Listing Agency: Commonwealth Commercial Partners

Listed By: Morgan Trible · License #VA

Source: Crexi

Added: Sep 22, 2022 Changed: Jul 6 Last Checked: Jul 30 at 1:19PM

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Investment Insights

Based on property information with market context.

This retail space is available for lease at 7009 Forest Hill Ave, Richmond, VA 23225.

Key Highlights

• For Lease

Property Analytics

Property Profile

Current Use

Kanawha Medical Supply Home Health Care Service Micro Management Accounting Firm

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

514

Businesses Nearby

Explore this area Business Placement

Demographics for 23225, VA

40,876

Population

21,545

Households

1.9

Avg Household Size

38

Median Age

41%

College-Educated

91%

High-School Grad

13.9 sq mi

ZIP Area

2,941

Density / Sq Mi

$60,865

Median Household Income

$43,550

Median Earnings

$1,311

Median Rent

$292,800

Median Home Value

Market

Lease Benchmarks for Richmond, VA

$18.22 /SF/Yr

Avg Asking Price

$5.13–$33.94 /SF/Yr

Price Range

28,088 SF

Avg Space Size

This space is priced 65% above the average of $18.22 /SF/Yr.

Vacancy Rate% for Retail in Richmond, VA

6.9% 2019

7.5% 2020

7% 2021

5.2% 2022

4.2% 2023

4.9% 2024

5.7% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for lease in Richmond, Virginia.

Where is this retail space located?

The property is located at 7009 Forest Hill Ave Richmond, VA.

What is the lease rate?

The lease rate is $30 SF/Yr.

What are key features of this property?

This property features: For Lease