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Property profile & analytics
FOR SALE
Warehouses

706 Decatur St Richmond, VA 23224

9,102 SF 0.4 ac lot Built 1959
Individually Owned 3-yr Hold Free & Clear
Property ID
US87-0604999
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1959
Construction STONE
Total area 9,102 SF
Lot 0.4 ac (17,352 SF)
Zoning code B-7 CENTRAL BUSINESS
APN S-000-0111-005
UPID US87-0604999
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$816k
Blend (final) Blend
$720k
Owner & transaction history
Paul Ackman · 3 yrs held
Paul Ackman
since 2023
2 recorded transactions
2023
Price N/A
2023
Price N/A
Zoning & alternative use
B-7 CENTRAL BUSINESS · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $980,000 +61.9%
Industrial (general) $940,000 +55.3%
Auto repair, garage $900,000 +49.0%
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