Improvement market value
$873,000
Total market value
$1,054,000
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
YES
Stories
1
Rooms
16
Bathrooms
2
Total area
26,190 SF
Lot
1.14 ac (49,746 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
C-006-0723-064
UPID
US87-1069900
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Zoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Rooms
16
Bathrooms
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
Ddd 5519 Pride LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5500 MACARTHUR BLVD NW, WASHINGTON, DC 20016-2536
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
—
Ddd 5519 Pride LLC
—
Deed
related
$6,600,000 · Genworth Life Insurance Company
Dec 26, 2023
—
Ddd 5519 Pride LLC
Daniel Daniel And Daniel LLC
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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