Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hanover Square Retail Space Title is generated by Realmo AI

    Bell Creek Rd & Mechanicsville Tpke, Mechanicsville, VA 23111

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prominent retail location in Hanover Square shopping center.

    Added:
    Nov 25, 2025
    Days on Market:
    174
    Last Refresh:
    Apr 6 at 1:15 am

    Property Features for Bell Creek Rd & Mechanicsville Tpke

    General Information

    Standard status
    Active

    Spaces For Lease

    at Bell Creek Rd & Mechanicsville Tpke Contact us

    We can help!

    Listing Contact
    Christina Mayhugh
    Christina Mayhugh

    Listing agent Christina Mayhugh

    Listing office The Shopping Center Group | Richmond

    Listing date Nov 25, 2025

    Source Tscg

    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 The Shopping Center Group | Richmond

    HighLights

    • Prominent location at entrance of Hanover Square, the dominant shopping center in the trade area.
    • Excellent visibility to Bell Creek Rd, just off US Route 360 (Mechanicsville Tpke).
    • High traffic counts: 50,000 AADT on Mechanicsville Tpke and 14,000 AADT on Bell Creek Road.
    • Complementary tenant mix including Planet Fitness, Starbuck's, Noodles & Company, FedEx Office, and The Original Mattress Factory.
    • Neighboring anchors: Target, BJ's Wholesale & The Home Depot.
    • Available space: 12,288 SF.

    Overview

    Located at the entrance of Hanover Square, a dominant shopping center in the trade area, this retail space offers 12,288 square feet. The property benefits from a complementary tenant mix, including Planet Fitness, Starbucks, Noodles & Company, FedEx Office, and The Original Mattress Factory. It features excellent visibility to Bell Creek Road, situated just off of US Route 360 (Mechanicsville Turnpike). Neighboring anchor stores include Target, BJ's Wholesale, and The Home Depot. The location benefits from significant traffic counts, with approximately 50,000 AADT on Mechanicsville Turnpike and 14,000 AADT on Bell Creek Road. The property is located in Mechanicsville, VA.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Mechanicsville
    County
    Hanover
    State
    Virginia
    Longitude
    -77.2585
    Latitude
    37.634

    Nearby Similar for Lease

    • $3,952/Mo
      2,156-2,156 SF

      Mechanicsville Commercial Space Available

      Lease available August 1st, featuring 9 offices and ample parking.
      9207 Chamberlayne RD, Mechanicsville, VA 23116
      View Details
    • $40 SF/Yr
      5,019 SF

      Freestanding Restaurant Building For Rent

      Freestanding 5,019 SF restaurant on 1.49 acres.
      7425 Bell Creek Road, Mechanicsville, VA, 23111
      View Details
    • $19 SF/Yr
      3,700 SF

      Second Floor Office Space Available

      3,700 SF office space with abundant natural light.
      8220 Windmill Watch Drive, Mechanicsville, VA, 23116
      View Details
    • Contact for pricing
      6,843 SF

      Mechanicsville Turnpike Retail Spaces

      Three retail spaces for lease with flexible floor plans.
      7124 Mechanicsville Turnpike, Mechanicsville, VA 23111
      View Details
    • $22 SF/Yr
      6,843 SF

      Mechanicsville Turnpike Retail Spaces

      Retail spaces for lease with modern design and ample parking.
      7130-7154 Mechanicsville Tpke, Mechanicsville, VA
      View Details
    • Contact for pricing
      2,640 SF

      Mechanicsville Office/Medical Space Available

      Office/medical space available for lease in Mechanicsville, Virginia.
      8152 Pleasant Grove Rd, Mechanicsville, VA 23116
      View Details
    • Contact for pricing

      Retail Space Near Hospital

      New retail construction anchored by Dunkin', drive-through, high visibility.
      8257 Meadowbridge Road | Mechanicsville, VA 23116
      View Details
    • $12 SF/Yr
      1,250 SF

      Retail Space on Stonewall Parkway

      Retail space available for lease in Mechanicsville, Virginia.
      7183-7237 Stonewall Pkwy, Mechanicsville, VA
      View Details
    • Contact for pricing

      Retail Space in Grocery Center

      Highly visible retail spaces in a grocery-anchored shopping center.
      6104 Brashier Boulevard, Mechanicsville, VA 23111
      View Details
    • $15 SF/Yr
      4,800 SF

      Retail Space in Excellent Condition

      4,800 SF retail space for lease, fully built-out.
      9555 Kings Charter Dr, Mechanicsville, VA
      View Details
    • $15 SF/Yr
      4,876 SF

      Mechanicsville Flex Space Available

      Flex space featuring dock-height loading and professional office layout.
      8406 Meadowbridge Rd, Mechanicsville, VA
      View Details
    • Contact for pricing
      1,225 SF

      Retail Space Near Kroger

      Retail space available, shadow-anchored by Kroger.
      6104 Mechanicsville Tpke, Mechanicsville, VA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Prominent retail location in Hanover Square shopping center.
    Where is this shopping center located?
    The property is located at Bell Creek Rd & Mechanicsville Tpke Mechanicsville, VA.
    What are key features of this property?
    This property features: Prominent location at entrance of Hanover Square, the dominant shopping center in the trade area.; Excellent visibility to Bell Creek Rd, just off US Route 360 (Mechanicsville Tpke).; High traffic counts: 50,000 AADT on Mechanicsville Tpke and 14,000 AADT on Bell Creek Road.
    (804) 673-1100
    We can help!
    Listing Contact
    Christina Mayhugh
    Christina Mayhugh
    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
    Bell Creek Rd & Mechanicsville Tpke, Mechanicsville, VA 23111
    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!