Property profile

4712 Nine Mile Rd Richmond, VA 23223

FOR SALE
Commercial real estate
Property ID
US87-0833640
1.96 ac lot
Entity Owned 3-yr Hold
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1.96-acre development site presents a unique opportunity in Richmond, Virginia. Located at 4712 & 4716 Nine Mile Road, this property boasts a prime location with convenient access to N Laburnum Avenue. The expansive lot offers significant potential for a variety of commercial and residential projects. The zoning designations, B3, B3C, R3, and R4, provide flexibility for diverse development plans. Situated in Henrico County, this land parcel offers a strategic advantage within a thriving market. The single tenancy status simplifies development considerations. Detailed site plans and feasibility studies can be conducted to explore the full range of development possibilities. This property is ideal for developers seeking a substantial land parcel in a high-growth area of Richmond. The 1.96-acre size allows for ample space to create a significant project. The address is easily accessible and visible from Nine Mile Road, offering excellent visibility for any future development. This is a rare opportunity to acquire a large, well-located parcel in a desirable area of Richmond, Virginia, with the potential for substantial returns. Further due diligence is encouraged to fully assess the development potential based on the zoning regulations and local development guidelines. The property's location in Henrico County provides access to various amenities and infrastructure. This is a truly remarkable opportunity for developers seeking a prime location for their next project.

Property profile

Verified
Property type Commercial real estate
Lot 1.96 ac (85,378 SF)
UPID US87-0833640

Cap rate & NOI

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

Location

4712 Nine Mile Rd Richmond, VA 23223
Richmond metro
Google Maps

Value estimations

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

Owner & transaction history

since 2023
1 recorded transaction
2023
$127,172

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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