Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10400 Midlothian Tpke Richmond, VA 23235
    Property profile & analytics

    10400 Midlothian Tpke Richmond, VA 23235

    View on Map
    • Shopping centers
    • 92,000 SF
    • 10.37 lot acres
    For Lease
    $2,335,000
    View Listing →
    Commercial Space For Lease For Lease
    $2,335,000

    Commercial Space For Lease

    Commercial space available for lease in Richmond, Virginia.

    10400 Midlothian Turnpike, Richmond, VA 23235
    View Listing
    Property ID
    US87-3995991
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Burlington / Baby Clothing Store / Jewelry Store
    • 1 reseña / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store

    Property Details for 10400 Midlothian Tpke

    Year built
    1988
    Lot size
    10.37 lot acres
    Property size
    92,000 SF
    Zone code
    C3 - COMMUNITY BUS DIST
    Property type
    Shopping centers
    Property subtype
    Shopping centers
    APN
    747-70-95-27-800-000
    APU
    747709527800000

    Description

    Located in the vibrant Bon Air section of Richmond, Virginia, Pocono Crossing offers exceptional executive office space for lease. This prestigious property, situated at 10400 Midlothian Turnpike, zip code 23235, boasts a total of one million square feet and comprises seven individual suites. The building offers flexible space options, with a minimum leasable area of 1,000 square feet and a maximum contiguous space of 28,800 square feet, catering to businesses of various sizes. Currently, there are 58,897 square feet of vacant, immediately available space. The property is classified as both retail and office, making it suitable for a diverse range of businesses. Its location in Chesterfield County provides easy access to major transportation routes and amenities, enhancing its appeal to prospective tenants. The multiple tenancy structure allows for a collaborative and dynamic work environment. This is a unique opportunity to secure high-quality office space in a thriving commercial area. Inquire today to learn more about leasing options and explore the possibilities of establishing your business at Pocono Crossing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5879
    Latitude
    37.5085
    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
    $60,519
    $3,522,700
    $2,835,000
    $6,357,700
    -
    $3,522,700
    $2,835,000
    $6,357,700

    Comparable in this City

    • Value Estimation
      $930,000
      28,000 SF

      7801 Midlothian Tpke

      SHOPPING CENTER COMMON AREA • 28,000 SF
      7801 Midlothian Tpke, North Chesterfield, VA 23235-5227
      View Details
    • Value Estimation
      $1,425,000
      9,970 SF

      2600 Buford Rd

      SHOPPING CENTER COMMON AREA • 9,970 SF
      2600 Buford Rd, North Chesterfield, VA 23235-3422
      View Details
    • Value Estimation
      $5,300,000
      36,237 SF

      9700 Midlothian Tpke

      SHOPPING CENTER COMMON AREA • 36,237 SF
      9700 Midlothian Tpke, North Chesterfield, VA 23235-4962
      View Details
    • Value Estimation
      $4,890,000
      62,920 SF

      11304 Midlothian Tpke

      SHOPPING CENTER COMMON AREA • 62,920 SF
      11304 Midlothian Tpke, North Chesterfield, VA 23235-4716
      View Details
    • Value Estimation
      $1,195,000
      8,400 SF

      9201 Midlothian Tpke

      SHOPPING CENTER COMMON AREA • 8,400 SF
      9201 Midlothian Tpke, North Chesterfield, VA 23235-4946
      View Details
    • Value Estimation
      $1,165,000
      39,250 SF

      9550 Midlothian Tpke

      SHOPPING CENTER COMMON AREA • 39,250 SF
      9550 Midlothian Tpke, North Chesterfield, VA 23235-4900
      View Details

    Similar Nearby for Sale

    • $1,600,000
      4,950 SF

      Freestanding Retail Building in Richmond

      Single-tenant, net-leased KinderCare with a new 10-year lease.
      2621 Pocoshock Blvd, Richmond, VA 23235
      View Details
    • $365,000
      8.30 Acres

      North Chesterfield Buildable Land Available

      8.3 acres of land in high-traffic area.
      8120 Hull Street Rd, North Chesterfield, VA 23235
      View Details
    • $365,000

      8.3 Acres Buildable Land

      8.3 acres of buildable land in high-traffic area.
      8120 Hull Street Rd, Richmond, VA 23235
      View Details
    • $400,000
      Pending

      Residential Land in Richmond, VA

      Approximately 2 acre lot with pool and pool house.
      4220 Southampton Rd, Richmond, VA 23235
      View Details
    • $365,000

      Land Available on Hull Street

      Land for sale in Chesterfield County.
      8120 Hull Street Rd, North Chesterfield, VA 23235
      View Details
    • Contact for pricing

      Richmond Commercial Land For Sale

      Commercial land with utilities, stormwater access, and high traffic.
      9450 Nature Way, Richmond, VA 23235
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Grocery Store Space Available

      63,287 SF retail space near regional mall.
      11331 Midlothian Tpke, Richmond, VA 23235
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Richmond, Virginia.
      10400 Midlothian Tpke, Richmond, VA 23235
      View Details
    • Contact for pricing

      VA, Richmond - Forest Hill Avenue

      Workspaces, services and support to help you work better in MN, Minnetonka - County Road
      9211 Forest Hill Ave, Richmond, VA 23235
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Anchored Center

      Available retail space in a Food Lion anchored shopping center.
      8201-8257 Hull Street Rd, Richmond, VA 23235
      View Details
    • Contact for pricing
      2,922 SF

      Retail Space in High-Traffic Area

      Retail space available in Richmond's strong retail submarket.
      10300-10448 Midlothian Tpke, Richmond, VA 23235
      View Details
    • Contact for pricing
      4,799 SF

      Richmond Retail Space For Rent

      Open-air retail space in Stony Point Fashion Park.
      9200 Stony Point Pkwy, Richmond, VA 23235
      View Details
    View Listing
    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.
    10400 Midlothian Tpke
    Richmond, VA 23235
    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
    10400 Midlothian Tpke, Richmond, VA, 23235
    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!