Property profile

4501 S Laburnum Ave Richmond, VA 23231

FOR LEASE
Super regional malls
Property ID
US87-1077242
60,032 SF 62 ac lot Built 2008
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

White Oak Village, a premier shopping center in Henrico County, Virginia, offers eight available retail spaces ranging from 1,000 to 43,560 square feet. Strategically located at the intersection of I-64 (56,532 AADT) and S Laburnum Avenue (35,748 AADT) in Richmond, VA, this center boasts exceptional visibility and accessibility. The property benefits from a strong regional draw, with the nearest major retail hub 45 miles to the east. The surrounding area demonstrates robust demographics, with a population of 136,031 within a 5-mile radius and a daytime population of 82,971, projected to grow by nearly 3% in the next five years. Richmond's thriving economy, low unemployment, pro-business environment, and presence of Fortune 1000 companies contribute to a highly desirable location. The proximity to Richmond International Airport further enhances the area's economic vitality and employment growth. A significant boost to the area's daytime population is anticipated from Facebook's new $1.75 billion, 2.4 million square foot data center located just a 15-minute drive from White Oak Village at White Oak Technology Park. This prime location presents a unique opportunity for businesses seeking high visibility and access to a growing consumer base in a rapidly expanding market. The address is 4501 S Laburnum Ave, Richmond, VA 23231.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2008
Total area 60,032 SF
Lot 62 ac (2,700,546 SF)
Zoning code B-3C
APN 815-718-5710
UPID US87-1077242

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Restaurant
  • Restaurant
  • Restaurant

Location

4501 S Laburnum Ave Richmond, VA 23231
Richmond metro Census 201406 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$63.51M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$63.51M

Owner & transaction history

since 2024
Last sale
$63.5M
7 recorded transactions
2024
$63.5M
2024
Price N/A
2024
Price N/A
2012
$1.0M
2011
$1.1M
2009
$1.4M
2007
$3.0M

Zoning & alternative use

B-3C · Henrico, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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