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Property profile & analytics
OFF-MARKET
Commercial real estate

4712 Nine Mile Rd Richmond, VA 23223

1.96 ac lot
Entity Owned 3-yr Hold
Property ID
US87-0833640
Property summary
AI-generated overview

This exceptional 1.96-acre development site, located at 4712 & 4716 Nine Mile Road in Richmond, Virginia (zip code 23223), presents a unique investment opportunity. The property boasts a prime location with excellent visibility and high traffic counts. Zoned B3, B3C, R3 & R4, this versatile land parcel allows for a range of commercial and residential development possibilities. The site is strategically situated just one mile from the I-64 interchange, easily accessible via two access points on Nine Mile Road (Exit 193) and South Laburnum Avenue (Exit 195). Nine Mile Road sees 24,000 vehicles per day, while North Laburnum Avenue experiences 25,000 vehicles per day, ensuring significant exposure for any development. The area is further enhanced by the presence of numerous established retailers, including Walmart, Dunkin', Dollar Tree, 7-Eleven, MedExpress Urgent Care, Chick-fil-A, McDonald's, and Bojangles, creating a thriving commercial environment. This property offers significant potential for developers seeking a high-traffic location with diverse zoning options in a rapidly growing area of Henrico County. The asking price for this exceptional development opportunity is $699,000.

Property profile
Verified
Property type Commercial real estate
Lot 1.96 ac (85,378 SF)
UPID US87-0833640
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Goldstar Business Services INC · 3 yrs held
Goldstar Business Services INC
since 2023
1 recorded transaction
2023
$127,172
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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