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Property profile & analytics
FOR LEASE
Strip malls

4665 Richmond Rd Warsaw, VA 22572

63,820 SF 9.8 ac lot Built 1992
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US87-2565330
Property summary
AI-generated overview

Warsaw Village Shopping Center presents a unique opportunity for retail businesses seeking high-traffic exposure in the heart of Virginia's Northern Neck. This 60,100 square foot necessity-anchored shopping center boasts a prime location on Richmond Road, benefiting from the strong daily traffic generated by its anchor tenants: Food Lion, Walgreens, and a Virginia ABC store. As one of only three major grocery stores serving the entire Northern Neck, this center enjoys a significant regional draw, ensuring a consistent flow of customers. Currently, there are 2,800 square feet of vacant retail space available, divisible to a minimum of 2,800 square feet and a maximum contiguous space of 2,800 square feet. The property also features a desirable pad site with drive-thru potential, ideal for businesses seeking enhanced visibility and convenience. This location is particularly well-suited for businesses such as nail salons, insurance offices, and cell phone stores. The center's strategic location and strong anchor tenants create an exceptional environment for retail success. The high volume of daily traffic and the regional draw of the grocery stores provide a significant advantage for prospective tenants. The available pad site with drive-thru potential offers additional opportunities for expansion and customization. This is a rare opportunity to establish a presence in a thriving retail center within a highly sought-after market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1992
Construction WOOD
Total area 63,820 SF
Lot 9.8 ac (426,888 SF)
Zoning code TOWN OF WARSAW
APN 16(6)4
UPID US87-2565330
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.66M
Owner & transaction history
Brf II Warsaw LLC · 5 yrs held
Brf II Warsaw LLC
since 2020
Last sale
$3.7M
1 recorded transaction
2020
$3.7M
Zoning & alternative use
TOWN OF WARSAW · Warsaw, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Development Code
Try Rey
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More about this property
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