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    12608 Patterson Ave, Unit & Rt 288 Richmond, VA 23238

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    For Lease
    Contact for pricing

    High-end retail and restaurant space in Richmond's West Creek.

    Property size:
    5,600 SF
    Lot size:
    78.96 Acres

    Property Features for 12608 Patterson Ave

    General Information

    Size
    5,600 SF
    Lot size
    78.96 Acres

    Source: Colliers | Richmond North Agent Harrison Hall

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

    Overview

    Retail Space at Oak Hill

    Located at the intersection of Route 288 and Patterson Avenue, Oak Hill is positioned as a destination for restaurants and retail shops. The development is part of a master-planned, mixed-use component of West Creek, spanning over 150 acres. This includes retail spaces and an 18-acre apartment site planned for over 300 units, as well as lakefront parcels suitable for office and other uses. Situated on the southernmost portion of West Creek, which accommodates 12,000 daytime employees, Oak Hill aims to capitalize on the underserved restaurant and retail market along the Patterson Avenue corridor. The location benefits from high traffic volume, with 45,000 vehicles per day on Route 288 and 22,000 vehicles per day on Patterson Avenue. The property offers 5,600 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Collective Apartment Building

    Suggested Use

    Restaurant Realty agency Law Firm Wholesale Shop Auto Repair Shop Gym & Fitness Kitchen & Bath Storage Facility Cafe & Coffee Shop Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.655601
    Latitude
    37.599985

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    FAQs

    What type of property is this?
    Shopping center - High-end retail and restaurant space in Richmond's West Creek.
    Where is this shopping center located?
    The property is located at 12608 Patterson Ave, Unit & Rt 288 Richmond, VA.
    What are key features of this property?
    This property features: - High-end destination for restaurant and retail shops.; - Located at the intersection of Route 288 and Patterson Avenue, a high-traffic intersection.; - Part of a 150+ acre master-planned mixed-use development.
    (804) 814-5299
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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
    12608 Patterson Ave, Unit & Rt 288 Richmond, VA 23238
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