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    4150 Tom Leonard Dr Glen Allen, VA 23060

    Sponsored
    For Sale
    $1,750,000

    1.52 Acres, $1.75M, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.52-acre commercial land parcel presents a remarkable investment opportunity in the thriving Short Pump area of Glen Allen, Virginia. Located at 4150 Tom Leonard Drive, zip code 23060, this M-1 zoned property boasts unparalleled visibility and accessibility. Its strategic location directly adjacent to Tom Leonard's Farmer's Market ensures high foot traffic and brand recognition. The property is also situated across from West Broad Village, a bustling retail center, and enjoys convenient access to Interstate 64 via nearby highway exits. This prime location is surrounded by a concentration of major grocery stores including Whole Foods, Trader Joe's, Fresh Market, Publix, Kroger, Lidl, and Aldi, creating a dense and desirable retail environment. The asking price is $1,750,000, translating to approximately $1,151,316 per acre. This represents a significant opportunity for developers seeking to capitalize on the area's robust commercial growth and strong consumer base. The property's size and zoning make it ideal for a variety of commercial retail developments. Don't miss this chance to secure a premier location in one of Richmond's most sought-after commercial districts.

    Property Features for 4150 Tom Leonard Dr

    General Information

    Property type
    Land
    Lot Size
    66,211 SF

    HighLights

    • 1.52‑acre commercial lot in Short Pump, Glen Allen, VA (23060) adjacent to Tom Leonard's Farmer's Market.
    • Across from West Broad Village retail center.
    • High visibility from I‑64 with convenient highway access.
    • Surrounded by major grocery stores including Whole Foods, Trader Joe's, Fresh Market, Publix, Kroger, Lidl, and Aldi.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tom Leonard's Farmer's ... Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5992368
    Latitude
    37.651813

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    FAQs

    What type of property is this?
    Land - 1.52 Acres, $1.75M, High Visibility
    Where is this land located?
    The property is located at 4150 Tom Leonard Dr Glen Allen, VA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 1.52-acre commercial lot in Short Pump, Glen Allen, VA (23060) adjacent to Tom Leonard's Farmer's Market.; Across from West Broad Village retail center.; High visibility from I-64 with convenient highway access.
    (804) 513-6162
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    4150 Tom Leonard Dr Glen Allen, VA 23060
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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
    4150 Tom Leonard Dr Glen Allen, VA 23060
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