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Property profile & analytics
FOR LEASE
Shopping centers
11400 West Huguenot Rd, Midlothian, VA 23113
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0968168
For Lease
1 / 8
$2,360,000
11400 West Huguenot Rd, Midlothian, VA 23113
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Property summary
AI-generated overview
The Shoppes at Bellgrade, located at 11400 West Huguenot Road in Midlothian, Virginia (zip code 23113), presents a compelling investment opportunity. This retail strip center boasts a total building area of 141,305 square feet, situated on a sizable 10.2-acre lot. The property is conveniently located at the prominent intersection of Huguenot and Robious Roads, just north of Chesterfield Towne Center, ensuring high visibility and accessibility. Currently, one retail space of 210 square feet is available. The property is zoned O-2 within Chesterfield County. The address is easily accessible from Robious Road. This multi-tenant property offers a strong potential for return on investment due to its prime location and substantial size. The property's strategic placement near Chesterfield Towne Center further enhances its appeal to potential tenants and investors. Detailed information regarding lease terms and conditions for the available space is available upon request. This is an exceptional opportunity to acquire a well-positioned retail property in a thriving Midlothian market.
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1991
Total area
48,224 SF
Lot
7.18 ac (312,587 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
741-71-50-18-600-000
UPID
US87-0968168
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kroger Money Services Bank Credit Union
-
Virginia ABC (Bike/Boat/Book/etc) Store
-
i.d. SPOT (Bike/Boat/Book/etc) Store Pet Store & Service
-
C. C. Wok Restaurant
-
Silvana M. Guilllen, Pharm Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.36M
Owner & transaction history
Kroger LP I · 9 yrs held
Kroger LP I
since 2017
6 recorded transactions
Zoning & alternative use
O2 - CORP OFFICE DIST · Midlothian, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Midlothian submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midlothian submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$88,595
Tax year 2024
Assessed value
$9,678,600
Assessed 2024
Previous assessed
$8,248,500
+17.3% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,203,500
Assessed improvement
$8,475,100
Land market value
$1,203,500
Improvement market value
$8,475,100
Total market value
$9,678,600
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
For Lease
Year built
1991
Heating
NONE
Buildings
2
Stories
1
Total area
48,224 SF
Lot
7.18 ac (312,587 SF)
Zoning code
O2 - CORP OFFICE DIST
APN
741-71-50-18-600-000
UPID
US87-0968168
Jurisdiction
CHESTERFIELD
Zoning & alternative use
O2 - CORP OFFICE DIST · Midlothian, VA
Zoning O2 - CORP OFFICE DIST · permitted uses
O2 - CORP OFFICE DIST · Midlothian, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midlothian. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
1
Buildings
2
Lot
7.18 ac
Current owner
From public records · entity-resolved
Kroger LP I
Entity
Free & Clear · 9 yrs held
Mailing address
440 MONTICELLO AVE STE #1700, NORFOLK, VA 23510-2670
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2017
—
Sln Bellgrade LLC
—
Deed
related
$6,250,000 · Bureau Lee Insurance Co
Feb 8, 2017
$1,250,000
Kroger LP I
Sln Bellgrade LLC
Grant Deed
—
Nov 2, 2016
$10,867,500
Sln Bellgrade LLC
Shoppes Of Bellgrade LLC
Grant Deed
$6,500,000 · Citizens & Farmers Bk
Sep 22, 2011
$2,800,000
LP Kroger
Shoppes At Bellgrade LLC
Warranty Deed
—
—
—
Shoppes At Bellgrade LLC
—
Deed Of Trust
related
$5,000,000 · Franklin Fsb
—
—
Sln Bellgrade LLC
—
Deed Of Trust
related
$6,250,000 · Bureau Lee Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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