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    8000 Buford Ct Richmond, VA 23235

    Sponsored
    For Lease
    Contact for pricing

    Richmond, VA Retail Opportunity: 8,400 SF Available

    Lot size:
    42,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Buford Court Commons, located at 8000 Buford Ct in Richmond, Virginia (zip code 23235), offers a prime retail investment opportunity. This vibrant shopping center comprises two single-story buildings totaling 42,800 square feet, encompassing nine suites. Currently, 8,400 square feet of retail space is available, with individual suites ranging from 1,200 to 3,600 square feet. The property sits on 6.6 acres of land and was built in 1989. The center benefits from its location in Chesterfield County, near the intersection of Buford Road and Midlothian Turnpike, a high-traffic area boasting an average daily traffic count of 58,000 vehicles. A significant anchor tenant, Food Lion, recently renewed its lease for an additional ten years, demonstrating strong performance in the Bon Air submarket. New ownership is actively undertaking renovations and offering attractive lease terms to prospective tenants. Furthermore, outparcel opportunities exist for build-to-suit development adjacent to the existing retail spaces. This property presents a compelling opportunity for businesses seeking high visibility and access to a substantial customer base in a thriving retail environment. Ample parking is available for customer convenience.

    Property Features for 8000 Buford Ct

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,800 SF

    Building Details

    Year Built
    1989
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    9
    Size
    3,600 SF
    Space
    6
    Size
    1,200 SF
    Space
    8
    Size
    1,200 SF
    Space
    5
    Size
    1,200 SF
    Space
    7
    Size
    1,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Richmond
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5446871
    Latitude
    37.5009196

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    FAQs

    What type of property is this?
    Retail property - Richmond, VA Retail Opportunity: 8,400 SF Available
    Where is this retail property located?
    The property is located at 8000 Buford Ct Richmond, VA.
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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
    8000 Buford Ct Richmond, VA 23235
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