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    4712 Nine Mile Rd Richmond, VA 23223

    Sponsored
    For Sale
    $699,000

    1.96 Acres, High Traffic Area, Richmond, VA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.96-acre development site, located at 4712 & 4716 Nine Mile Road in Richmond, Virginia (zip code 23223), presents a unique investment opportunity. The property boasts a prime location with excellent visibility and high traffic counts. Zoned B3, B3C, R3 & R4, this versatile land parcel allows for a range of commercial and residential development possibilities. The site is strategically situated just one mile from the I-64 interchange, easily accessible via two access points on Nine Mile Road (Exit 193) and South Laburnum Avenue (Exit 195). Nine Mile Road sees 24,000 vehicles per day, while North Laburnum Avenue experiences 25,000 vehicles per day, ensuring significant exposure for any development. The area is further enhanced by the presence of numerous established retailers, including Walmart, Dunkin', Dollar Tree, 7-Eleven, MedExpress Urgent Care, Chick-fil-A, McDonald's, and Bojangles, creating a thriving commercial environment. This property offers significant potential for developers seeking a high-traffic location with diverse zoning options in a rapidly growing area of Henrico County. The asking price for this exceptional development opportunity is $699,000.

    Property Features for 4712 Nine Mile Rd

    General Information

    Property type
    Land
    Lot Size
    85,378 SF

    HighLights

    • One mile to I‑64 via two convenient access points.
    • High traffic counts: 24,000 VPD on Nine Mile Rd and 25,000 VPD on N Laburnum Ave.
    • Strong retail co‑tenancy including national brands like Walmart, Chick‑fil‑A, and McDonald's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.371562
    Latitude
    37.543944

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    FAQs

    What type of property is this?
    Land - 1.96 Acres, High Traffic Area, Richmond, VA
    Where is this land located?
    The property is located at 4712 Nine Mile Rd Richmond, VA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: One mile to I-64 via two convenient access points.; High traffic counts: 24,000 VPD on Nine Mile Rd and 25,000 VPD on N Laburnum Ave.; Strong retail co-tenancy including national brands like Walmart, Chick-fil-A, and McDonald's.
    (804) 320-7600
    Request Owner's contact information
    4712 Nine Mile Rd Richmond, VA 23223
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    Richmond, VA 23223
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    Realmo Value Estimation

    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.

    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.

    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
    4712 Nine Mile Rd Richmond, VA 23223
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