Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Rdg Rds Henrico, VA 23229

    • Lifestyle centers
    • 458,057 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Rdg Rds

    Property size
    458,057 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Regency, a vibrant mixed-use development in Henrico County's West End, offers exceptional office space opportunities. This 458,057 square foot property boasts a prime location, ample parking (3,500 spaces), and flexible space options ranging from 1,114 to 50,000 contiguous square feet. Currently, 336,516 square feet are available for lease. The property sits on a substantial 46-acre lot and is zoned Urban Mixed-Use (UMU), allowing for diverse uses. Regency is undergoing a significant revitalization, transforming into a walkable, live-work-play environment. The project includes a residential component (with Phase I complete and Phase II under construction), creating a thriving community. Restaurant spaces are available, with options ranging from approximately 3,000 to 10,000 square feet, many featuring large outdoor patios. This redevelopment offers a unique opportunity to be part of a dynamic and growing area, recapturing its position as a central hub for the West End. The project incorporates exterior restaurants, rooftop bars, sports venues, and open courtyards, creating a lively and engaging atmosphere. This is an unparalleled chance to establish a presence in a revitalized community with strong potential for growth and success. Multiple tenancy options are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5641
    Latitude
    37.6018

    Comparable in this City

    • Value Estimation by Request
      3,615 SF

      8621 Quioccasin Rd

      Restaurants • 3,615 SF
      8621 Quioccasin Rd, Henrico, VA 23229
      View Details
    • Value Estimation
      $3,360,000
      151,571 SF

      Starling Dr

      MINI-MALL • 151,571 SF
      Starling Dr, Henrico, VA 23229
      View Details
    • Value Estimation by Request
      4,440 SF

      8921 Patterson Ave

      SHOPPING CENTER, STRIP CENTER • 4,440 SF
      8921 Patterson Ave, Henrico, VA 23229-6323
      View Details
    • Value Estimation
      $1,685,000
      11,430 SF

      1370 Parham Rd

      SHOPPING CENTER, STRIP CENTER • 11,430 SF
      1370 Parham Rd, Henrico, VA 23229-5742
      View Details
    • Value Estimation
      $2,140,000
      22,554 SF

      8908 Patterson Ave

      SHOPPING CENTER, STRIP CENTER • 22,554 SF
      8908 Patterson Ave, Henrico, VA 23229-6324
      View Details
    • Value Estimation
      $1,075,000
      11,858 SF

      9020 Quioccasin Rd

      SHOPPING CENTER, STRIP CENTER • 11,858 SF
      9020 Quioccasin Rd, Henrico, VA 23229-5515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,654 SF

      Medical/Office Building For Sale

      11,654 SF medical/office building on 1.07 AC for sale.
      8917 Fargo Rd, Richmond, VA 23229
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Henrico, VA

      Residential lot available in Henrico, Virginia.
      Midway Rd, Richmond, VA 23229
      View Details
    • Contact for pricing

      51.28 Acres Commercial Land Available

      Commercial land with easy access to I-295.
      100 E Parham Rd, Richmond, VA 23229
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,639 SF

      Office Space in Forest Office Park

      Office space available for lease in Richmond, VA.
      8003 Franklin Farms Dr, Richmond, VA 23229
      View Details
    • Contact for pricing
      4,121 SF

      Well-Maintained Office Space For Rent

      Conveniently located office space with ample parking and nearby amenities.
      8814 Fargo Rd, Richmond, VA 23229
      View Details
    • Contact for pricing
      6,622 SF

      Medical Office Space for Rent

      Medical office space available on Henrico Doctors Hospital campus.
      7611 Forest Ave, Richmond, VA 23229
      View Details
    • Contact for pricing
      1,260 SF

      Professional Office Space Available

      Office spaces for lease with diverse floorplans and ample parking.
      2800 N Parham Rd, Richmond, VA 23229
      View Details
    • Contact for pricing
      979 SF

      Office Space in Retail Center

      Second floor office space with elevator access near I-95.
      809-827 E Parham Rd, Richmond, VA 23229
      View Details
    • Contact for pricing
      1,800 SF

      Neighborhood Shopping Center Retail Space

      Retail space in renovated neighborhood shopping center near Regency Mall.
      9101-9115 Quioccasin Rd, Richmond, VA 23229
      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.
    Rdg Rds
    Henrico, VA 23229
    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

    Google sign-in failed. Please try again or use another login method.