511 GraceRichmond, VA 23220

  • Office properties
  • 6,240 SF
Off market
$1,290,000 Estimated

Property Details for 511 Grace

Year built
1980
Construction
TYPE NOT SPECIFIED
Lot size
0.20 AC
Property size (Sq ft)
6,240 SF
Zone code
B-4 CENTRAL BUSINESS
Property type
Office properties
Property subtype
Other office properties
APN
W-000-0258-009
APU
W0000258009

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,496,565
    6.5%
    $1,381,444
    7%
    $1,282,770
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,042,142
    Geo Method
    $1,042,142
  • Alternative Use

    Use
    Valuation
    Residential
    $1,712,991
    Hospitality
    $1,569,091
    Educational
    $1,305,465
    Medical
    $1,350,362
    Retail
    $2,030,723
511 Grace, Richmond, Virginia

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.5473
Longitude
-77.4476
CBSA code
40060
CBSA name
RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$15,480
$441,000
$849,000
$1,290,000
-
$441,000
$849,000
$1,290,000

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