Retail Building with Substantial
2425 Chamberlayne Ave Richmond, VA 23222
For Sale
Contact for pricing
Retail property zoned B-3 with approximately 112.7 feet of frontage on Chamberlayne Ave.
Property Size3,000 SF
Price / SF$225
Days on Market1269
Property Features for 2425 Chamberlayne Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
RETAIL
Listing Agency:
Partner Commercial
(804) 536-4001
Listed By:
Yasmine Hamad · License #0226028968
Source:
Moodyscre
Added: Feb 7, 2023
Changed: Jul 28
Last Checked: Jul 29 at 3:52PM
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 Partner Commercial
Investment Insights
Based on property information with market context.
This for-sale retail property is zoned B-3 and offers approximately 112.7 feet of frontage, providing street-facing exposure for a variety of retail uses consistent with the zoning designation. The parcel is identified as N0000632018.
The property is located at 2425 Chamberlayne Ave in Richmond, VA 23222.
The available size is approximately 3,000 square feet.
The property is located at 2425 Chamberlayne Ave in Richmond, VA 23222.
The available size is approximately 3,000 square feet.
Key Highlights
- Retail property zoned B‑3
- Approximately 112.7' frontage on Chamberlayne Ave
- Parcel ID: N0000632018
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $17.04 |
| − Vacancy | −$4.3k | −$1.45 |
| EGI | $46.8k | $15.59 |
| − OpEx | −$14.0k | −$4.68 |
| NOI | $32.7k | $10.91 |
3,000 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$467.7K
$409.3K – $545.7K
NOI $32,742 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$693.1K
$606.5K – $808.6K
NOI $48,517 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail property zoned B-3 with approximately 112.7 feet of frontage on Chamberlayne Ave.
Where is this retail space located?
The property is located at 2425 Chamberlayne Ave Richmond, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Retail property zoned B‑3; Approximately 112.7' frontage on Chamberlayne Ave; Parcel ID: N0000632018
