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

    13844 Midlothian Tpke, Midlothian, VA 23113

    View on Map
    Claim this Listing
    For Sale
    $2,500,000

    Commercial/Industrial - Midlothian, VA

    Lot size:
    3.38 Acres
    Added:
    Oct 9, 2025
    Days on Market:
    240
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 13844 Midlothian Tpke

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.38 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    James Strum

    Listing agent James Strum

    Listing office Grove 5702 Grove Avenue, VA

    Listing date Oct 9, 2025

    MLS# 2528578 Listing URL

    Copyright © 2026 Long & Foster Real Estate. 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 3.38‑acre redevelopment assemblage in Midlothian Village Core.
    • High visibility and frontage directly on Midlothian Turnpike (Route 60).
    • Zoned O‑2 (Office) and R‑7 (Residential), offering multiple redevelopment options.
    • Aligns with Chesterfield County's Midlothian Community Special Area Plan, encouraging mixed‑use development.
    • Public water and sewer available nearby.
    • Located within the future Bus Rapid Transit expansion corridor.

    Overview

    This exceptional 3.38-acre redevelopment assemblage is located directly along Midlothian Turnpike (Route 60) in the heart of Chesterfield County's Midlothian Village Core. This offering consists of three contiguous parcels, presenting a unique opportunity for a village-scale mixed-use development that aligns with Chesterfield County's adopted Midlothian Community Special Area Plan. The site features high visibility and frontage along Route 60. The parcels include two zoned O-2 (Office) and one parcel zoned R-7 (Residential), offering multiple redevelopment paths. Chesterfield County actively encourages pedestrian-oriented, mixed-use projects in this corridor, including neighborhood commercial, office, and residential components such as townhomes or multifamily. Public water and sewer are available nearby for future development. Situated just east of Winterfield Road, this location is central to the area's schools, library, parks, and Sycamore Square. It is also within the future Bus Rapid Transit expansion corridor, making it a prime site for long-term growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.656776
    Latitude
    37.5050614

    Nearby Similar for Sale

    • $329,950

      Midlothian Land Parcel For Sale

      2.61 acre commercial land parcel in Nuttree Executive Center.
      2800 Fox Chase Ln, Midlothian, VA 23112
      View Details
    • $610,000
      2,544 SF

      Office Unit in Harbour Park

      Office unit for sale with 2544 square feet.
      5925 Harbour Park Dr, Midlothian, VA 23112
      View Details
    • $550,000

      Residential Lot in Established Neighborhood

      1.08-acre cleared lot ready for custom home construction.
      3512 ROBIOUS CROSSING DR, MIDLOTHIAN, VA 23113
      View Details
    • $100,000

      Versatile Land in Growing Area

      Land with residential and commercial potential in Midlothian, Virginia.
      8353 Hull Street Road, Midlothian, VA 23235
      View Details
    • Contact for pricing
      3,978 SF

      Medical Office Building in Midlothian

      3,978 SF medical office building for sale in Midlothian.
      14404 Sommerville Ct, Midlothian, VA 23113
      View Details
    • $1,300,000
      8,995 SF

      Waterfront Office Building For Sale

      8,995 SF waterfront office building, investment or owner-occupant opportunity.
      14700 Village Square Pl, Midlothian, VA
      View Details
    • $950,000
      5,000 SF

      Restaurant Pad Near High-Traffic Interchange

      1.9-acre restaurant pad in high-traffic retail area.
      12850 Hull Street Road, Midlothian, VA 23112
      View Details
    • $383,000
      1,224 SF

      Office Building in Chesterfield County

      Office building for sale in Midlothian, Chesterfield County.
      Midlothian, VA 23113
      View Details
    • $495,000

      Koger Center Blvd Pad Site

      Pad site with high visibility on Koger Center Blvd.
      1210 Koger Center Blvd., Midlothian, VA 23112
      View Details
    • $495,000

      Koger Center Blvd Pad Site

      Pad site with high visibility on Koger Center Blvd.
      1210 Koger Center Blvd., Midlothian, VA 23112
      View Details
    • $1,100,000
      3,978 SF

      Midlothian Medical/Office Property For Sale

      Located in the heart of Midlothian near medical facilities.
      14404 Sommerville Ct, Midlothian, VA
      View Details
    • $395,000
      1,926 SF

      Midlothian Two-Level Townhome

      Comfortable two-level townhome in the heart of Midlothian.
      613 Abbey Village Circle,, VA 23114
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.38-acre assemblage for mixed-use development in Chesterfield County.
    Where is this commercial land located?
    The property is located at 13844 Midlothian Tpke Midlothian, VA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Prime 3.38‑acre redevelopment assemblage in Midlothian Village Core.; High visibility and frontage directly on Midlothian Turnpike (Route 60).; Zoned O‑2 (Office) and R‑7 (Residential), offering multiple redevelopment options.
    (888) 536-0216
    We can help!
    Listing Contact
    James Strum
    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
    13844 Midlothian Tpke, Midlothian, VA 23113
    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!