Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5.5 Acres on Woolridge Road Title is generated by Realmo AI

    5301 Woolridge Rd, Midlothian, VA 23120

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    5.5 acres available, excellent visibility, ideal for neighborhood center.

    Type:Retail, Office, Land
    Lot size:
    5.50 Acres
    Added:
    Dec 8, 2022
    Days on Market:
    1275
    Last Refresh:
    May 12 at 11:55 pm

    Property Features for 5301 Woolridge Rd

    General Information

    Standard status
    Active
    Lot size
    5.50 Acres
    Property subtype
    Retail, Office, Land

    We can help!

    Listing Contact
    Jeff Doxey

    Listing agent Jeff Doxey License #0225230580

    Listing office NAI Dominion Richmond

    Listing date Dec 8, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Dominion Richmond

    HighLights

    • 5.5 acres available, offering ample space.
    • Excellent visibility to Woolridge Road, ensuring high exposure.
    • Ideal for neighborhood center development.
    • Utilities available, simplifying the building process.
    • Great neighborhoods surround the location.
    • Benefit from great schools in the area.

    Overview

    This property features 5.5 acres of commercial land available for sale. It is suitable for commercial real estate, retail properties, office spaces, and other retail and office property uses. The site benefits from excellent visibility on Woolridge Road and is ideal for a neighborhood center. Utilities are available. The location is noted for its great neighborhoods and schools.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.7855
    Latitude
    37.4067

    Nearby Similar for Sale

    • $2,500,000

      Prime Redevelopment Land in Midlothian

      3.38-acre assemblage for mixed-use development in Chesterfield County.
      13844 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • $329,950

      Midlothian Land Parcel For Sale

      2.61 acre commercial land parcel in Nuttree Executive Center.
      2800 Fox Chase Ln, Midlothian, VA 23112
      View Details
    • $610,000
      2,544 SF

      Office Unit in Harbour Park

      Office unit for sale with 2544 square feet.
      5925 Harbour Park Dr, Midlothian, VA 23112
      View Details
    • $550,000

      Residential Lot in Established Neighborhood

      1.08-acre cleared lot ready for custom home construction.
      3512 ROBIOUS CROSSING DR, MIDLOTHIAN, VA 23113
      View Details
    • $100,000

      Versatile Land in Growing Area

      Land with residential and commercial potential in Midlothian, Virginia.
      8353 Hull Street Road, Midlothian, VA 23235
      View Details
    • Contact for pricing
      3,978 SF

      Medical Office Building in Midlothian

      3,978 SF medical office building for sale in Midlothian.
      14404 Sommerville Ct, Midlothian, VA 23113
      View Details
    • $1,300,000
      8,995 SF

      Waterfront Office Building For Sale

      8,995 SF waterfront office building, investment or owner-occupant opportunity.
      14700 Village Square Pl, Midlothian, VA
      View Details
    • $950,000
      5,000 SF

      Restaurant Pad Near High-Traffic Interchange

      1.9-acre restaurant pad in high-traffic retail area.
      12850 Hull Street Road, Midlothian, VA 23112
      View Details
    • $383,000
      1,224 SF

      Office Building in Chesterfield County

      Office building for sale in Midlothian, Chesterfield County.
      Midlothian, VA 23113
      View Details
    • $495,000

      Koger Center Blvd Pad Site

      Pad site with high visibility on Koger Center Blvd.
      1210 Koger Center Blvd., Midlothian, VA 23112
      View Details
    • $495,000

      Koger Center Blvd Pad Site

      Pad site with high visibility on Koger Center Blvd.
      1210 Koger Center Blvd., Midlothian, VA 23112
      View Details
    • $1,100,000
      3,978 SF

      Midlothian Medical/Office Property For Sale

      Located in the heart of Midlothian near medical facilities.
      14404 Sommerville Ct, Midlothian, VA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.5 acres available, excellent visibility, ideal for neighborhood center.
    Where is this commercial land located?
    The property is located at 5301 Woolridge Rd Midlothian, VA.
    What are key features of this property?
    This property features: 5.5 acres available, offering ample space.; Excellent visibility to Woolridge Road, ensuring high exposure.; Ideal for neighborhood center development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Doxey
    Real Estate License ID: 0225230580
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5301 Woolridge Rd, Midlothian, VA 23120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!