Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2909 9th Mile Rd Richmond, VA 23223-5357
    Back to Search
    Property profile & analytics

    2909 9th Mile Rd, Richmond, VA 23223-5357

    View on Map
    • Grocery and convenience stores
    • 1,763 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Jan 15, 2021
    Property ID
    US87-1096479
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dolce Pizza / Restaurant

    Property Details for 2909 9th Mile Rd

    Year built
    2001
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.21 lot acres
    Zone code
    B-2 COMMUNITY BUSINESS
    Property type
    Grocery and convenience stores
    APN
    E-000-0793-002
    APU
    E0000793002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 11, 2026 — Cks Lee LLC Anne Carter Robins & Walter R Robin Quitclaim Deed · related —
    Feb 11, 2026 $330,000 Msa3 LLC Cks Lee LLC Deed —
    Jan 15, 2021 — Cks Lee LLC Choong K Lee Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4028
    Latitude
    37.5413
    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
    2020
    $20
    $91,000
    $74,000
    $165,000
    -
    $91,000
    $74,000
    $165,000

    Comparable in this City

    • Value Estimation by Request
      4,004 SF

      2600 Main St

      CONVENIENCE STORE (W/FUEL PUMP)
      2600 Main St, Richmond, VA 23223-7850
      View Details
    • Value Estimation
      $4,910,000
      42,031 SF

      2400 Main St

      GROCERY, SUPERMARKET
      2400 Main St, Richmond, VA 23223-7846
      View Details
    • Value Estimation
      $530,000
      1,912 SF

      1912 Mechanicsville Tpke

      CONVENIENCE STORE (W/FUEL PUMP)
      1912 Mechanicsville Tpke, Richmond, VA 23223-3940
      View Details
    • Value Estimation
      $2,550,000
      3,040 SF

      3606 9th Mile Rd

      CONVENIENCE STORE
      3606 9th Mile Rd, Richmond, VA 23223-4812
      View Details
    • Value Estimation by Request
      5,640 SF

      1600 Mechanicsville Tpke

      CONVENIENCE STORE (W/FUEL PUMP)
      1600 Mechanicsville Tpke, Richmond, VA 23223-3902
      View Details
    • Value Estimation
      $625,000
      5,156 SF

      4812 9th Mile Rd

      CONVENIENCE STORE
      4812 9th Mile Rd, Richmond, VA 23223-5730
      View Details

    Similar Nearby for Sale

    • $7,355,891

      Richmond Retail Building For Sale

      3,440 SF retail building in Richmond, VA for sale.
      1301 N Laburnum Ave, Richmond, VA 23223
      View Details
    • $795,000

      Historic Shockoe Bottom Redevelopment Opportunity

      Redevelopment opportunity in historic Shockoe Bottom neighborhood.
      7 N 18Th St, Richmond, VA 23223
      View Details
    • $175,000
      0.05 Acres

      Church Hill Retail Lot Investment

      Prime Richmond location, redevelopment potential.
      1205 25Th St, Richmond, VA 23223
      View Details
    • $799,000
      3,319 SF

      Richmond Mixed-Use Redevelopment

      Prime North Church Hill retail space, huge potential.
      1201 25Th St, Richmond, VA 23223
      View Details
    • Contact for pricing
      6,403 SF

      Historic Shockoe Bottom Redevelopment Opportunity

      Redevelopment opportunity in Richmond's historic Shockoe Bottom neighborhood.
      7 N 18Th St, Richmond, VA 23223
      View Details
    • $595,000

      Corner Commercial Building in Richmond

      Single-story, open brick building zoned B2 for retail or office.
      1201 N 25Th St, Richmond, VA 23223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Convenience Store in Shockoe Bottom

      Retail/Convenience Store with connectivity to I-95 and walkable amenities.
      1700 E Broad St, Richmond, VA 23223
      View Details
    • Contact for pricing
      3,109 SF

      Retail Space For Lease

      Retail space available in Richmond's East End sub-market.
      4869-4949 Nine Mile Rd, Richmond, VA 23223
      View Details
    • Contact for pricing
      330 SF

      Downtown Richmond Retail Space Available

      Retail space for rent in downtown Richmond with easy access.
      2005 East Franklin St, Richmond, VA 23223
      View Details
    • Contact for pricing

      Food Lion Anchored Retail Center

      Retail spaces for lease in Richmond, excellent visibility.
      3101 Mechanicsville Tpke, Richmond, VA 23223
      View Details
    • Contact for pricing

      Retail Space at Pohlig Factory

      Retail space available for lease at Pohlig Box Factory.
      2411 E Franklin St, Richmond, VA 23223
      View Details
    • $2,800 /Mo

      Prime Retail Space in Richmond

      6,125 SF retail space in the heart of Shockoe Bottom.
      15 N 18Th St, Richmond, VA 23223
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2909 9th Mile Rd
    Richmond, VA 23223-5357
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2909 9th Mile Rd, Richmond, VA, 23223
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!