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    9111 Midlothian Tpke Richmond, VA 23236
    Property profile & analytics

    9111 Midlothian Tpke, Richmond, VA 23236

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    • Retail properties & Spaces
    • 102,388 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sushi King / Restaurant
    • Glamour Nails / Nail Salon
    • Window World of Richmond / Roofing Company / General Contractor
    • FedEx Office Print & Ship Center / Courier Service / Postal Service
    • Shops At the Arboretum / Business Service Center / Corporate Office

    Property Details for 9111 Midlothian Tpke

    Property type
    Retail properties & Spaces
    Property subtype
    Storefront properties

    Description

    The Shops at the Arboretum, located at 9111 Midlothian Turnpike in Richmond, Virginia (zip code 23236), offers exceptional retail space for lease. This vibrant shopping center boasts a total of 102,388 square feet of retail space, with a C-5 zoning designation. Currently, there are multiple spaces available, ranging from a minimum of 3,430 square feet to a maximum contiguous space of 13,860 square feet. A total of 17,290 square feet is currently vacant and ready for immediate occupancy. The property is ideally situated in Chesterfield County, providing excellent access to a high-traffic area along Midlothian Turnpike. This location offers significant potential for businesses seeking high visibility and strong foot traffic. The flexible space options allow for customization to suit a variety of retail needs, making it an attractive opportunity for both established businesses and new ventures. The property's strategic location and ample square footage make it an ideal choice for businesses looking to establish a strong presence in the thriving Richmond market. Interested parties should inquire about available space and lease terms. The property is categorized as a storefront retail space within a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.523
    Latitude
    37.5017

    Comparable in this City

    • Value Estimation by Request
      44,371 SF

      10401 Midlothian Tpke

      Neighborhood centers
      10401 Midlothian Tpke, Richmond, VA 23236
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    • Value Estimation by Request
      60,740 SF

      1100-1108 Courthouse Rd

      Lifestyle centers
      1100-1108 Courthouse Rd, Richmond, VA 23236
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    • Value Estimation by Request
      5,308 SF

      501 Courthouse Rd

      NURSERY, GREENHOUSE, FLORIST
      501 Courthouse Rd, North Chesterfield, VA 23236-3114
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    • Value Estimation by Request
      2,812 SF

      10030 Hull St Rd

      RETAIL STORES (PERSONAL SERVICES)
      10030 Hull St Rd, North Chesterfield, VA 23236-1409
      View Details
    • Value Estimation
      $1,620,000
      14,953 SF

      9501 Amberdale Dr

      RETAIL STORES (PERSONAL SERVICES)
      9501 Amberdale Dr, North Chesterfield, VA 23236-1256
      View Details
    • Value Estimation
      $880,000
      8,000 SF

      9451 Amberdale Dr

      RETAIL STORES (PERSONAL SERVICES)
      9451 Amberdale Dr, North Chesterfield, VA 23236-1249
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,700 SF

      Automotive Property with Outside Storage

      17,700 SF property on 2.49 acres, C-5 zoning.
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      31,000 SF

      Office/Warehouse Space in Business Park

      31,000 SF office/warehouse near Chesterfield Towne Center.
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    • $579,000
      Pending

      Prime Land in North Chesterfield

      4.66 acres of level land with development potential.
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      Prime Corner Lot Opportunity

      Ideal for quick-service restaurant with double drive-thru.
      10000 Hull Street Rd, Richmond, VA 23236
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      Hull Street Road Land Parcel

      11-acre land parcel with frontage on Hull Street.
      8701 Hull Street Rd, North Chesterfield, VA 23236
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      Corner Commercial Land For Sale

      1.16+ acre commercial site at high-traffic intersection.
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    Similar Nearby for Lease

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      17,694 SF

      Retail Space Available For Lease

      Retail space available for lease in North Chesterfield, VA.
      601 Southlake Blvd, North Chesterfield, VA 23236
      View Details
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      63,287 SF

      Former Grocery Store Available

      63,287 SF retail space, anchored by Target and Kohl's.
      11331 Midlothian Tpke, Midlothian, VA 23236
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      3,222 SF

      Retail Space on Midlothian Turnpike

      Retail space with high visibility on Midlothian Turnpike.
      906 Branchway Rd, Richmond, VA 23236
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      2,180 SF

      Retail Space on Midlothian Turnpike

      Retail space with high visibility on Midlothian Turnpike.
      11525 Midlothian Tpke, Richmond, VA 23236
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Midlothian Turnpike

      Retail property with high traffic and pylon signage available.
      10747 Midlothian Tpke, North Chesterfield, VA 23236
      View Details
    • Contact for pricing

      Retail Space Near Chesterfield Center

      1,680 SF retail space near major retail corridor.
      11505 Busy St, Richmond, VA 23236
      View Details
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    Richmond, VA 23236
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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.

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