Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14291-14301 Midlothian Tpke Midlothian, VA 23113
    Property profile & analytics

    14291-14301 Midlothian Tpke Midlothian, VA 23113

    View on Map
    • Land
    • 16.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 14291-14301 Midlothian Tpke

    Lot size
    16.00 lot acres
    Property type
    Land

    Description

    This exceptional 16-acre development site presents a unique investment opportunity in the thriving Midlothian, Virginia market. Located at 14291-14301 Midlothian Turnpike, this property boasts over 570 feet of direct frontage on a highly trafficked thoroughfare, ensuring maximum visibility and accessibility. The C-3 zoning allows for a wide range of mixed-use development possibilities, catering to diverse commercial and residential needs. Its strategic location places it within the heart of significant commercial and residential growth along Midlothian Turnpike, further enhancing its potential. The site benefits from its adjacency to a planned 425-unit multi-family development, comprising 275 apartments and 150 townhomes, creating a synergistic environment and expanding the potential customer base. Convenient access to Route 288 provides excellent regional connectivity. Furthermore, the property features full access from Midlothian Turnpike, facilitated by a traffic signal and median break, ensuring seamless ingress and egress. This prime location within Chesterfield County, Virginia (zip code 23113), is situated in an area with the highest income per capita in the Richmond MSA, indicating a strong and affluent target market for any development project. This is a rare opportunity to acquire a substantial parcel of land in a high-growth area with significant development potential.

    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
    -77.6694
    Latitude
    37.5037

    Comparable in this City

    • Value Estimation by Request
      6,200 SF

      13201 Hull Street Rd

      Neighborhood centers • 6,200 SF
      13201 Hull Street Rd, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      11,037 SF

      17 Le Gordon Dr

      Medical Office Space • 11,037 SF
      17 Le Gordon Dr, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      0.77 Acres

      440 Winter Pl Way

      INDUSTRIAL - VACANT LAND • 0.77 Acres
      440 Winter Pl Way, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      1.21 Acres

      Winterfield Rd

      VACANT COMMERCIAL LAND • 1.21 Acres
      Winterfield Rd, Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      4.78 Acres

      Midlothian, VA 23113

      VACANT COMMERCIAL LAND • 4.78 Acres
      Midlothian, VA 23113
      View Details
    • Value Estimation by Request
      1.78 Acres

      405 Winter Pl Way

      INDUSTRIAL - VACANT LAND • 1.78 Acres
      405 Winter Pl Way, Midlothian, VA 23113
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land on Midlothian Turnpike

      Approximately 4 acres of land for sale with direct frontage.
      16901 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • $224,950

      Land For Sale

      Land available in Chesterfield County.
      16151 Founders Bridge Ter, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Land For Sale

      2.3 acres of land available for purchase.
      12910 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      14291 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Prime Land in Retail Corridor

      Two land parcels in a high-traffic retail area.
      14008 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • $3,175,000
      14 SF

      Midlothian Turnpike Commercial Land

      14.09 acres of commercial land with future development potential.
      16200 Midlothian Tpke, Midlothian, VA 23113
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease in Midlothian, Virginia.
      710 Watkins Centre Pkwy, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Prime Mixed-Use Development Land

      16 acres of C-3 zoned land for rent.
      14301 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing
      10,000 SF

      Prime Mixed-Use Development Land

      16 acres of C-3 zoned land for rent.
      14291 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • $23 SF/Yr
      2,400 SF

      Mixed-Use Property in Growing Area

      18.23 AC mixed-use property in rapidly growing Powhatan Retail submarket.
      17605 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing
      7,000 SF

      Prime Mixed-Use Development Land

      16 acres of C-3 zoned land for rent.
      14235 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Midlothian, Virginia.
      13354 Midlothian Tpke, 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.
    14291-14301 Midlothian Tpke
    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
    14291-14301 Midlothian Tpke, 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!