Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1201-1366 Sycamore Square Dr Midlothian, VA 23113
    Back to Search
    Property profile & analytics

    1201-1366 Sycamore Square Dr, Midlothian, VA 23113

    View on Map
    • Neighborhood centers
    • 102,406 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 1201-1366 Sycamore Square Dr

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents 38,071 square feet of vacant space within the Sycamore Square Shopping Center, located at 1201-1366 Sycamore Square, Midlothian, VA 23113. Situated in the heart of Midlothian's "Village," this strip center enjoys a prime location just east of Route 288, ensuring high visibility and accessibility. The property's total building size is 102,406 square feet, with the available space representing a significant portion of the center. This large, contiguous space, formerly occupied by a grocery store, offers immense potential for a variety of retail uses. The address is easily accessible via Midlothian Turnpike. The property is located in Chesterfield County, Virginia, offering a strong market for retail businesses. The minimum divisible space is 38,071 square feet, making it ideal for a single large tenant or a potential for subdivision (subject to feasibility). This presents a unique chance to establish a prominent presence in a thriving Midlothian community. The property's strategic location and substantial square footage make it an attractive investment for businesses seeking a high-impact retail location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6527
    Latitude
    37.5048

    Comparable in this City

    • Value Estimation by Request
      102,406 SF

      1220-1348 Sycamore Square Dr

      Neighborhood centers
      1220-1348 Sycamore Square Dr, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      168,770 SF

      14271 Midlothian Tpke

      Lifestyle centers
      14271 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      6,200 SF

      13201 Hull Street Rd

      Neighborhood centers
      13201 Hull Street Rd, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      3,786 SF

      13700 Midlothian Tpke

      Individual retail properties
      13700 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      3,168 SF

      16300 Midlothian Tpke

      Individual retail properties
      16300 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      18,307 SF

      17 Le Gordon Dr

      Medical Office Space
      17 Le Gordon Dr, Midlothian, VA 23113
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      Southern States Investment Property

      NNN leased Southern States in Midlothian, Virginia.
      1200 Alverser Dr, Midlothian, VA 23113
      View Details
    • Contact for pricing
      5,000 SF

      Office/Retail Pad Sites Available

      Office and retail pad sites available for lease.
      3738 Winterfield Rd, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Prime Land on Midlothian Turnpike

      1.41 acres with high traffic, development potential.
      12726 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Prime Land on Midlothian Turnpike

      11.25-acre land with frontage on Midlothian Turnpike.
      15601 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Medical Office Building in Midlothian

      3,978 SF medical office building for sale in Midlothian.
      14404 Sommerville Ct, Midlothian, VA 23113
      View Details
    • $550,000
      1.08 Acres

      Residential Lot in Established Neighborhood

      1.08-acre cleared lot ready for custom home construction.
      3512 Robious Crossing Dr, Midlothian, VA 23113
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease in Midlothian, Virginia.
      12501 Stone Village Way, Midlothian, VA 23113
      View Details
    • Contact for pricing
      5,549 SF

      Retail Space with National Anchors

      Retail property with strong anchors and unparalleled access.
      15752 Wc Main St, Midlothian, VA 23113
      View Details
    • Contact for pricing
      2,912 SF

      Mixed-Use Development in Chesterfield County

      Mixed-use development with retail, restaurant, and office spaces for lease.
      14210 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Retail Space in Midlothian Village

      Retail spaces for lease in Midlothian, near Route 288.
      1220-1348 Sycamore Square Dr, Midlothian, VA 23113
      View Details
    • Contact for pricing
      2,040 SF

      Upscale Retail Space Available

      Retail space in upscale mixed-use development at Winterfield.
      1681 Ewing Park Loop, Midlothian, VA 23113
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Midlothian, VA

      Retail space available with strong national anchors and high visibility.
      15720 Wc Main St, Midlothian, VA 23113
      View Details
    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.
    1201-1366 Sycamore Square Dr
    Midlothian, VA 23113
    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
    1201-1366 Sycamore Square Dr, Midlothian, VA, 23113
    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!