1516 Commerce Rd, Richmond, VA 23224 Property Records

Richmond City property record for 1516 Commerce Rd, Richmond, VA 23224

Property Summary

Property TypeDistribution Warehouse (Regional)
Details10,856 sqft · built 1950
Lot Size2.42 acres (105,589 sqft)
OwnerCompany Name on File
Last Sale$1,675,000 (Mar 2023)
Tax Bill$20,208 (2026)
Deeds & MortgagesMar 2023 Sale
Mar 2023 Transfer
APNS-007-0940-011

Property Details

APN / Parcel Number

Primary APNS-007-0940-011

Interior

Stories1 Story
Building Area10,856 sqft Total Area

Exterior

Year BuiltBuilt 1950
Effective Year BuiltEffective 1950
Fire ResistanceMasonry Walls, Wood Interior
Lot Area105,589 sqft (2.42 acres)
Lot Dimensions528 ft deep x 200 ft wide

Utilities, Heating & Cooling

Cooling SystemHVAC

Location & Zoning

Street Address1516 COMMERCE RD
CityRICHMOND
StateVA
Zip23224-7514
Property CategoryIndustrial
Property TypeIndustrial > Distribution Warehouse (Regional)
Local Zoning CodeM-2 HEAVY
Legal Description0200.00X0528.00 0000.000
JurisdictionRICHMOND CITY VA
Township / Civil DivisionRICHMOND
Census Block Group2
Census Block2019
Census Tract60700

Owner

1516 Commerce Rd, an industrial property, is owned by a company that bought it in March 2023.

Source: Richmond City records, as of August 10, 2026

Owner of RecordCompany Name on File
Mailing Address1516 COMMERCE RD, RICHMOND, VA 23224-7514
Owner TypeCompany
VestingCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Mar 23, 2023Warranty Deed, Transfer
ATTORNEY ONLY, ATTORNEY
Mar 16, 2023Intrafamily Transfer, Transfer

Assessor's Deed Record

Deed NamesName on Deed
Last SaleMar 23, 2023 · Amount on File
Deed SaleMar 23, 2023 · Amount on File
Deed Document Number20234133
Record UpdatedSep 20, 2026

March 2023: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionRICHMOND CITY VA
Recording DateMar 23, 2023
Property Address1516 COMMERCE RD, RICHMOND, VA 23224-7514
Document Number0000004133
Instrument DateMar 21, 2023
Instrument230004133
Transaction TypeTransfer
Record UpdatedApr 12, 2023
Title CompanyATTORNEY ONLY, ATTORNEY

Transaction

AmountAmount on Record
Tax$0.00
Amount AccuracyFull Amount Stated
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name

March 2023: Intrafamily Transfer, Transfer

Document TypeIntrafamily Transfer
JurisdictionRICHMOND CITY VA
Recording DateMar 16, 2023
Property Address1516 COMMERCE RD, RICHMOND, VA 23224-7514
Document Number0000003794
Instrument DateMar 16, 2023
Instrument230003794
Transaction TypeTransfer
Record UpdatedApr 5, 2023

Transaction

Tax$0.00
Amount AccuracyNo Consideration Stated
Additional
  • Intrafamily Transfer

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address2300 CEDARFIELD PKWY APT 285, 285, HENRICO, VA 23233-1956

Tax Assessment & Valuation

The 2026 property tax bill for 1516 Commerce Rd was $20,208, up 31.7% from the year before.

Source: Richmond City assessment roll, as of August 10, 2026

Property Jurisdictions

TypeName
StateVirginia
MunicipalityRichmond City
Unified School DistrictRichmond City Public Schools (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$20,208.00 (+31.67%)$1,684,000 Land $1,288,000 Building $396,000$1,684,000 Land $1,288,000 Building $396,000
2025$15,348.00
2024$1,075,000 Land $679,000 Building $396,000
2023$1,075,000 Land $679,000 Building $396,000
2020$20.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA has no flood map on file for 1516 Commerce Rd; there have been 16 flood claims nearby since 1978.

Source: FEMA National Flood Hazard Layer · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneNot on file
Nearby Flood Claims16 (1978–1987)
Claims Outside the SFHA1 of 16
Most Recent ClaimSep 1987 · river or lake flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 1516 Commerce Rd is low, with a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 80% of the US · lower than 71% of Virginia
Wildfire Likelihood0.01% annual chance
ExposureNone
beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCITY OF RICHMOND
serves 233,655 people · EPA ID VA4760100
Water SourceSurface water
Last State InspectionFeb 2026
Lead4 ppb (2023–2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureOrganic carbon removal
Jul 2020
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 13 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250

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