12855 Broad St Rd, Richmond, VA 23233-7402
This exceptional 5.96-acre commercial land parcel presents a remarkable development opportunity in Richmond, Virginia's desirable Goochland County. Strategically located less than three miles from the bustling Short Pump Town Center, this property boasts approximately 400 feet of frontage on Broad Street Road, ensuring high visibility and accessibility. The site is ideally configured for development, featuring two outparcels on Broad Street Road, perfectly suited for retail or other commercial uses, and a larger rear parcel suitable for an office building or hotel. The B-1 zoning permits a wide range of retail and office uses, maximizing development flexibility. Infrastructure is readily available, with water and sewer services already in place, and the property is conveniently situated within the Tuckahoe Creek Service District. This location benefits from significant residential growth, with 225 new homes planned within one mile and over 500 new homes within a 2.5-mile radius, creating a robust and expanding customer base. Existing nearby retail establishments include McDonald's, Taco Bell, Truist Bank, Wells Fargo, Food Lion, and Advanced Auto Parts, further solidifying the area's commercial viability. This is a rare opportunity to acquire a well-positioned, ready-to-develop commercial land parcel in a thriving and rapidly growing area. Don't miss this chance to capitalize on the potential of this prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1-BUS/GEN · Richmond, VARichmond. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.