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    5402-5488 Broad Street Rd Richmond, VA 23226

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    For Lease
    Contact for pricing

    Richmond, VA: Prime Retail Space Available

    Lot size:
    418,429 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Willow Place, a premier retail center located at 5402-5488 West Broad Street in Richmond, Virginia (zip code 23226), offers exceptional leasing opportunities. This vibrant center boasts a total of 418,429 square feet across five suites, situated on a generous 8.96-acre lot in Richmond County. The property is categorized as a commercial outparcel/pad, providing excellent visibility and accessibility. Multiple tenancy options are available, with spaces ranging from a minimum divisible size of 1,712 square feet to a maximum contiguous space of 9,310 square feet. Currently, there are 19,262 square feet of vacant space ready for immediate occupancy, presenting a unique chance for businesses to establish a strong presence in this thriving retail location. The property's strategic location on West Broad Street ensures high traffic volume and exposure to a large customer base. This is an exceptional opportunity for businesses seeking a well-established retail space in a prime Richmond location. The property's size and layout offer flexibility for a variety of retail concepts, making it an ideal investment for both established businesses and new ventures. Contact us today to learn more about the available spaces and explore the possibilities of establishing your business at Willow Place.

    Property Features for 5402-5488 Broad Street Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    418,429 SF

    Unit(s) available at that property

    Space
    Suite 5420
    Size
    1,712 SF
    Space
    Available Space
    Size
    9,310 SF
    Space
    Suite 5452
    Size
    1,280 SF
    Space
    Suite 5450
    Size
    1,360 SF
    Space
    Suite 5446
    Size
    5,600 SF

    HighLights

    • Redevelopment underway.
    • Pre‑leasing opportunities available now.
    • Development site opportunities available.
    • 5,600 SF junior anchor space available.
    • 1,280‑2,640 SF inline and endcap spaces available.
    • Willow Lawn, Midtown Market location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond county
    State
    Virginia
    Longitude
    -77.5218127
    Latitude
    37.5735567

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    FAQs

    What type of property is this?
    Individual retail property - Richmond, VA: Prime Retail Space Available
    Where is this individual retail property located?
    The property is located at 5402-5488 Broad Street Rd Richmond, VA.
    What are key features of this property?
    This property features: Redevelopment underway.; Pre-leasing opportunities available now.; Development site opportunities available.
    Request Owner's contact information
    5402-5488 Broad Street Rd Richmond, VA 23226
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    Richmond, VA 23226
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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
    5402-5488 Broad Street Rd Richmond, VA 23226
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