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

    6468 Mechanicsville Turnpike Mechanicsville, VA 23111

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

    Outparcel adjacent to Kroger shopping center, utilities delivered.

    Type:Land
    Property size:
    1 SF
    Lot size:
    1.80 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    10
    Last Refresh:
    Mar 16 at 10:35 am

    Property Features for 6468 Mechanicsville Turnpike

    General Information

    Standard status
    Active
    Size
    1 SF
    Lot size
    1.80 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Wood Belcher

    Listing agent Wood Belcher

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Wood Belcher

    Overview

    Pad Ready Land For Sale

    An outparcel adjacent to a newly developed Kroger shopping center is available for sale. The site is delivered pad ready with utilities and features an off-site detention pond. The property is subject to Kroger’s restrictions and development standards. It has approximately 1.80 acres available with up to 9,800 buildable square feet. The Kroger opening is projected for Q2 2026. Traffic counts are approximately 31,500 ADT on Mechanicsville Turnpike and approximately 550 ADT on Compass Lane.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsville
    County
    Hanover
    State
    Virginia
    Longitude
    -77.334886
    Latitude
    37.613848

    Nearby Similar for Sale

    • $549,999

      Mechanicsville Land with Rancher

      20+ acres in Hanover County with existing brick rancher.
      4363 Sandy Valley Road, Mechanicsville, VA 23111
      View Details
    • $180,000

      Residential Land in Mechanicsville, VA

      1.04 acre lot suitable for building a home.
      10010 Cool Spring Road, Mechanicsville, VA 23116
      View Details
    • $787,999

      Mechanicsville Land For Sale

      Commercial land suitable for various business uses in Mechanicsville, VA.
      Fast Lane, Mechanicsville, VA 23111
      View Details
    • $875,000
      9,816 SF

      Mechanicsville Office Building For Sale

      Office building with upgrades, generator, storage, and ample parking.
      7309 Hanover Green Dr, Mechanicsville, VA
      View Details
    • $7,573,000
      14,550 SF

      Mechanicsville Retail Property For Sale

      Retail property with long-term lease and extension options.
      7039 Mechanicsville Tpke, Mechanicsville, VA
      View Details
    • $800,000

      Hanover, VA Acreage for Development

      10.62 acres in Hanover, VA, zoned for up to four homes.
      Verdi Ln, Hanover, VA 23111
      View Details
    • Contact for pricing

      Commercial Development Site on Chamberlayne

      2.4 acres, B-3 zoning, frontage on Chamberlayne Road.
      10019 Chamberlayne Road, Mechanicsville, VA 23116
      View Details
    • $787,999

      Mechanicsville Duplex-Style Properties For Sale

      Two duplex-style properties zoned for business and residential uses.
      7999 Fast Lane, Mechanicsville, Va USA, Mechanicsville, VA 23111
      View Details
    • $180,000

      Mechanicsville Land For Sale

      7.2 acre lot in Prospect Trace, Hanover County.
      7114 Prospect Church Road, Mechanicsville, VA 23111
      View Details
    • $1,275,000

      58 Acres Industrial Land Opportunity

      58 acres of M1-zoned land with I-295 access.
      Powhite Farm Dr, Mechanicsville, VA
      View Details
    • Contact for pricing
      1,685 SF

      Office with Garage and Storage

      Office space with garage and storage building near I-295.
      8133 Mechanicsville Tpke, Mechanicsville, VA
      View Details
    • Contact for pricing
      3,653 SF

      Mechanicsville Office Space For Sale

      Office property in Mechanicsville, constructed in 2006, M-1 zoning.
      7489 Right Flank Rd, Mechanicsville, VA
      View Details

    FAQs

    What type of property is this?
    Commercial land - Outparcel adjacent to Kroger shopping center, utilities delivered.
    Where is this commercial land located?
    The property is located at 6468 Mechanicsville Turnpike Mechanicsville, VA.
    What are key features of this property?
    This property features: Adjacent to a newly developed Kroger shopping center; Pad ready with utilities; High traffic count: **±31,500 ADT on Mechanicsville Turnpike**
    (804) 201-2026
    We can help!
    Listing Contact
    Wood Belcher
    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!