Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4019 Macarthur Ave Richmond, VA 23227-4050

    Property Lookup

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

    4019 Macarthur Ave Richmond, VA 23227-4050

    View on Map
    • Strip malls
    • 17,099 SF
    • 0.67 lot acres
    Off-Market
    Property ID
    US87-0978831
    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
    $550,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mi Jalisco Family Méxican Restaurant / Restaurant

    Property Details for 4019 Macarthur Ave

    Year built
    1937
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.67 lot acres
    Property size
    17,099 SF
    Zone code
    B-1 NEIGHBORHOOD BUSINESS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    N-000-2181-033
    APU
    N0002181033

    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
    -77.4579
    Latitude
    37.5892
    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
    $221,000
    $941,000
    $1,162,000
    -
    $221,000
    $941,000
    $1,162,000

    Comparable in this City

    • Value Estimation
      $1,020,000
      6,800 SF

      6020 Brk Rd

      SHOPPING CENTER, STRIP CENTER • 6,800 SF
      6020 Brk Rd, Richmond, VA 23227-2279
      View Details
    • Value Estimation
      $630,000
      6,294 SF

      7601 Brk Rd

      SHOPPING CENTER, STRIP CENTER • 6,294 SF
      7601 Brk Rd, Richmond, VA 23227-1867
      View Details
    • Value Estimation
      $600,000
      3,600 SF

      8131 Brk Rd

      SHOPPING CENTER, STRIP CENTER • 3,600 SF
      8131 Brk Rd, Richmond, VA 23227-1307
      View Details
    • Value Estimation
      $820,000
      8,820 SF

      5936 Brk Rd

      SHOPPING CENTER, STRIP CENTER • 8,820 SF
      5936 Brk Rd, Richmond, VA 23227-2258
      View Details
    • Value Estimation
      $505,000
      5,037 SF

      5930 Brk Rd

      SHOPPING CENTER, STRIP CENTER • 5,037 SF
      5930 Brk Rd, Richmond, VA 23227-2258
      View Details
    • Value Estimation
      $2,625,000
      27,796 SF

      5270 Chamberlayne Rd

      SHOPPING CENTER, STRIP CENTER • 27,796 SF
      5270 Chamberlayne Rd, Richmond, VA 23227-2950
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Richmond Former Bank on Azalea

      2,676 SF former bank building on 0.66 acres.
      1101 Azalea Ave, Richmond, VA 23227
      View Details
    • Contact for pricing
      4,280 SF

      Retail Space on Chamberlayne Road

      Retail space for rent with frontage on Chamberlayne Road.
      5602 Chamberlayne Rd, Richmond, VA 23227
      View Details
    • $700,000
      2,676 SF

      Former Bank Building on Azalea

      2,676 SF former bank building for sale on 0.653 AC.
      1101 Azalea Ave, Richmond, VA 23227
      View Details
    • Contact for pricing

      1.55 Acres Retail/Flex Land

      1.55 acres of B-3 zoned land ready for development.
      5409 Brook Rd, Richmond, VA 23227
      View Details
    • Contact for pricing

      Land Near I-95 and Residences

      Commercial land for rent near I-95 and residential area.
      7101 Brook Rd, Richmond, VA 23227
      View Details
    • Contact for pricing
      72,890 SF

      Class A Office Building Available

      72,890 SF single-story office building with convenient highway access.
      8580 Magellan Pkwy, Richmond, VA 23227
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Brookside Center

      Retail space available in Henrico County shopping center.
      7601 Brook Rd, Richmond, VA 23227
      View Details
    • Contact for pricing
      2,544 SF

      Retail Pad Site Available

      Retail pad site with drive-thru opportunity near major retailers.
      5214 Chamberlayne Rd, Richmond, VA 23227
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space on Brook Road

      Well-maintained retail space with high visibility and easy highway access.
      5936-5948 Brook Rd, Richmond, VA 23227
      View Details
    • Contact for pricing
      765 SF

      Neighborhood Retail Center For Rent

      163,000+ SF retail center with convenient highway access.
      5208-5246 Chamberlayne Rd, Richmond, VA 23227
      View Details
    • Contact for pricing
      3,200 SF

      Neighborhood Retail Center For Rent

      163,000+ SF retail center with convenient highway access.
      5300-5322 Chamberlayne Rd, Richmond, VA 23227
      View Details
    • Contact for pricing
      679 SF

      Retail Space Near Medical Center

      Retail space available near Bon Secours Memorial Regional Medical Center.
      5100-5118 Richmond Henrico Tpke, Richmond, VA 23227
      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.
    4019 Macarthur Ave
    Richmond, VA 23227-4050
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!