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    4716 Nine Mile Rd Richmond, VA 23223

    Sponsored
    For Lease
    $1.00 SF/Yr

    High-traffic location, build-to-suit opportunity.

    Lot size:
    87,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial and residential land parcel presents a unique development opportunity in the thriving Richmond, Henrico County market. Boasting an impressive 425 feet of road frontage on Virginia State Route 33 (Nine Mile Road), this property benefits from exceptionally high daily traffic counts exceeding 25,000 vehicles. Secondary access via N Laburnum Avenue provides additional exposure to over 26,000 daily vehicles. Strategic location offers easy access to major transportation arteries, situated just 1.5 miles from Interstate 64 and 4 miles from Interstate 295 and Richmond International Airport. The site's prime position across Laburnum Avenue from the Walmart-anchored Eastgate Town Center ensures high visibility and proximity to a robust retail environment. Nearby established businesses include Planet Fitness, McDonald's, Family Dollar, AutoZone, and Wells Fargo, further enhancing the property's desirability. This offering comprises two Henrico County tax parcels totaling approximately 1.96 acres (0.46 acres at 4716 Nine Mile Rd, Parcel ID: 810-723-1752 and 1.5 acres at 4712 Nine Mile Rd, Parcel ID: 810-723-2591). The property is available for ground lease, build-to-suit arrangements, or outright sale, providing flexibility to suit diverse development plans. This is an unparalleled chance to capitalize on a high-demand location with significant growth potential.

    Property Features for 4716 Nine Mile Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,120 SF

    Unit(s) available at that property

    Space
    Size
    87,120 SF
    Rate per SF
    $1.00

    HighLights

    • High‑traffic location in Richmond, Henrico County, VA, with 425 feet of road frontage on VA State Route 33 (Nine Mile Road) and secondary access off N Laburnum Avenue.
    • High daily traffic counts exceeding 25,000 vehicles on Route 33 and 26,000+ on N Laburnum Avenue.
    • Convenient access to Interstate 64 (1.5 miles) and Interstate 295/Richmond International Airport (4 miles).
    • Strategic location across from Walmart‑anchored Eastgate Town Center, near other national retailers.
    • Two tax parcels totaling approximately 1.96 acres (Parcel ID: 810‑723‑1752, 0.46 acres; Parcel ID: 810‑723‑2591, 1.5 acres).
    • Available for ground lease, build‑to‑suit, or sale.
    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
    Richmond City
    State
    Virginia
    Longitude
    -77.370922968584
    Latitude
    37.543593300289

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    FAQs

    What type of property is this?
    Land - High-traffic location, build-to-suit opportunity.
    Where is this land located?
    The property is located at 4716 Nine Mile Rd Richmond, VA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location in Richmond, Henrico County, VA, with 425 feet of road frontage on VA State Route 33 (Nine Mile Road) and secondary access off N Laburnum Avenue.; High daily traffic counts exceeding 25,000 vehicles on Route 33 and 26,000+ on N Laburnum Avenue.; Convenient access to Interstate 64 (1.5 miles) and Interstate 295/Richmond International Airport (4 miles).
    Request Owner's contact information
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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
    4716 Nine Mile Rd Richmond, VA 23223
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