Large Location Icon

1111 Commerce Rd; Richmond, VA Property Details

1111 Commerce Rd, Richmond, VA is a Distribution Warehouse that was built in 1900. This property is currently Financed and is not for sale. Our records show that 1111 Commerce Rd has a total of 21,995 square feet. The lot size of 1111 Commerce Rd is 147,973 square feet.

Off market
1111 Commerce Rd Richmond, VA 23224
$2,314,000 Estimated Value
21,995 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1900
  • Purchase Price: $3,045,000
  • Open Loans / Balance: 1 / $2,540,303
  • APN: S-000-0633-002
  • Situs County: Richmond City
  • Length Of Ownership: 1 year, 1 months

Structure

  • Building Style: Other
  • Stories: 2
  • Building Condition: Fair
  • Sewer Type: None
  • Water Source: None

Measurements

  • Total: 21,995/SqFt
  • Lot: 147,973/SqFt
  • Gross: 21,995/SqFt
  • Living: 21,995/SqFt
  • Building: 21,995/SqFt
  • Price Per Square Foot: $138.44

Legal Description

  • Description: 0300.00X0441.17 IRG0000.000
Building Insights

Land Information

  • Property Type: Distribution Warehouse
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Richmond City Public Schools
  • Lat / Lon: 37.51354 / -77.4335
  • Property Class: Industrial
  • Zoning: M-2 HEAVY
  • County Use Code: 534

Amenities

  • Plus Four: 7505

Ownership Info

1111 Commerce Rd has no associated ownership info
1111 Commerce Rd has no associated ownership info.

Taxes

1111 Commerce Rd has 10 associated Taxes items

1111 Commerce Rd, Richmond, VA pays taxes in Richmond City County, VA. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $2,314,000. The APN we've located for 1111 Commerce Rd is S-000-0633-002.

Unlock the full report
Taxes
  • Assessed Value:  $2,314,000
  • Assessed Year:  2026
  • Assessed County:  Richmond City
  • APN:  S-000-0633-002
  • Assessed Land Value:  1574000
  • Market Land Value:  1574000
  • Tax Amount:  27768
  • Tax Year:  2026
  • Market Value:  2314000
  • Market Year:  2026

Tax History

1111 Commerce Rd has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $2,314,000 Land Value $1,574,000 Improvement Value $740,000 Tax Amount $27,768 Change Rate +0.238758% Assessed CR Tax Rate +0.012%
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $22,416 Change Rate +0.153799% Assessed CR Tax Rate
Year 2024 Assessed Value $1,619,000 Land Value $879,000 Improvement Value $740,000 Tax Amount $19,428 Change Rate Assessed CR Tax Rate +0.012%
Year 2023 Assessed Value $1,432,000 Land Value $627,000 Improvement Value $805,000 Tax Amount $19,428 Change Rate +0.177455% Assessed CR Tax Rate +0.013567%
Year 2022 Assessed Value $1,375,000 Land Value $570,000 Improvement Value $805,000 Tax Amount $16,500 Change Rate Assessed CR Tax Rate +0.012%
Year 2021 Assessed Value $1,315,000 Land Value $533,000 Improvement Value $782,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2020 Assessed Value $1,315,000 Land Value $533,000 Improvement Value $782,000 Tax Amount $15,780 Change Rate +0.084089% Assessed CR Tax Rate +0.012%
Year 2019 Assessed Value $1,213,000 Land Value $444,000 Improvement Value $769,000 Tax Amount $14,556 Change Rate +0.128372% Assessed CR Tax Rate +0.012%
Year 2018 Assessed Value $1,075,000 Land Value $336,000 Improvement Value $739,000 Tax Amount $12,900 Change Rate Assessed CR Tax Rate +0.012%
Year 2017 Assessed Value $1,075,000 Land Value $336,000 Improvement Value $739,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $1,075,000 Land Value $336,000 Improvement Value $739,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2015 Assessed Value $1,075,000 Land Value $444,000 Improvement Value $631,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $1,075,000 Land Value $444,000 Improvement Value $631,000 Tax Amount $12,900 Change Rate Assessed CR Tax Rate +0.012%