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    4300 Nine Mile Rd Richmond, VA 23223

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    For Sale
    $1,121,143

    Absolute net lease retail property near I-64 in Richmond.

    Lot size:
    1.83 Acres

    Property Features for 4300 Nine Mile Rd

    General Information

    Lot size
    1.83 Acres

    Source: Marcus & Millichap | Washington D.C. Agent Brian Hosey

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

    Overview

    Richmond Retail Investment Opportunity

    This retail property is located near I-64 in a densely populated area of Richmond, Virginia. The property is an absolute net lease opportunity with a leading U.S. convenience store operator. It qualifies for accelerated depreciation.
    Insight Report Location Intelligence

    Current Use by Public Records

    Q Mart Petan ... Convenience Store Bitcoin Depot | Bitcoin ... Crypto Atm Bitcoin Depot ATM Atm Citgo Gas Station

    Suggested Use

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

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

    Similar Places Nearby

    Ocean Grocery, The Lemon Nade Boy

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.3754315
    Latitude
    37.541307

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    FAQs

    What type of property is this?
    Grocery and convenience store - Absolute net lease retail property near I-64 in Richmond.
    Where is this grocery and convenience store located?
    The property is located at 4300 Nine Mile Rd Richmond, VA.
    What is the asking price?
    The asking price for this property is $1,121,143.
    What are key features of this property?
    This property features: - Absolute Net Lease; - Leading U.S. Convenience Store Operator; - Qualifies for Accelerated Depreciation, great for investors
    (202) 536-3700
    Request Owner's contact information
    4300 Nine Mile Rd Richmond, VA 23223
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    Richmond, VA 23223
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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
    4300 Nine Mile Rd Richmond, VA 23223
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