5150 Nine Mile Rd Richmond, VA 23223
This exceptional 0.695-acre commercial land parcel, located at 5150 Nine Mile Road in Richmond, Virginia (zip code 23223), presents a unique investment opportunity. Zoned B-2, this property offers significant potential for various commercial ventures. Its strategic location provides unparalleled visibility and accessibility. Situated just 0.25 miles from a Walmart Supercenter within the Eastgate Town Center, this outparcel benefits from high traffic volume and established consumer presence. Furthermore, its proximity to a newly constructed 7-Eleven, Green Clean Car Wash, and a future Chick-fil-A further enhances its desirability. The property enjoys a fully signalized corner location, ensuring optimal visibility for any business. Convenient access to Interstates 64 and 295 provides easy connectivity to the wider Richmond metropolitan area. Across from Fairfield Middle School, this location offers a strong demographic presence. The property is available for sale or ground lease, offering flexibility to suit diverse investment strategies. This is an exceptional opportunity to acquire a highly visible and strategically located commercial lot in a thriving area of Richmond. Don't miss this chance to secure a prime piece of real estate in a rapidly developing commercial corridor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.