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349 E Belt Blvd 1,276 SF Retail Building Richmond, VA 23224 $1,132,230 CAD ($887.33 CAD/SF) 5.26% Cap Rate
Investment Highlights
- 1276sf stand-alone retail building on 1 acre
- Enterprise Zone Incentives
- .8 mi to Mcguire Veteran Hospital
- .5 mile to Interstate Access
- Zoned B3
Executive Summary
1276sf Retail Building with 2 bays on Large 1 Acre Lot, zoned B3 for General Retail Uses, such as Automotive Service, Storage, Gas, Car Wash, Convenience Store with 155' on E. Belt Blvd, located .5mi to I-64 and 4 Mi. to Downtown Richmond. This location is a designated Enterprise Zone with Incentives that include reduction of permit fees, user fees, business, professional and occupational license taxes, partial exemption from taxation of substantially rehabilitated real estate, and development tax.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,276 SF
Building Class
C
Year Built
1960
Price
$1,132,230 CAD
Price Per SF
$887.33 CAD
Cap Rate
5.26%
NOI
$59,584 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.11 AC
Zoning
B3 - B3 Zoning allows most retail, service uses
Parking
40 Spaces (31.35 Spaces per 1,000 SF Leased)
Frontage
156’ on E Belt Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Moe
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Moe | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | C006-0154-024 | Total Assessment | $568,174 CAD (2025) |
| Land Assessment | $455,637 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $112,537 CAD (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
C006-0154-024
Land Assessment
$455,637 CAD (2025)
Improvements Assessment
$112,537 CAD (2025)
Total Assessment
$568,174 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2025
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349 E Belt Blvd
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