115 Browns Way Rd Midlothian, VA 23114
Property profile & analytics
115 Browns Way Rd Midlothian, VA 23114
- Retail space
- 14,400 SF
- 0.90 lot acres
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.
Location Intelligence
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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,310,000
- ML approach
- $2,255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,040,000
- 6.5%
- $2,810,000
- 7%
- $2,605,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,950,000
Market price range: $1.25M - $4.60M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,910,000 Current use
- AUTO REPAIR, GARAGE
- $3,560,000 Change: +22% Conversion: Difficult
- OFFICE BUILDING
- $2,985,000 Change: +3% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
