Property profile

629 Mineral Ave Mineral, VA 23117

OFF-MARKET
Commercial real estate
Property ID
US87-2531538
1,150 SF
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,150 square foot commercial property, located at 629 Mineral Avenue in Mineral, Virginia, presents a unique investment opportunity. Situated on three combined Mineral Town lots (17-19), this versatile space offers significant potential for a variety of uses. Currently zoned commercial, it's ideally suited for a local business or office space, or even a blend of residential and commercial use. The property boasts a recently completed renovation, including brand new plumbing and electrical systems, a modern kitchen, and a substantial addition. This comprehensive update ensures a move-in ready condition for any prospective tenant or owner. The flexible layout allows for either a two-bedroom residential configuration or a three-office commercial setup, providing adaptability to suit diverse needs. Ample off-road parking is available, with seven or more spaces accommodating employees or clients. The property's location in Mineral, VA, offers convenient access to local amenities and transportation routes. This turnkey property is priced at $299,777 and represents an excellent value in the current market. Don't miss this chance to acquire a meticulously updated and versatile commercial space with significant upside potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 1,150 SF
APN 43B2 298 17
UPID US87-2531538

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

629 Mineral Ave Mineral, VA 23117-4011
Mineral metro Census 950202 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2025
Last sale
$265,000
2 recorded transactions
2025
$265,000
2022
$45,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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