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    Property profile & analytics

    7901 Brk Rd Richmond, VA 23227-1336

    • Retail space
    • 204,358 SF
    • 25.99 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0754667
    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

    • Retail space

    Property Details for 7901 Brk Rd

    Year built
    1997
    Lot size
    25.99 lot acres
    Property size
    204,358 SF
    Zone code
    B-3
    Property type
    Retail space
    APN
    784-755-9033
    APU
    7847559033

    Description

    This exceptional 0.6-acre commercial land parcel presents a unique development opportunity in a high-traffic location. Situated at the Parham Road exit of I-95, this property enjoys unparalleled visibility and accessibility. The land is located directly in front of a thriving power center anchored by Lowe's and Kroger, ensuring consistent high foot traffic and strong consumer presence. This is the last remaining outparcel in the project, making it a truly rare find. The site benefits from its position across the drive aisle from a high-volume Starbucks, further enhancing its desirability and potential for success. The property's location offers significant advantages for businesses seeking high visibility and convenient access for customers. With an impressive 34,000 average annual daily traffic count on Parham Road, this parcel is ideally positioned to capitalize on the substantial consumer traffic generated by the surrounding retail establishments. The asking price for this exceptional commercial land is $250,000. This is a prime opportunity to establish a successful business in a highly sought-after location within Henrico County, Virginia, at 7901 Brook Road, Richmond, VA 23227. Don't miss this chance to secure this last remaining outparcel in a thriving retail environment.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4569
    Latitude
    37.6316
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $149,782
    $6,133,900
    $11,912,100
    $18,046,000
    -
    $6,133,900
    $11,912,100
    $18,046,000

    Comparable in this City

    • Value Estimation by Request
      6,777 SF

      7216 Brk Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,777 SF
      7216 Brk Rd, Richmond, VA 23227-2250
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    • Value Estimation by Request
      145,380 SF

      8001 Brk Rd

      RETAIL STORES (PERSONAL SERVICES) • 145,380 SF
      8001 Brk Rd, Richmond, VA 23227-1305
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    • Value Estimation by Request
      62,271 SF

      7951 Brk Rd

      RETAIL STORES (PERSONAL SERVICES) • 62,271 SF
      7951 Brk Rd, Richmond, VA 23227-1336
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    • Value Estimation by Request
      5,360 SF

      7051 Brk Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,360 SF
      7051 Brk Rd, Richmond, VA 23227-2247
      View Details
    • Value Estimation
      $375,000
      1,233 SF

      7109 Brk Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,233 SF
      7109 Brk Rd, Richmond, VA 23227-2248
      View Details
    • Value Estimation
      $225,000
      2,484 SF

      7501 Brk Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,484 SF
      7501 Brk Rd, Richmond, VA 23227-1856
      View Details

    Similar Nearby for Sale

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      1.68 AC of land for retail, flex, or office.
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      58,000 SF

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    Similar Nearby for Lease

    • $1,245,000
      4,280 SF

      Retail Space on Chamberlayne Road

      Retail space for rent with frontage on Chamberlayne Road.
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      Retail space available in highly visible strip center.
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      41,117 SF

      Freestanding Retail Building on 6.24 Acres

      41,117 SF former Walmart, excellent location and visibility.
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      1,400 SF

      Retail Space in Brookside Center

      Retail space available in Henrico County shopping center.
      7601 Brook Rd, Richmond, VA 23227
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      6,930 SF

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      Retail shop space for lease in Richmond's Northside.
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    • Contact for pricing
      1,250 SF

      Retail Space on Brook Road

      Well-maintained retail space with high visibility and easy highway access.
      5936-5948 Brook Rd, Richmond, VA 23227
      View Details
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    7901 Brk Rd
    Richmond, VA 23227-1336
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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.

    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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