Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Premier Location Title is generated by Realmo AI

    12351 Kain Road, Glen Allen, VA 23059

    View on Map
    Claim this Listing
    Picture of Commercial land at 12351 Kain Road, Glen Allen, VA
    For Sale
    $980,000

    LAND - Glen Allen, VA

    Lot size:
    2.47 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    52
    Last Refresh:
    May 10 at 4:06 am

    Property Features for 12351 Kain Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    736-768-2573
    Lot size
    2.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WS KAIN RD AC 2.472 72 A2 41
    Tax Annual Amount
    2585

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Rick Grizzell

    Listing agent Rick Grizzell License #0225053897

    Listing office Premier Properties Realty LLC 167 Gaines Thrifty Lane, Richmond, VA

    Listing date Mar 20, 2026

    MLS# 2606948 Listing URL

    Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime real estate location
    • Premier development corridor
    • Corner lot at Kane Rd. and North Gayton Rd.
    • Value is in the land location
    • Well water source
    • Septic tank sewer system

    Overview

    This 2.472-acre land parcel is located in Glen Allen, Henrico County, Virginia. Situated at the corner of Kane Road and North Gayton Road, the property is positioned within a premier development corridor. The value of this property lies in its location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bulkeley Services Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.6240628
    Latitude
    37.6707799

    Nearby Similar for Sale

    • $395,000

      Glen Allen Land For Sale

      Commercial land/mixed-use property with usable acreage in Glen Allen.
      3002 Mountain Road, Glen Allen, VA 23060
      View Details
    • $474,950

      Glen Allen Land Development Opportunity

      Rare 1.85-acre land parcel suitable for residential development.
      10387 Jordan Drive, Glen Allen, VA 23060
      View Details
    • $299,950

      Ready-to-Build 5-Acre Homesite

      Exceptional 4.9-acre homesite prepared for custom build in Glen Allen.
      Old Washington Highway, Glen Allen, VA 23059
      View Details
    • $3,800,000

      Prime Development Land in Short Pump

      2.37-acre site with M-1C zoning in Short Pump area.
      4150 Tom Leonard Dr, Short Pump, VA 23060
      View Details
    • $1,900,000
      3,264 SF

      Freestanding Bank Building For Sale

      Freestanding bank building in Richmond's premier retail submarket.
      4180 Dominion Boulevard, Glen Allen, VA, 23060
      View Details
    • $450,000

      Glen Allen Land For Sale

      1.5-acre parcel in Short Pump area, Henrico County, Virginia.
      12701 Kain Road, Glen Allen, VA 23059
      View Details
    • $165,000

      Glen Allen Wooded Lot For Sale

      1.15 acre wooded lot in convenient Glen Allen location.
      11561 Edinburgh Rd, Glen Allen, VA 23060
      View Details
    • $2,000,000
      4,201 SF

      Innsbrook Shoppes Outparcel For Sale

      Spacious outparcel in Innsbrook Corporate Center, Richmond MSA.
      4020 Cox Road, Glen Allen, VA, 23060
      View Details
    • $150,000

      Glen Allen Wooded Lot For Sale

      0.74 acre lot near Short Pump and major interstates.
      11571 Edinburgh Rd, Glen Allen, VA 23060
      View Details
    • $3,800,000

      Prime Development Land in Short Pump

      2.37-acre site in Short Pump with M-1C zoning.
      4150 Tom Leonard Dr, Glen Allen, VA 23060
      View Details
    • $1,750,000

      Commercial Land Near Retailers

      1.52 acre commercial land for sale in Short Pump.
      4150 Tom Leonard Drive, Glen Allen, VA 23060
      View Details
    • Contact for pricing
      38,393 SF

      Glen Allen Office Building For Sale

      Class A office building with flexible options for sale/lease.
      4851 Cox Rd, Glen Allen, VA 23060
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime land in Glen Allen's development corridor for sale.
    Where is this commercial land located?
    The property is located at 12351 Kain Road Glen Allen, VA.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: Prime real estate location; Premier development corridor; **Corner lot at Kane Rd. and North Gayton Rd.**
    (804) 310-5200
    We can help!
    Listing Contact
    Rick Grizzell
    Real Estate License ID: 0225053897
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12351 Kain Road, Glen Allen, VA 23059
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!