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    7340 Forest Hill Ave Richmond, VA 23225

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    For Sale
    $2,500,000

    Retail space with high visibility, located near major retailers.

    Property size:
    1,175 SF
    Lot size:
    3.36 Acres

    Property Features for 7340 Forest Hill Ave

    General Information

    Size
    1,175 SF
    Lot size
    3.36 Acres

    Source: Cushman & Wakefield | Thalhimer - Corporate Agent Alicia Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Major Retailers

    This 1,175-square-foot retail space is positioned across from Walmart, Lowe’s, and Aldi, and shares tenancy with Wawa. The property benefits from high visibility and is available for immediate delivery.
    Insight Report Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Pizza Restaurant Elizs Nails Spa Nail Salon Black Rabbit Tattoo ... Tattoo Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5322405
    Latitude
    37.5374896

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility, located near major retailers.
    Where is this retail space located?
    The property is located at 7340 Forest Hill Ave Richmond, 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: - Great visibility; - Co-tenancy with Wawa; - Located across from WalMart, Lowe’s, and Aldi
    (804) 387-7692
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    7340 Forest Hill Ave Richmond, VA 23225
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    Richmond, VA 23225
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    Realmo Value Estimation

    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.

    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.

    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
    7340 Forest Hill Ave Richmond, VA 23225
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