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    7101 Forest Hill Ave Richmond, VA 23225

    • Community centers
    • 39,810 SF
    • 15.31 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US87-0752201
    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

    • Domino's Pizza / Pizza Delivery / Chicken Wings Restaurant
    • Bella Nails / Nail Salon
    • Sport Clips Haircuts of Richmond - Shops At Stratford Hills / Hair Salon / Barber Shop
    • pOpshelf / Craft Store / Home Goods Store

    Property Details for 7101 Forest Hill Ave

    Year built
    1995
    Construction
    TYPE NOT SPECIFIED
    Lot size
    15.31 lot acres
    Property size
    39,810 SF
    Zone code
    MULTIPLE ZONING
    Property type
    Community centers
    APN
    C-004-0823-030
    APU
    C0040823030

    Description

    The Shops at Stratford Hills, a Class A retail strip center, presents a unique investment opportunity in Richmond, Virginia. Located at 7101 & 7045 Forest Hill Avenue in Chesterfield County (zip code 23225), this 54,500 square foot property boasts 12 suites, currently offering 11 available spaces. Built in 1995, the center provides a range of sizes, accommodating businesses needing anywhere from 1,100 square feet to a maximum contiguous space of 30,000 square feet. The property's strategic location offers excellent visibility and accessibility, benefiting from its proximity to established anchors such as Publix and Target. This presents a compelling opportunity for businesses seeking high-traffic locations within a thriving retail environment. The entire center is currently vacant, providing a blank canvas for a new tenant mix or a complete redevelopment. The property is classified as a multi-tenant strip center, ideal for a variety of retail and restaurant concepts. This is a rare chance to acquire a significant retail presence in a desirable Richmond market. The property's size and layout offer flexibility for a diverse range of tenants, making it an attractive investment for both individual businesses and larger portfolios. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5259
    Latitude
    37.535
    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
    2020
    $20
    $3,844,000
    $2,978,000
    $6,822,000
    -
    $3,844,000
    $2,978,000
    $6,822,000

    Comparable in this City

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      6332 Midlothian Tpke

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      2841 Hathaway Rd

      SHOPPING CENTER, STRIP CENTER • 3,570 SF
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      213,950 SF

      6504-6550 Hull Street Rd

      Neighborhood centers • 213,950 SF
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      Retail space with high visibility, located near major retailers.
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    Similar Nearby for Lease

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      Retail Spaces on Forest Hill

      Retail spaces available on Forest Hill Avenue in Richmond.
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      Retail spaces available with excellent visibility and access.
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      Retail Space in Forest Hill

      Retail spaces available in Richmond near Forest Hill Avenue.
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    7101 Forest Hill Ave
    Richmond, VA 23225
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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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