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    FOR LEASE
    Retail space

    115 Browns Way Rd, Midlothian, VA 23114

    14,400 SF 0.9 ac lot Built 2001
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US87-0041308
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2001
    Total area 14,400 SF
    Lot 0.9 ac (39,248 SF)
    Zoning code O2 - CORP OFFICE DIST
    APN 732-70-79-05-000-000
    UPID US87-0041308
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.26M
    CAP Approach CAP
    $2.81M
    Comparable Approach Comparable
    $2.95M
    Blend (final) Blend
    $2.27M
    Owner & transaction history
    115 Browns Way LLC · 4 yrs held
    115 Browns Way LLC
    since 2021
    Last sale
    $2.3M
    2 recorded transactions
    2021
    $2.3M
    2006
    $3.1M
    Zoning & alternative use
    O2 - CORP OFFICE DIST · Midlothian, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $3.6M +22.5%
    Office building $3.0M +2.7%
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    More about this property
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