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Property profile & analytics
FOR LEASE
Super regional malls

4816 S Laburnum Ave Richmond, VA 23231

59,480 SF 11.73 ac lot Built 1980
Entity Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US87-3912071
Property summary
AI-generated overview

Laburnum Square, a vibrant 109,405 square foot shopping center in Richmond, Virginia, presents a compelling investment opportunity. Located at 4816 S Laburnum Ave, zip code 23231, this multi-tenant property sits on an 11.73-acre lot in Henrico County. Built in 1978, the center offers 575 parking spaces for ample customer convenience. Currently, there are 3,360 square feet of vacant space available, with two spaces ranging from 2,000 to 3,780 square feet. The property benefits from a high-traffic location at a signalized intersection of S. Laburnum Avenue (29,632 AADT) and Williamsburg Road (14,130 AADT), ensuring exceptional visibility and accessibility. A diverse tenant mix includes established national, regional, and local businesses such as Kroger, Dollar General, Taylor's Do it Center, Boost Mobile, Rent-A-Center, America's Best Wings, and Skrimp Shack, creating a strong and well-established retail environment. The center's impressive visit frequency of 5.72 demonstrates its enduring appeal and customer loyalty. This property offers a unique chance to capitalize on a thriving retail location with significant foot traffic and a proven track record of success. The available space provides an excellent opportunity for expansion or new business ventures within a well-established and successful shopping center.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1980
Total area 59,480 SF
Lot 11.73 ac (510,959 SF)
Zoning code B-2
APN 815-714-7661
UPID US87-3912071
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
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.14M
Owner & transaction history
Laburnum Square LLC · 20 yrs held
Laburnum Square LLC
since 2005
5 recorded transactions
2019
Price N/A
2005
$10.0M
2005
$1.0M
2005
$13.6M
1969
Price N/A
Zoning & alternative use
B-2 · Henrico, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $9.9M +1.4%
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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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