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    5409 Brook Rd Richmond, VA 23227

    Sponsored
    For Sale
    $585,000

    1.55-acre lot, ideal for retail/flex development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1.55-acre parcel of land, located at 5409 Brook Road in Richmond, Virginia (zip code 23227), presents a prime opportunity for retail or flex development. The property is situated in Henrico County and boasts a B-3 zoning designation. The land has already undergone rough grading, significantly reducing site preparation costs and expediting the development process. The asking price for this exceptional property is $585,000. Its convenient location in Richmond offers excellent access to major transportation routes and a thriving consumer base, making it an attractive investment for developers seeking a high-return project. The property's size and zoning allow for a variety of development options, catering to diverse business needs. This is a rare opportunity to acquire a ready-to-develop site in a desirable location, offering significant potential for future growth and profitability. Serious inquiries are encouraged.

    Property Features for 5409 Brook Rd

    General Information

    Property type
    Land
    Lot Size
    67,518 SF

    HighLights

    • 1.55‑acre parcel in Richmond, VA (23227) ideal for retail or flex development.
    • B‑3 zoning in Henrico County.
    • Rough grading complete, minimizing site prep costs.
    • $585,000 asking price.
    • Excellent access to major transportation routes and strong consumer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.456872403228
    Latitude
    37.616280119433

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    FAQs

    What type of property is this?
    Land - 1.55-acre lot, ideal for retail/flex development.
    Where is this land located?
    The property is located at 5409 Brook Rd Richmond, VA.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: 1.55-acre parcel in Richmond, VA (23227) ideal for retail or flex development.; B-3 zoning in Henrico County.; Rough grading complete, minimizing site prep costs.
    Request Owner's contact information
    5409 Brook Rd Richmond, VA 23227
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    Richmond, VA 23227
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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
    5409 Brook Rd Richmond, VA 23227
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