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

    2617 Anderson Hwy Powhatan, VA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces and outparcels available in Flat Rock.

    Type:RETAIL
    Property size:
    19,000 SF
    Lot size:
    1.24 Acres
    Added:
    Jan 27, 2023
    Days on Market:
    1188
    Last Refresh:
    Apr 5 at 10:17 pm

    Property Features for 2617 Anderson Hwy

    General Information

    Standard status
    Active
    Size
    19,000 SF
    Lot size
    1.24 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2617 Anderson Hwy Contact us

    We can help!

    Listing Contact
    Chuck Ellsworth

    Listing agent Chuck Ellsworth

    Listing office The Wilton Companies

    Listing date Jan 27, 2023

    Source Moodyscre

    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 The Wilton Companies

    Overview

    Flat Rock Retail Opportunity

    Located on Route 60 (Anderson Highway) in Powhatan County, Wilton Square at Flat Rock offers multiple ground lease and build-to-suit opportunities. The property has a size of 19000 square feet. Water and sewer utilities were installed in 2010. The location offers proximity to shopping, food, and banking services. Outparcels are available.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Dental Office Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Food Lion, 2105 Academy Rd, Powhatan, VA 23139
    • Powhatan Plaza — Academy Rd #2105, Macon, VA 23139
    • Coin Cloud Bitcoin ATM — 3440 Anderson Hwy, Powhatan, VA 23139

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.8279
    Latitude
    37.5231

    Nearby Similar for Lease

    • $21 SF/Yr

      Office Space in Maxey Center

      Well-located retail and service hub with office space.
      3452 Anderson Highway, Powhatan, VA, 23139
      View Details
    • Contact for pricing

      Office Suites in Powhatan Retail

      Office suites for lease in Powhatan retail submarket.
      2560 Anderson Hwy, Powhatan, VA 23139
      View Details
    • Contact for pricing

      Office Space on High-Traffic Corner

      2,600 SF office space in growing Powhatan submarket.
      17650 Midlothian Tpke, Powhatan, VA 23113
      View Details
    • Contact for pricing

      Restaurant Space in Powhatan Center

      3,000 SF former restaurant space in shopping center.
      1800 South Creek One, Powhatan, VA, 23139
      View Details
    • Contact for pricing

      Retail Building in Oakbridge Office

      2,991 SF retail building for lease in Powhatan, VA.
      1417 Anderson Hwy, Powhatan, VA 23113
      View Details
    • Contact for pricing

      Retail Building in Powhatan, VA

      4,000 SF retail building suitable for gym or studio.
      2562 Anderson Highway, Powhatan, VA 23139
      View Details
    • $1,950/Mo

      Office Space with Private Bathroom

      Open concept office space available for rent in Powhatan.
      1664 Anderson Hwy, Powhatan, VA
      View Details
    • $2,300/Mo

      Office Space in Powhatan

      Office space with efficient floor plan and kitchenette for rent.
      2442 New Dorset Cir, Powhatan, VA
      View Details
    • Contact for pricing

      Medical/General Office Space Available

      Office space for rent, convenient location, ample parking.
      3229 Anderson Hwy, Powhatan, VA
      View Details
    • Contact for pricing

      Warehouse Space For Rent

      24,000 SF warehouse space available for rent.
      1355 Anderson Hwy, Powhatan, VA 23139
      View Details
    • Contact for pricing

      Office Suites in Powhatan Location

      Office suites for lease in a high-traffic Powhatan location.
      2560 Anderson Hwy, Powhatan, VA 23139
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces and outparcels available in Flat Rock.
    Where is this shopping center located?
    The property is located at 2617 Anderson Hwy Powhatan, VA.
    What are key features of this property?
    This property features: Multiple ground lease and build to suit opportunities; Located on Route 60 (Anderson Highway) in the heart of Flat Rock, Powhatan County; Good traffic counts
    (804) 741-7368 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chuck Ellsworth
    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!