Property profile

1293 Carmia Way North Chesterfield, VA 23235

OFF-MARKET
Shopping centers
Property ID
US87-0088063
9,625 SF 0.97 ac lot Built 1998
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,625 square foot storefront is available for sale at Chesterfield Market Place in Richmond, Virginia. Located at 1293 Carmia Way, zip code 23235, this owner-user opportunity boasts a prime location at the intersection of Midlothian Turnpike and Carmia Way, offering high visibility and significant traffic due to its proximity to Chesterfield Towne Center and Costco. The property is part of a vibrant shopping center anchored by established businesses such as The Floor Store, Home Depot, and PetSmart, and includes co-tenants like K1 Speed Indoor Karting, Sky Zone Trampoline Park, Dollar Tree, Aqua-Tots Swim, and Sally Beauty Supply. The asking price is $1,165,000, translating to $121.04 per square foot. Shared access and maintenance agreements are in place for the center, although common area and center restrictions apply. A brand new HVAC system was installed in July. The property is available for occupancy starting August 1, 2024. This presents a unique opportunity to establish a thriving retail business in a high-traffic, well-established shopping center. The property's location and strong co-tenancy make it an ideal investment for owner-users seeking a high-visibility retail space in a thriving market.

Property profile

Verified
Property type Shopping centers
Use group SHOPPING CENTER COMMON AREA
Year built 1998
Total area 9,625 SF
Lot 0.97 ac (42,340 SF)
Zoning code C3 - COMMUNITY BUS DIST
APN 743-71-06-81-600-000
UPID US87-0088063

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

1293 Carmia Way North Chesterfield, VA 23235-4755
North Chesterfield metro Census 100920 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$723k
Blend (final) Blend
$885k

Owner & transaction history

since 2025
Last sale
$1.1M
7 recorded transactions
2025
$1.1M
2018
Price N/A
2013
$504,000
2006
$750,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C3 - COMMUNITY BUS DIST · North Chesterfield, 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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