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    7101 Forest Hill Ave Richmond, VA 23225

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    For Lease
    Contact for pricing

    Richmond, VA Strip Center - 54,500 SF

    Lot size:
    54,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Shops at Stratford Hills, a Class A retail strip center, presents a unique investment opportunity in Richmond, Virginia. Located at 7101 & 7045 Forest Hill Avenue in Chesterfield County (zip code 23225), this 54,500 square foot property boasts 12 suites, currently offering 11 available spaces. Built in 1995, the center provides a range of sizes, accommodating businesses needing anywhere from 1,100 square feet to a maximum contiguous space of 30,000 square feet. The property's strategic location offers excellent visibility and accessibility, benefiting from its proximity to established anchors such as Publix and Target. This presents a compelling opportunity for businesses seeking high-traffic locations within a thriving retail environment. The entire center is currently vacant, providing a blank canvas for a new tenant mix or a complete redevelopment. The property is classified as a multi-tenant strip center, ideal for a variety of retail and restaurant concepts. This is a rare chance to acquire a significant retail presence in a desirable Richmond market. The property's size and layout offer flexibility for a diverse range of tenants, making it an attractive investment for both individual businesses and larger portfolios. Contact us today to learn more about this exceptional opportunity.

    Property Features for 7101 Forest Hill Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,500 SF
    Class
    A

    Building Details

    Year Built
    1995

    Unit(s) available at that property

    Space
    Suite 3
    Size
    1,100 SF
    Space
    Suite 4
    Size
    1,600 SF
    Space
    Suite 5
    Size
    1,100 SF
    Space
    Suite 6
    Size
    1,500 SF
    Space
    Available Space 8
    Size
    11,000 SF
    Space
    Out Parcel 2
    Size
    0 SF
    Space
    Suite 7
    Size
    30,000 SF
    Space
    Out parcel
    Size
    0 SF
    Space
    Available Space
    Size
    5,100 SF
    Space
    Available Space 9
    Size
    1,600 SF
    Space
    Available Space 10
    Size
    1,100 SF

    HighLights

    • Class A, 54,500 SF retail strip center in Richmond, VA.
    • Located at 7101 & 7045 Forest Hill Ave, Chesterfield County (23225).
    • 12 suites totaling 54,500 SF, with 11 available spaces ranging from 1,100 SF to 30,000 SF contiguous.
    • Excellent visibility and accessibility, near Publix and Target.
    • Outparcels available on Forest Hill Avenue.
    • Pylon signage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Domino's Pizza Pizza Delivery Bella Nails Nail Salon Sport Clips Haircuts ... Hair Salon pOpshelf Variety Store

    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
    Chesterfield
    State
    Virginia
    Longitude
    -77.5272238
    Latitude
    37.5344594

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    FAQs

    What type of property is this?
    Neighborhood center - Richmond, VA Strip Center - 54,500 SF
    Where is this neighborhood center located?
    The property is located at 7101 Forest Hill Ave Richmond, VA.
    What are key features of this property?
    This property features: Class A, 54,500 SF retail strip center in Richmond, VA.; Located at 7101 & 7045 Forest Hill Ave, Chesterfield County (23225).; 12 suites totaling 54,500 SF, with 11 available spaces ranging from 1,100 SF to 30,000 SF contiguous.
    Request Owner's contact information
    7101 Forest Hill Ave Richmond, VA 23225
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    Richmond, VA 23225
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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
    7101 Forest Hill Ave Richmond, VA 23225
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