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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3600 S Crater Rd Petersburg, VA 23805

    • Retail space
    • 12,400 SF
    • 1.31 lot acres
    For Lease
    View listing
    $3,000 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1445541
    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.

    Current Use by Public Records

    • Executive Cuts and Styles(at Studio Row) / Barber Shop
    • Petersburg Tobacco & Vape, LLC / Tobacco Shop
    • Bicycle Shop / Bicycle Shop
    • Tobacco & vape & CBD & Delta8 & Kratom / Vaporizer Store

    Property Details for 3600 S Crater Rd

    Year built
    2002
    Construction
    FRAME
    Lot size
    1.31 lot acres
    Property size
    12,400 SF
    Zone code
    B-2
    Property type
    Retail space
    APN
    101060800
    APU
    101060800

    Description

    This exceptional retail space is situated at 3600 Crater Lake Boulevard in Petersburg, Virginia. The property type is designated as retail, offering significant potential for a variety of businesses. While the precise square footage is currently unavailable, the property's location within a high-traffic area ensures excellent visibility and accessibility for customers. The property sits on a lot of zero acres, suggesting a compact and potentially easily managed footprint. The asking price for this property is currently undisclosed. This presents a unique opportunity for entrepreneurs and established businesses seeking a strategic location in Petersburg. The address, 3600 Crater Lake Boulevard, provides easy identification and navigation for potential clients and employees. Given the absence of square footage details, interested parties are encouraged to inquire directly for further information regarding the property's dimensions and layout. This property's prime location in Petersburg makes it an attractive investment opportunity for those seeking a strong foothold in a vibrant market. The lack of a listed price allows for flexible negotiation and a potentially advantageous deal. Serious inquiries are welcome. Further details regarding the property's specifications and potential uses are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg City
    State
    Virginia
    Longitude
    -77.3643
    Latitude
    37.1788
    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
    $12,564
    $277,100
    $653,600
    $930,700
    -
    $277,100
    $653,600
    $930,700

    Comparable in this City

    • Value Estimation
      $765,000
      22,361 SF

      3120 Crater Rd

      RETAIL STORES (PERSONAL SERVICES) • 22,361 SF
      3120 Crater Rd, Petersburg, VA 23805-9219
      View Details
    • Value Estimation by Request
      7,225 SF

      25 Wagner Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,225 SF
      25 Wagner Rd, Petersburg, VA 23805-9312
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    • Value Estimation
      $560,000
      22,996 SF

      2141 Crater Rd

      RETAIL STORES (PERSONAL SERVICES) • 22,996 SF
      2141 Crater Rd, Petersburg, VA 23805-2701
      View Details
    • Value Estimation by Request
      5,544 SF

      1951 Sycamore St

      RETAIL STORES (PERSONAL SERVICES) • 5,544 SF
      1951 Sycamore St, Petersburg, VA 23805-2728
      View Details
    • Value Estimation by Request
      14,270 SF

      1952 Sycamore St, Unit 58

      RETAIL STORES (PERSONAL SERVICES) • 14,270 SF
      1952 Sycamore St, Petersburg, VA 23805-2729
      View Details
    • Value Estimation by Request
      1,560 SF

      2555 Crater Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,560 SF
      2555 Crater Rd, Petersburg, VA 23805-2407
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail space available near I-95 and Southside Regional Hospital.
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      Retail space available in Petersburg, near Walmart and I-95.
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      Prime retail space in a well-trafficked shopping center.
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      Retail Space in South Crater

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    • Contact for pricing
      13,100 SF

      Retail Building Near Major Roads

      13,100 SF retail building with ample parking available for lease.
      3120 S Crater Rd, Petersburg, VA 23805
      View Details
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    Petersburg, VA 23805
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    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
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