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Property profile & analytics
FOR SALE
Retail space

4150 Tom Leonard Dr Glen Allen, VA 23060

13,376 SF 6.29 ac lot Built 2004
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US87-0645352
Property summary
AI-generated overview

This exceptional 1.52-acre commercial land parcel presents a remarkable investment opportunity in the thriving Short Pump area of Glen Allen, Virginia. Located at 4150 Tom Leonard Drive, zip code 23060, this M-1 zoned property boasts unparalleled visibility and accessibility. Its strategic location directly adjacent to Tom Leonard's Farmer's Market ensures high foot traffic and brand recognition. The property is also situated across from West Broad Village, a bustling retail center, and enjoys convenient access to Interstate 64 via nearby highway exits. This prime location is surrounded by a concentration of major grocery stores including Whole Foods, Trader Joe's, Fresh Market, Publix, Kroger, Lidl, and Aldi, creating a dense and desirable retail environment. The asking price is $1,750,000, translating to approximately $1,151,316 per acre. This represents a significant opportunity for developers seeking to capitalize on the area's robust commercial growth and strong consumer base. The property's size and zoning make it ideal for a variety of commercial retail developments. Don't miss this chance to secure a premier location in one of Richmond's most sought-after commercial districts.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Total area 13,376 SF
Lot 6.29 ac (273,992 SF)
Zoning code M-1
APN 743-762-6518
UPID US87-0645352
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
  • Tom Leonard's Farmer's Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.47M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.77M
Owner & transaction history
G3 Investments LLC · 11 yrs held
G3 Investments LLC
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
M-1 · Glen Allen, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.9M +39.9%
Medical building $2.5M +18.4%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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