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    5200-5260 Oaklawn Blvd Hopewell, VA 23860

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    5200-5260 Oaklawn Blvd Hopewell, VA 23860

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    • Neighborhood centers
    • 220,250 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 5200-5260 Oaklawn Blvd

    Property size
    220,250 SF
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    The Crossings shopping center presents a compelling investment opportunity in Hopewell, Virginia. This established retail center boasts a total of 220,250 square feet situated on a sizable 19.06-acre lot. Strategically located at the intersection of Oaklawn Boulevard and Crossings Boulevard, it enjoys a prominent position within Prince George County's major retail hub. The property offers immediate access to a robust customer base, benefiting from its proximity to Fort Gregg-Adams and a concentration of national retailers and restaurants. Currently, there are three available spaces ranging from 1,209 to 2,346 contiguous square feet, totaling 6,567 square feet of vacant space. This presents a unique chance for businesses seeking flexible space options within a thriving commercial environment. The center's established presence and high-traffic location make it an ideal choice for a variety of retail uses. The minimum divisible space is 1,209 square feet, providing flexibility for smaller businesses, while the maximum contiguous space of 2,346 square feet caters to larger retail operations. The property's address is 5200-5260 Oaklawn Boulevard, Hopewell, VA 23860, within Prince George County. This prime location offers excellent visibility and accessibility, ensuring strong potential for business growth and return on investment. This is a rare opportunity to acquire space in a well-established and highly visible retail center in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Prince George
    State
    Virginia
    Longitude
    -77.3246
    Latitude
    37.2606

    Comparable in this City

    • Value Estimation
      $5,710,000
      52,342 SF

      5201 Plz Dr

      MINI-MALL • 52,342 SF
      5201 Plz Dr, North Prince George, VA 23860-7337
      View Details
    • Value Estimation
      $2,075,000
      9,499 SF

      906 Crossings Blvd

      MINI-MALL • 9,499 SF
      906 Crossings Blvd, North Prince George, VA 23860-6503
      View Details
    • Value Estimation by Request
      4,937 SF

      2320 Oaklawn Blvd

      MINI-MALL • 4,937 SF
      2320 Oaklawn Blvd, Hopewell, VA 23860-5033
      View Details
    • Value Estimation
      $8,330,000
      79,695 SF

      4100 Oaklawn Blvd

      MINI-MALL • 79,695 SF
      4100 Oaklawn Blvd, Hopewell, VA 23860-6514
      View Details
    • Value Estimation
      $28,715,000
      283,862 SF

      Cavalier Sq

      MINI-MALL • 283,862 SF
      Cavalier Sq, Hopewell, VA 23860
      View Details
    • Value Estimation
      $535,000
      4,000 SF

      3219 Woodlawn St

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      3219 Woodlawn St, Hopewell, VA 23860-4714
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Shopping Center For Rent

      220,250 SF retail shopping center on 19.06 acres.
      5200-5260 Oaklawn Blvd, Hopewell, VA 23860
      View Details
    • Contact for pricing
      1,209 SF

      Retail Space in Hopewell, VA

      Retail space with high traffic and easy highway access.
      5262-5282 Oaklawn Blvd, Hopewell, VA 23860
      View Details
    • $663 /Mo

      Retail Space in Hopewell, VA

      Retail units available in high-traffic Hopewell location.
      200 E Broadway, Hopewell, VA 23860
      View Details
    • Contact for pricing
      350 SF

      Downtown Office Space For Rent

      Office space available in downtown area with utilities included.
      224 N Main St, Hopewell, VA 23860
      View Details
    • $1,000 /Mo

      Office Spaces Available in Hopewell

      Various office spaces suitable for diverse businesses in Hopewell, VA.
      501 Westover Ave, Hopewell, VA 23860
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    • Contact for pricing
      4,595 SF

      Renovated Office Space Available

      Office space for lease with ongoing renovations and ample parking.
      710 S 6Th St, Hopewell, VA 23860
      View Details
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    Hopewell, VA 23860
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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.

    More about this property
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