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    4816 Laburnum Ave Richmond, VA 23231

    Sponsored
    For Lease
    Contact for pricing

    Richmond, VA Shopping Center Opportunity

    Lot size:
    109,405 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Laburnum Square, a vibrant 109,405 square foot shopping center in Richmond, Virginia, presents a compelling investment opportunity. Located at 4816 S Laburnum Ave, zip code 23231, this multi-tenant property sits on an 11.73-acre lot in Henrico County. Built in 1978, the center offers 575 parking spaces for ample customer convenience. Currently, there are 3,360 square feet of vacant space available, with two spaces ranging from 2,000 to 3,780 square feet. The property benefits from a high-traffic location at a signalized intersection of S. Laburnum Avenue (29,632 AADT) and Williamsburg Road (14,130 AADT), ensuring exceptional visibility and accessibility. A diverse tenant mix includes established national, regional, and local businesses such as Kroger, Dollar General, Taylor's Do it Center, Boost Mobile, Rent-A-Center, America's Best Wings, and Skrimp Shack, creating a strong and well-established retail environment. The center's impressive visit frequency of 5.72 demonstrates its enduring appeal and customer loyalty. This property offers a unique chance to capitalize on a thriving retail location with significant foot traffic and a proven track record of success. The available space provides an excellent opportunity for expansion or new business ventures within a well-established and successful shopping center.

    Property Features for 4816 Laburnum Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,405 SF

    Building Details

    Year Built
    1978

    Unit(s) available at that property

    Space
    Suite 4750A - Coming Available
    Size
    3,780 SF
    Space
    Suite 4752
    Size
    2,000 SF

    HighLights

    • High traffic counts: 34,000 AADT on S. Laburnum Avenue.
    • High traffic counts: 19,000 AADT on Williamsburg Road.
    • Excellent visibility and accessibility at a signalized intersection of S. Laburnum Avenue and Williamsburg Road.
    • Strong tenant mix including national (Kroger, Dollar General), regional, and local businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Redbox Movie Rental Kiosk Coinstar Kiosk | Bitcoin ... Atm Ria Money Transfer ... Money Transfer Service higi Health Consultant SunTrust ATM Atm

    Suggested Use

    Realty agency Restaurant 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
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.3518767
    Latitude
    37.5197758

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    FAQs

    What type of property is this?
    Lifestyle center - Richmond, VA Shopping Center Opportunity
    Where is this lifestyle center located?
    The property is located at 4816 Laburnum Ave Richmond, VA.
    What are key features of this property?
    This property features: High traffic counts: 34,000 AADT on S. Laburnum Avenue.; High traffic counts: 19,000 AADT on Williamsburg Road.; Excellent visibility and accessibility at a signalized intersection of S. Laburnum Avenue and Williamsburg Road.
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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
    4816 Laburnum Ave Richmond, VA 23231
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