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Property profile & analytics
OFF-MARKET Estimated value $2,650,000
Retail space

2061 Huguenot Rd North Chesterfield, VA 23235-4306

6,565 SF 0.83 ac lot Built 1997
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0923426
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully-leased, three-tenant retail strip center totaling 6,565 square feet, situated on a 0.834-acre lot at 2061 Huguenot Road in Richmond, Virginia. The property, built in 1997 and renovated in 2020, boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $183,698 and a 6.50% cap rate. The asking price is $2,826,130, translating to $430.48 per square foot. Tenants include Maple Street Biscuit Company (with a corporate guaranty from Cracker Barrel Old Country Store Inc.), Fusion Bowl, and Hot Yoga Barre. This single-story building benefits from excellent visibility at a signalized corner, positioned as an outparcel to a Publix-anchored shopping center. The location enjoys high traffic counts on Huguenot Road (33,000 vehicles per day) and Robious Road (18,000 vehicles per day), serving the affluent Midlothian suburb of Richmond. Nearby prominent retailers include Starbucks, Outback Steakhouse, and Sheetz, further enhancing the property's desirability. The property's location within a high-income area, with average household incomes exceeding $150,000 within a three-mile radius, ensures a stable and lucrative investment. The property is offered fee simple. The APN is 740714536700000. This is a rare opportunity to acquire a high-performing retail asset in a prime location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Total area 6,565 SF
Lot 0.83 ac (36,329 SF)
Zoning code C3 - COMMUNITY BUS DIST
APN 740-71-45-36-700-000
UPID US87-0923426
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
  • Maple Street Biscuit Company Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.65M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.65M
Owner & transaction history
Midlothian Venture LLC · 1 yrs held
Midlothian Venture LLC
since 2024
Last sale
$2.7M
4 recorded transactions
2025
Price N/A
2024
$2.7M
2018
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
Restaurant $1.8M +95.3%
Commercial (general) $1.6M +73.4%
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