Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4101 Mechanicsville Tpke Mechanicsville, VA 23111
    Back to Search
    Property profile & analytics

    4101 Mechanicsville Tpke Mechanicsville, VA 23111

    View on Map
    • Retail properties & Spaces
    • 16,680 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4101 Mechanicsville Tpke

    Property size
    16,680 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, located at 4101 Mechanicsville Turnpike in Hanover County, offers a prime opportunity for retail businesses. The site boasts a total of 16,680 square feet of space currently vacant and available for lease. The property is comprised of multiple tenancies, with flexible space options ranging from a minimum of 6,600 square feet to a maximum contiguous space of 10,080 square feet. Situated on a substantial 2.8-acre lot, this location provides excellent visibility and accessibility, featuring over 540 feet of frontage on Mechanicsville Turnpike. The property's strategic location directly across from Henrico Plaza, a thriving mixed-use development with over 580 residential units, ensures high foot traffic and significant exposure to a large potential customer base. This presents a unique opportunity for ground lease, build-to-suit projects, or outright purchase. The property is classified as Retail, Land, and Restaurant, making it suitable for a variety of commercial uses. This is an ideal location for businesses seeking high visibility and access to a dense residential population in a dynamic and growing market. The property is categorized as commercial and offers pad sites and land availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsville
    County
    Hanover
    State
    Virginia
    Longitude
    -77.2397
    Latitude
    37.651

    Comparable in this City

    • Value Estimation by Request
      63,568 SF

      7506-7528 Mechanicsville Tpke

      Neighborhood centers • 63,568 SF
      7506-7528 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • Value Estimation by Request
      55,586 SF

      7183-7235 Stonewall Pkwy

      Individual retail properties • 55,586 SF
      7183-7235 Stonewall Pkwy, Mechanicsville, VA 23111
      View Details
    • Value Estimation by Request
      24,718 SF

      7124 Mechanicsville Tpke

      Retail properties & Spaces • 24,718 SF
      7124 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • Value Estimation by Request
      19,130 SF

      6104 Brashier Blvd

      Neighborhood centers • 19,130 SF
      6104 Brashier Blvd, Mechanicsville, VA 23111
      View Details
    • Value Estimation by Request
      1.59 Acres

      8218 Mechanicsville Tpke

      COMMERCIAL (GENERAL) • 1.59 Acres
      8218 Mechanicsville Tpke, Mechanicsville, VA 23111-1221
      View Details
    • Value Estimation by Request
      0.34 Acres

      7440 Brandy Crk Dr

      COMMERCIAL (GENERAL) • 0.34 Acres
      7440 Brandy Crk Dr, Mechanicsville, VA 23111-4417
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Road Frontage

      Land with frontage on two roads and public utilities available.
      8043 Shady Knoll Ln, Mechanicsville, VA 23111
      View Details
    • Contact for pricing

      5.033 Acre Parcel on Route 360

      5.033 acre parcel suitable for church, campground, or daycare.
      6214 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • $787,999

      Mechanicsville Duplex-Style Properties For Sale

      Two duplex-style properties zoned for business and residential uses.
      7999 Fast Ln, Mechanicsville, VA 23111
      View Details
    • $7,573,000
      14,550 SF

      Mechanicsville Retail Property For Sale

      Retail property with long-term lease and extension options.
      7039 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • Contact for pricing

      Retail Development Land for Lease

      41-acre retail development with pad sites for sale or lease.
      6297 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • $1,700,000
      11.50 Acres

      Mechanicsville Land For Sale

      11.5 acres on Mechanicsville Turnpike, Hanover County.
      6066 More Lots Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mechanicsville Turnpike Retail Opportunity

      Retail space available for lease on Mechanicsville Turnpike.
      4101 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • Contact for pricing
      7,274 SF

      Retail Space Near High Traffic

      Retail space available near Home Depot, Target, and PetSmart.
      7225 Bell Creek Rd, Mechanicsville, VA 23111
      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 Rd, Mechanicsville, VA 23111
      View Details
    • Contact for pricing

      Land Property For Lease

      Land property available for lease.
      6297 Mechanicsville Tpke, Richmond, VA 23111
      View Details
    • Contact for pricing
      1,225 SF

      Retail Space Near Kroger

      Retail space available, shadow-anchored by Kroger.
      6104 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • Contact for pricing
      4,042 SF

      Freestanding Retail Building For Lease

      4,042 SF building for lease on 0.799 acres.
      8028 Mechanicsville Tpke, Mechanicsville, VA 23111
      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.
    4101 Mechanicsville Tpke
    Mechanicsville, VA 23111
    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
    4101 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!