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    Property profile & analytics

    9214 Quioccasin Rd Richmond, VA 23229

    • Commercial real estate
    • 1.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0890473
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9214 Quioccasin Rd

    Lot size
    1.63 lot acres
    Property type
    Commercial real estate
    APN
    750-746-3624 & 750-746-3104

    Description

    This exceptional 1.634-acre parcel in Henrico County's West End, Virginia, presents a prime development opportunity. The property, located at 9214 Quioccasin Rd, Richmond, VA 23229 (APN: 750-746-3624 & 750-746-3104), is zoned R-6 & O-1C, allowing for both residential and commercial development. Site plans are approved for up to 20 townhouse lots, with utility easements recorded and wetland/stream credits already secured, ensuring a streamlined development process. The site includes a commercially-zoned parcel with an existing single-tenant office building. This infill development opportunity is minutes from the recently redeveloped Regency mall, providing convenient access to retail, dining, and entertainment. The area boasts strong schools, healthcare access, and robust economic growth, promising high yield returns. Proximity to Deep Run Park and other recreational facilities enhances the desirability of the residential component. Importantly, this project qualifies as an Opportunity Zone, offering significant tax incentives. Municipal water is available at the street. Begin construction immediately and capitalize on the area's strong market demand. This is a rare chance to develop in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.576759
    Latitude
    37.608001

    Comparable in this City

    • Contact for pricing
      Pending

      Residential Lot in Henrico, VA

      Residential lot available in Henrico, Virginia.
      Midway Rd, Richmond, VA 23229
      View Details
    • $650,000

      51.28 Acres Commercial Land Available

      Commercial land with easy access to I-295.
      100 E Parham Rd, Richmond, VA 23229
      View Details
    • $2,300,000
      11,654 SF

      Medical/Office Building For Sale

      11,654 SF medical/office building on 1.07 AC for sale.
      8917 Fargo Rd, Richmond, VA 23229
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Residential Lot in Henrico, VA

      Residential lot available in Henrico, Virginia.
      Midway Rd, Richmond, VA 23229
      View Details
    • $650,000

      51.28 Acres Commercial Land Available

      Commercial land with easy access to I-295.
      100 E Parham Rd, Richmond, VA 23229
      View Details
    • $2,300,000
      11,654 SF

      Medical/Office Building For Sale

      11,654 SF medical/office building on 1.07 AC for sale.
      8917 Fargo Rd, Richmond, VA 23229
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Neighborhood Shopping Center Retail Space

      Retail space in renovated neighborhood shopping center near Regency Mall.
      9101-9115 Quioccasin Rd, Richmond, VA 23229
      View Details
    • Contact for pricing
      6,774 SF

      Medical Office Space Available

      Medical office building in desirable Richmond location, suites available.
      6900 Forest Ave, Richmond, VA 23229
      View Details
    • $18 SF/Yr
      1,260 SF

      Professional Office Space Available

      Office spaces for lease with diverse floorplans and ample parking.
      2800 N Parham Rd, Richmond, VA 23229
      View Details
    • $24 SF/Yr
      1,639 SF

      Office Space in Forest Office Park

      Office space available for lease in Richmond, VA.
      8003 Franklin Farms Dr, Richmond, VA 23229
      View Details
    • Contact for pricing
      4,121 SF

      Well-Maintained Office Space For Rent

      Conveniently located office space with ample parking and nearby amenities.
      8814 Fargo Rd, Richmond, VA 23229
      View Details
    • Contact for pricing
      6,622 SF

      Medical Office Space for Rent

      Medical office space available on Henrico Doctors Hospital campus.
      7611 Forest Ave, Richmond, VA 23229
      View Details
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    9214 Quioccasin Rd
    Richmond, VA 23229
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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