706 Decatur St Richmond, VA 23224
This exceptional Richmond, Virginia property presents a unique investment opportunity. The assemblage comprises a substantial 10,652 square foot warehouse, ideally suited for a variety of industrial or office uses. The main building offers 9,102 square feet of versatile space, encompassing warehouse, showroom, and office areas, providing ample room for operations and potential expansion. An additional 1,550 square foot auxiliary building offers further flexibility and storage capacity. The property sits on a sizable 0.745-acre lot, including a fenced storage yard, providing ample outdoor space for equipment, materials, or additional parking. Constructed in 1959, the buildings are situated at 706, 710, 712, and 714 Decatur Street, Richmond, VA 23224, within the B-7 zoning district. This zoning designation allows for a wide range of commercial and industrial uses, making this property highly adaptable to various business needs. The combination of substantial indoor and outdoor space, along with its favorable zoning, makes this an attractive proposition for businesses seeking a well-located and versatile property in the vibrant Richmond market. The property's location offers easy access to major transportation routes and amenities, enhancing its overall appeal and potential for growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-7 CENTRAL BUSINESS · Richmond, VARichmond. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.