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    1821 New Market Rd Henrico, VA

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    For Sale
    $3,125,000

    17.87 acres slated for commercial development in Henrico County.

    Lot size:
    17.87 Acres

    Property Features for 1821 New Market Rd

    General Information

    Lot size
    17.87 Acres

    Source: Cushman & Wakefield | Thalhimer - Corporate Agent Mark Douglas

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

    Overview

    Prime Commercial Land Opportunity

    This 17.87-acre commercial land parcel is available for purchase, with a contiguous 13.1 acres also available, creating a potential assemblage of 30.97 acres. The property is slated for commercial development according to the Henrico County Comprehensive Plan. It benefits from a signalized 4-way intersection corner lot on a four-lane road. The "Capital City Trail," a 50-mile paved bike and walking trail, is located directly across the street on Rt. 5. The property features 865 feet of road frontage on Rt. 5 and 1,182 feet of road frontage on Laburnum Ave. A 220-foot sewer pipe stub line is already installed on the property. The corner lot offers excellent natural drainage and visibility. It is suitable for retail, medical, office, residential, and mixed-use developments. The property is located in an Opportunity Zone and is zoned A-1. It is situated on the I-895 Interchange and is less than 4 miles from the Richmond International Airport.
    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 Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Department Store Garden Center

    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?
    Commercial land - 17.87 acres slated for commercial development in Henrico County.
    Where is this commercial land located?
    The property is located at 1821 New Market Rd Henrico, VA.
    What is the asking price?
    The asking price for this property is $3,125,000.
    What are key features of this property?
    This property features: - Slated for Commercial Development on Henrico County Comp Plan, perfect for retail, medical, office, residential and/or mixed-use.; - **Signalized 4-way intersection corner lot with four-lane travel and excellent visibility.**; - Located on I-895 Interchange and less than 4 miles to the Richmond International Airport.
    (804) 615-6601
    Request Owner's contact information
    1821 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
    1821 New Market Rd Henrico, VA
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