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    5206 Chamberlayne Rd Richmond, VA 23227
    Property profile & analytics

    5206 Chamberlayne Rd, Richmond, VA 23227

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    • Retail properties & Spaces
    • 163,008 SF
    • 16.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • T J Nails / Nail Salon
    • Brookhill Azalea Shopping Center / Shopping Center & Mall

    Property Details for 5206 Chamberlayne Rd

    Year built
    1963
    Lot size
    16.19 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This Richmond, VA retail center, Brookhill Azalea, offers a compelling investment opportunity. The 163,008 square foot property boasts a strong tenant mix anchored by a Food Lion grocery store with a lease extending to January 2030. Other tenants include Dollar General, KFC, Rainbow Fashion Gallery, and a variety of service-oriented businesses. Built in 1963 and renovated in 2012, the center sits on a 16.19-acre lot at 5206 Chamberlayne Rd, Richmond, VA 23227 (APN: 786-744-4889

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.4519
    Latitude
    37.6037

    Comparable in this City

    • Value Estimation by Request
      2,940 SF

      5201 Chamberlayne Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      5201 Chamberlayne Ave, Richmond, VA 23227
      View Details
    • Value Estimation by Request
      2,098 SF

      7607 Brk Rd

      CONVENIENCE STORE
      7607 Brk Rd, Richmond, VA 23227-1818
      View Details
    • Value Estimation
      $530,000
      3,864 SF

      803 Parham Rd

      CONVENIENCE STORE
      803 Parham Rd, Richmond, VA 23227-1107
      View Details
    • Value Estimation by Request
      2,677 SF

      898 Azalea Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      898 Azalea Ave, Richmond, VA 23227-3511
      View Details
    • Value Estimation by Request
      2,484 SF

      5101 Richmond Henrico Tpke

      CONVENIENCE STORE
      5101 Richmond Henrico Tpke, Richmond, VA 23227-3601
      View Details
    • Value Estimation by Request
      3,045 SF

      5900 Brk Rd

      CONVENIENCE STORE
      5900 Brk Rd, Richmond, VA 23227-2258
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,280 SF

      Retail Space on Chamberlayne Road

      Retail space for rent with frontage on Chamberlayne Road.
      5602 Chamberlayne Rd, Richmond, VA 23227
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    • Contact for pricing

      Richmond Former Bank on Azalea

      2,676 SF former bank building on 0.66 acres.
      1101 Azalea Ave, Richmond, VA 23227
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    • $700,000
      2,676 SF

      Former Bank Building on Azalea

      2,676 SF former bank building for sale on 0.653 AC.
      1101 Azalea Ave, Richmond, VA 23227
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    • $429,900
      3,116 SF

      Renovated Duplex in Richmond

      Beautifully renovated duplex in Richmond with new kitchens and baths.
      4202 Chamberlayne Ave, Richmond, VA 23227
      View Details
    • Contact for pricing

      Prime Land Near Scott's Addition

      Land near I-64 exit and Richmond's Diamond District.
      3315 N Arthur Ashe Blvd, Richmond, VA 23227
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      1.55 Acres Retail/Flex Land

      1.55 acres of B-3 zoned land ready for development.
      5409 Brook Rd, Richmond, VA 23227
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    Similar Nearby for Lease

    • $2,000 /Mo
      43,560 SF

      Richmond Commercial Space For Lease

      1000 SF commercial space available off I-95 in Richmond.
      5604 Chamberlayne Rd, Richmond, VA 23227
      View Details
    • Contact for pricing

      Retail Outparcel Opportunities Available

      Prime retail spaces available on Parham Road in Chamberlayne.
      Parham Rd At Quioccasin And Eastridge Rds, Richmond, VA 23227
      View Details
    • Contact for pricing
      1,937 SF

      Retail Space in Northside Available

      Retail shop space for lease in Richmond's Northside.
      4029 Macarthur Ave, Richmond, VA 23227
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Brookside Center

      Retail space available in Henrico County shopping center.
      7601 Brook Rd, Richmond, VA 23227
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space on Brook Road

      Well-maintained retail space with high visibility and easy highway access.
      5936-5948 Brook Rd, Richmond, VA 23227
      View Details
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    5206 Chamberlayne Rd
    Richmond, VA 23227
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    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
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    5206 Chamberlayne Rd, Richmond, VA, 23227
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