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

    12701 Kain Rd Glen Allen, VA 23059

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    1.5-acre parcel in Short Pump area with development potential.

    Type:Land
    Lot size:
    1.50 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 27 at 3:30 pm

    Property Features for 12701 Kain Rd

    General Information

    Standard status
    Active
    Lot size
    1.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Melissa Reed

    Listing agent Melissa Reed License #0225076417

    Listing office ERA Woody Hogg and Asociates

    Listing date Apr 27, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of ERA Woody Hogg and Asociates

    Overview

    Prime Land Parcel in Short Pump

    This 1.5-acre parcel is located in the Short Pump area of Henrico County, Virginia. The property provides convenient access to major roads, shopping, and dining. It is suitable for a private homesite, small agricultural use, or investment. The location has a bike score of 30, indicating it is somewhat bikeable, and a walk score of 8, indicating car dependence.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Gym & Fitness Center Pharmacy Skin Care Clinic Accounting Firm Food Market Grocery & Convenience Store Cafe & Coffee Shop Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.6353415
    Latitude
    37.6774009

    Nearby Similar for Sale

    • $395,000

      Glen Allen Land For Sale

      Commercial land/mixed-use property with usable acreage in Glen Allen.
      3002 Mountain Road, Glen Allen, VA 23060
      View Details
    • $980,000

      Land in Premier Location

      Prime land in Glen Allen's development corridor for sale.
      12351 Kain Road, Glen Allen, VA 23059
      View Details
    • $474,950

      Glen Allen Land Development Opportunity

      Rare 1.85-acre land parcel suitable for residential development.
      10387 Jordan Drive, Glen Allen, VA 23060
      View Details
    • $299,950

      Ready-to-Build 5-Acre Homesite

      Exceptional 4.9-acre homesite prepared for custom build in Glen Allen.
      Old Washington Highway, Glen Allen, VA 23059
      View Details
    • $1,900,000
      3,264 SF

      Freestanding Bank Building For Sale

      Freestanding bank building in Richmond's premier retail submarket.
      4180 Dominion Boulevard, Glen Allen, VA, 23060
      View Details
    • $450,000

      Glen Allen Land For Sale

      1.5-acre parcel in Short Pump area, Henrico County, Virginia.
      12701 Kain Road, Glen Allen, VA 23059
      View Details
    • $2,000,000
      4,201 SF

      Innsbrook Shoppes Outparcel For Sale

      Spacious outparcel in Innsbrook Corporate Center, Richmond MSA.
      4020 Cox Road, Glen Allen, VA, 23060
      View Details
    • $3,800,000

      Prime Development Land in Short Pump

      2.37-acre site with M-1C zoning in Short Pump area.
      4150 Tom Leonard Dr, Short Pump, VA 23060
      View Details
    • Contact for pricing
      38,393 SF

      Glen Allen Office Building For Sale

      Class A office building with flexible options for sale/lease.
      4851 Cox Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing

      ALDI NNN Lease Investment Opportunity

      NNN lease investment opportunity with ALDI in Glen Allen, VA.
      10310 Washington Hwy, Glen Allen, VA 23059
      View Details
    • $1,750,000

      Commercial Land Near Retailers

      1.52 acre commercial land for sale in Short Pump.
      4150 Tom Leonard Drive, Glen Allen, VA 23060
      View Details
    • Contact for pricing

      Glen Allen Pad Site Available

      Pad site in mixed-use development with high visibility and accessibility.
      9002 Brook Rd | Glen Allen, VA 23060
      View Details

    FAQs

    What type of property is this?
    Land - 1.5-acre parcel in Short Pump area with development potential.
    Where is this land located?
    The property is located at 12701 Kain Rd Glen Allen, VA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1.5‑acre parcel in the Short Pump area; Convenient access to major roads, shopping, and dining; Enjoy space and privacy on this large lot
    (804) 241-5197
    We can help!
    Listing Contact
    Melissa Reed
    Real Estate License ID: 0225076417
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!