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    8931 Patterson Ave Henrico, VA

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    For Lease
    $850,000

    4,656 SF retail space available for lease/ground lease.

    Property size:
    4,656 SF
    Lot size:
    0.48 Acres

    Property Features for 8931 Patterson Ave

    General Information

    Size
    4,656 SF
    Lot size
    0.48 Acres

    Source: Cushman & Wakefield | Thalhimer - Corporate Agent Jim Ashby

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

    Overview

    Retail Space on Patterson Avenue

    This 4,656 square-foot retail space is situated on 0.48 acres. It is available for lease or ground lease. The ground lease is offered at $75,000 per year. The 0.48-acre lot is also available for ground lease and includes a swimming pool in the rear of the premises. The property is located near the intersection of Gayton Road and Patterson Avenue, offering excellent visibility and pylon signage. The zoning is B-1.
    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

    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.

    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?
    Retail space - 4,656 SF retail space available for lease/ground lease.
    Where is this retail space located?
    The property is located at 8931 Patterson Ave Henrico, VA.
    What are key features of this property?
    This property features: - Excellent visibility; - Located near intersection of Gayton Road & Patterson Avenue; - 4,656 SF Retail on 0.48 acres
    (804) 539-1431
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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
    8931 Patterson Ave Henrico, VA
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