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    2664 New Market Rd Henrico, VA

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    For Sale
    $1,700,000

    Retail and office property with existing leases in Henrico, VA.

    Property size:
    5,656 SF
    Lot size:
    1.67 Acres

    Property Features for 2664 New Market Rd

    General Information

    Size
    5,656 SF
    Lot size
    1.67 Acres

    Source: Range Commercial Partners Agent Hamilton Shaheen

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

    Overview

    Retail and Office Investment Opportunity

    This property features two parcels totaling 3.69 acres, zoned B-1. It includes 5,656 square feet occupied by Walgreens, under lease through June 2026, and 3,637 square feet occupied by an office tenant, under lease through June 2025. The property is located at a lighted intersection and is adjacent to the Virginia Capital Trail. It is also less than 1 mile from I-295. The property is suitable for retail and office use.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Pharmacy Department Store

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.6421577
    Latitude
    37.59161

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    FAQs

    What type of property is this?
    Shopping center - Retail and office property with existing leases in Henrico, VA.
    Where is this shopping center located?
    The property is located at 2664 New Market Rd Henrico, VA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Located at lighted intersection less than 1 mile from I-295; - Two parcels totaling 3.69 acres, zoned B-1; - 5,656 SF occupied by Walgreens, under lease through June 2026
    (804) 517-2678
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    2664 New Market Rd Henrico, VA
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    Henrico, VA
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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
    2664 New Market Rd Henrico, VA
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