Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1427 Anderson Hwy Powhatan, VA 23113

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail pad for sale with expansion potential.

    Lot size:
    1.21 Acres

    Property Features for 1427 Anderson Hwy

    General Information

    Lot size
    1.21 Acres

    We can help!

    Listing Contact
    Sarah Sadler
    Source: Slnusbaum

    Listing Agent: Sarah Sadler

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

    Learn more

    Overview

    Retail Pad in Oakbridge Park

    This retail pad is located at the front of Oakbridge Office Park. It offers potential for expansion to an adjacent 1.43-acre lot that includes a 2,991-square-foot building. The property features over 200 feet of frontage on Route 60. Water and sewer services are available at the road. The location is close to the Powhatan/Chesterfield County line and is just minutes from Westchester Commons, a 225,000-square-foot mixed-use development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.7401868
    Latitude
    37.5064718

    Nearby Similar for Sale

    • Contact for pricing
      8,887 SF

      Office Building in Powhatan

      Office building for sale in Powhatan, Virginia.
      Powhatan, VA 23139
      View Details
    • Contact for pricing
      1,735 SF

      Strickland Brothers NNN Lease Property

      Corporately guaranteed Strickland Brothers with 14+ years remaining.
      1860 Stoneridge Commerce Dr, Powhatan, VA
      View Details
    • $1,400,000
      2,925 SF

      Commercial Buildings on Two Parcels

      Two parcels with commercial buildings available for sale.
      1348 Anderson Hwy, Powhatan, VA 23139
      View Details
    • $2,175,000
      3,312 SF

      Powhatan Commercial Land Investment

      Prime 2.47-acre commercial lot, high traffic.
      1922 Anderson Hwy, Powhatan, VA 23139
      View Details
    • $565,000

      Powhatan Commercial Land Investment

      High-traffic location, development potential.
      3510 Anderson Hwy, Powhatan, VA 23139
      View Details
    • $1,700,000
      2,925 SF

      Powhatan Retail Investment Opportunity

      Two buildings, high traffic location, excellent access.
      1346 Anderson Hwy, Powhatan, VA 23139
      View Details
    • $749,000
      3.66 Acres

      Powhatan Commercial Land - Route 60

      High-traffic Route 60 commercial lot. Excellent development potential.
      2620 Anderson Hwy, Powhatan, VA 23139
      View Details
    • $1,299,000
      31.20 Acres

      Powhatan Commercial Land - Hwy Frontage

      High-visibility commercial lot, 31.2 acres.
      041-12A Anderson Hwy, Powhatan, VA 23139
      View Details
    • $350,000

      Powhatan Mobile Home Park Investment

      7-Pad Virginia Mobile Home Park, 100% Occupancy
      15 Brumskill Ct, Powhatan, VA 23139
      View Details

    FAQs

    What type of property is this?
    Commercial land - Retail pad for sale with expansion potential.
    Where is this commercial land located?
    The property is located at 1427 Anderson Hwy Powhatan, VA.
    What are key features of this property?
    This property features: - High visibility with **200+' frontage on Rt 60**; - Strategic location near Westchester Commons (225,000 SF Mixed-use development); - Potential for expansion on adjacent 1.43 AC lot with existing 2,991 SF building
    (804) 277-6468
    Request Owner's contact information
    1427 Anderson Hwy Powhatan, VA 23113
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1427 Anderson Hwy
    Powhatan, VA 23113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1427 Anderson Hwy Powhatan, VA 23113
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sarah Sadler
    Real Estate License ID: #0225239252
    (804) 277-6468
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!