Property profile & analytics
5717 Midlothian Tpke Richmond, VA 23225-6115
- Office buildings
- 3,164 SF
- 0.37 lot acres
OFF-MARKET
Last Sale
Mar 28, 2022
Mar 28, 2022
$500,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US87-0102313
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Office buildings
Property Details for 5717 Midlothian Tpke
- Year built
- 1977
- Construction
- WOOD
- Lot size
- 0.37 lot acres
- Property size
- 3,164 SF
- Zone code
- B-3 GENERAL BUSINESS
- Property type
- Office buildings
- APN
- C-006-0789-006
- APU
- C0060789006
Description
This exceptional commercial property, located at 5717 Midlothian Turnpike in Richmond, Virginia, presents a compelling investment opportunity. The building boasts over 3,000 square feet of adaptable space, perfectly suited for a diverse range of professional businesses. Its prime location ensures high visibility and easy accessibility, making it an attractive proposition for companies seeking a prominent presence in a busy area of the city. Currently generating income as a leased daycare center, this property offers a stable revenue stream for investors while simultaneously presenting significant potential for future development or adaptation to suit a variety of commercial uses. The building's versatile layout allows for customization to meet the specific needs of various tenants, making it an ideal choice for businesses requiring ample space for offices, specialized services, or other commercial operations. The property sits on a 0-acre lot and is listed at $675,000. Its strategic location on Midlothian Turnpike guarantees significant foot and vehicle traffic, maximizing exposure and potential for client acquisition. This is a rare opportunity to acquire a well-situated, income-producing commercial property in a thriving Richmond neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
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Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.5032
- Latitude
- 37.5048
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20
$190,000
$269,000
$459,000
-
$190,000
$269,000
$459,000
