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    OFF-MARKET Estimated value $1,075,000
    Flex space

    704 Dawn St, Richmond, VA 23222-4816

    7,891 SF 0.41 ac lot Built 1959
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US87-0915482
    Property summary
    AI-generated overview

    This 7,891 square foot property in Richmond, Virginia, presents a unique investment opportunity. Located at 704 Dawn St, in Henrico County (zip code 23222), this flex space boasts a versatile layout ideal for various uses. Originally built in 1959 and extensively renovated in 2018, the property features a 1,200 square foot tasting room with three-sided windows and a 1,500 square foot outdoor deck. The 6,700 square foot warehouse component includes a loading dock, multiple offices, and ample storage. The warehouse's rear, facing Dawn Street, offers a separate street-level entrance, potentially adaptable into retail space. The property sits on a 0.41-acre lot and includes 13 on-site parking spaces. It's zoned M-1 and benefits from three-phase electric service. The building is fully climate-controlled. A significant advantage is its location in a growing redevelopment area, with a proposed 44-unit apartment building across the street. The current tenant is relocating, making this an excellent chance to acquire a well-maintained property with high potential for future development.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1959
    Construction TYPE NOT SPECIFIED
    Total area 7,891 SF
    Lot 0.41 ac (18,000 SF)
    Zoning code M-1 LIGHT INDUSTRIAL
    APN N-000-0442-009
    UPID US87-0915482
    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
    • Tabol Brewing Production Facility Brewery & Distillery
    • Anytime Beer Company Production Facility Brewery & Distillery
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $770k
    Comparable Approach Comparable
    $1.27M
    Blend (final) Blend
    $1.08M
    Owner & transaction history
    Ralco Holdings INC · 1 yrs held
    Ralco Holdings INC
    since 2025
    Last sale
    $1.0M
    3 recorded transactions
    2025
    $1.0M
    2017
    $287,500
    2016
    Zoning & alternative use
    M-1 LIGHT INDUSTRIAL · Richmond, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.4M +76.8%
    Medical building $1.3M +61.7%
    Neighborhood: shopping center $1.3M +59.4%
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