Property profile

12855 Broad St Rd Richmond, VA 23233

OFF-MARKET
Industrial properties
Property ID
US87-0177926
1,860 SF 5.29 ac lot Built 1979
Entity Owned 8-yr Hold Absentee Owner
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1979
Total area 1,860 SF
Lot 5.29 ac (230,563 SF)
Zoning code B1-BUS/GEN
APN 58 12 A
UPID US87-0177926

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12855 Broad St Rd Richmond, VA 23233-7402
Richmond metro Census 400102 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2018
1 recorded transaction
2018
$2.1M

Zoning & alternative use

B1-BUS/GEN · Richmond, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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