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Property profile & analytics
OFF-MARKET Estimated value $15,620,000
Shopping centers

11500 Midlothian Tpke North Chesterfield, VA 23235-4780

109,933 SF 73.78 ac lot Built 1976
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US87-0714683
Property summary
AI-generated overview

This exceptional 1,560-square-foot retail space, formerly a successful Jimmy John's, is ideally situated within the highly sought-after Chesterfield Towne Center in Richmond, Virginia. Located at 11500 Midlothian Turnpike, this Class A property boasts excellent visibility from the high-traffic Midlothian Turnpike and Huguenot Road intersection, ensuring significant foot and vehicle traffic. The property is zoned C-3 and offers a single-tenant occupancy. The space is move-in ready and includes existing fixtures, furniture, and equipment (FF&E), although it lacks a hood and oven. Key features include a triple sink, a walk-in refrigerator, and walk-in freezers, providing ample space for food preparation and storage. This presents a rare opportunity for a restaurant or retail business seeking a prime location in a thriving commercial center. The property's history as a successful restaurant demonstrates its potential for continued success. This is a turnkey opportunity to establish or relocate your business in a high-demand area with established infrastructure and high visibility. The address is 11500 Midlothian Turnpike, Richmond, VA 23235.

Property profile
Verified
Property type Shopping centers
Use group SHOPPING CENTER COMMON AREA
Year built 1976
Total area 109,933 SF
Lot 73.78 ac (3,214,031 SF)
Zoning code C3 - COMMUNITY BUS DIST
APN 741-70-91-43-000-000
UPID US87-0714683
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
  • Kids Foot Locker Clothing & Fashion Store
  • Chick-fil-A Take-out & Catering Catering Service
  • Chesterfield Towne Center Shopping Center & Mall
  • Salon Plaza Hair Salon Nail Salon
  • Queen Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$15.62M
Owner & transaction history
Macerich Chesterfield LLC · 13 yrs held
Macerich Chesterfield LLC
since 2012
5 recorded transactions
2020
Price N/A
2019
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $20.0M +10.9%
Medical building $18.3M +1.4%
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