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    4712 Nine Mile Rd Richmond, VA 23223

    Sponsored
    For Lease
    $65,000

    1.96 Acres, Richmond, VA - Prime Location

    Lot size:
    85,378 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.96-acre development site presents a unique opportunity in Richmond, Virginia. Located at 4712 & 4716 Nine Mile Road, this property boasts a prime location with convenient access to N Laburnum Avenue. The expansive lot offers significant potential for a variety of commercial and residential projects. The zoning designations, B3, B3C, R3, and R4, provide flexibility for diverse development plans. Situated in Henrico County, this land parcel offers a strategic advantage within a thriving market. The single tenancy status simplifies development considerations. Detailed site plans and feasibility studies can be conducted to explore the full range of development possibilities. This property is ideal for developers seeking a substantial land parcel in a high-growth area of Richmond. The 1.96-acre size allows for ample space to create a significant project. The address is easily accessible and visible from Nine Mile Road, offering excellent visibility for any future development. This is a rare opportunity to acquire a large, well-located parcel in a desirable area of Richmond, Virginia, with the potential for substantial returns. Further due diligence is encouraged to fully assess the development potential based on the zoning regulations and local development guidelines. The property's location in Henrico County provides access to various amenities and infrastructure. This is a truly remarkable opportunity for developers seeking a prime location for their next project.

    Property Features for 4712 Nine Mile Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    85,378 SF
    Total Rate
    65000

    Unit(s) available at that property

    Space
    Size
    85,378 SF
    Rate per SF
    $65,000

    HighLights

    • One mile to I‑64 via two convenient access points.
    • High traffic counts: 24,000 VPD on Nine Mile Rd and 25,000 VPD on N Laburnum Ave.
    • Strong retail co‑tenancy including national brands.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -77.371562
    Latitude
    37.543944

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    FAQs

    What type of property is this?
    Land - 1.96 Acres, Richmond, VA - Prime Location
    Where is this land located?
    The property is located at 4712 Nine Mile Rd Richmond, VA.
    What is the lease rate?
    The lease rate is $65,000.
    What are key features of this property?
    This property features: One mile to I-64 via two convenient access points.; High traffic counts: 24,000 VPD on Nine Mile Rd and 25,000 VPD on N Laburnum Ave.; Strong retail co-tenancy including national brands.
    Request Owner's contact information
    4712 Nine Mile Rd Richmond, VA 23223
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    Richmond, VA 23223
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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
    4712 Nine Mile Rd Richmond, VA 23223
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