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    115 Browns Way Rd Midlothian, VA 23114

    • Retail space
    • 14,400 SF
    • 0.90 lot acres
    For Lease
    View listing
    Value Estimation
    $2,315,000
    Last Sale
    Aug 27, 2021
    $2,250,000
    Location Intelligence
    Property ID
    US87-0041308
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 115 Browns Way Rd

    Year built
    2001
    Lot size
    0.90 lot acres
    Property size
    14,400 SF
    Zone code
    O2 - CORP OFFICE DIST
    Property type
    Retail space
    APN
    732-70-79-05-000-000
    APU
    732707905000000

    Description

    This exceptional retail opportunity is located at the Shops at Railey Hill, situated on the highly visible and heavily trafficked Midlothian Turnpike, boasting 58,000 vehicles per day. The property is a two-story building totaling 14,528 square feet. Currently, two retail spaces are available, each measuring 1,100 square feet. This presents a unique chance for businesses seeking high visibility and excellent access to a large customer base. The minimum leasable space is 1,100 square feet, and the maximum contiguous space available is also 1,100 square feet. The building is currently home to a mix of established businesses, including Jo-Jo's Pizza and Idyllic Nails, creating a vibrant and successful retail environment. With 2,200 square feet currently vacant, this presents an immediate opportunity for expansion or new tenancy. The property's location on Midlothian Turnpike ensures significant foot traffic and drive-by visibility, making it an ideal location for a variety of retail businesses. The building's two-story design offers versatile space options. Don't miss this chance to establish your business in a prime Chesterfield County location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,175,000
      6.5%
      $2,310,000
      7%
      $2,210,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,395,000
      Geo Method
      $2,265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,525,000
      Retail
      $2,630,000
      Mixed-Use
      $2,560,000
      Hospitality
      $2,335,000
      Educational
      $2,420,000
      Residential Income
      $2,065,000
      Energy
      $2,255,000
      Income-Based Land
      $2,350,000
      Food Service
      $2,155,000

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6382
    Latitude
    37.5021
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $24,704
    $535,700
    $2,189,700
    $2,725,400
    -
    $535,700
    $2,189,700
    $2,725,400

    Comparable in this City

    • Value Estimation
      $375,000
      6,961 SF

      913 Grv Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,961 SF
      913 Grv Rd, Midlothian, VA 23114-2669
      View Details
    • Value Estimation
      $1,780,000
      5,800 SF

      101 Heaths Way Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,800 SF
      101 Heaths Way Rd, Midlothian, VA 23114-9508
      View Details
    • Value Estimation by Request
      3,053 SF

      13700 Vlg Ml Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,053 SF
      13700 Vlg Ml Dr, Midlothian, VA 23114-4362
      View Details
    • Value Estimation by Request
      11,976 SF

      200 Heaths Way Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,976 SF
      200 Heaths Way Rd, Midlothian, VA 23114-9509
      View Details
    • Value Estimation by Request
      21,204 SF

      13811 Vlg Pl Dr

      RETAIL STORES (PERSONAL SERVICES) • 21,204 SF
      13811 Vlg Pl Dr, Midlothian, VA 23114
      View Details
    • Value Estimation by Request
      4,812 SF

      13826 Vlg Pl Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,812 SF
      13826 Vlg Pl Dr, Midlothian, VA 23114-3503
      View Details

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    Similar Nearby for Lease

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      14,528 SF

      Shops at Railey Hill Retail Space

      Midlothian Turnpike retail; two suites available.
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    115 Browns Way Rd
    Midlothian, VA 23114
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    Realmo Value Estimation

    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.

    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.

    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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