1847 Boydton Plank Rd Petersburg, VA 23805-8919
Property profile & analytics
1847 Boydton Plank Rd Petersburg, VA 23805-8919
- Retail space
- 9,403 SF
- 0.95 lot acres
Property ID
US87-0436801
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
- Family Dollar / Discount Store
Property Details for 1847 Boydton Plank Rd
- Year built
- 2020
- Lot size
- 0.95 lot acres
- Property size
- 9,403 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 51070805
- APU
- 51070805
Description
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 1847 Boydton Plank Rd, Petersburg, VA 23805, within the Richmond MSA. Built in 2021 on a 0.95-acre lot, this property boasts a 6.5-year remaining lease term (expiring 01/31/2031, commencing 02/01/2021) with six, five-year options, each including a 5% rent increase. The property generates a strong net operating income (NOI) of $129,792, yielding a compelling 7.85% cap rate at an asking price of $1,653,401. The tenant, Family Dollar (a subsidiary of Dollar Tree), is an investment-grade credit tenant with a corporate guarantee, providing significant financial stability. The store benefits from a prime location with high visibility, situated off I-85, experiencing approximately 58,000 vehicles per day, and serving a 5-mile population exceeding 48,090 residents with an average household income exceeding $77,593. The property features the newest Family Dollar interior model, enhancing perishable goods offerings. A roof warranty extends through March 2030. This is a rare opportunity to acquire a well-performing, low-risk retail investment with substantial upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Petersburg
- County
- Petersburg City
- State
- Virginia
- Longitude
- -77.4255
- Latitude
- 37.2021
- 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
2019
$0.00
$250,000
$863,400
$1,113,400
-
$250,000
$863,400
$1,113,400
