6100 9th Mile Rd, Richmond, VA 23223-3539
- Car washes
- 4,087 SF
- 0.66 lot acres
Current Use by Public Records
- HOG Car Wash / Car Wash
- GO Car Wash / Car Wash
Property Details for 6100 9th Mile Rd
- Year built
- 1987
- Lot size
- 0.66 lot acres
- Zone code
- B-3
- Property type
- Car washes
- APN
- 819-726-1719
- APU
- 8197261719
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2024 | $1,620,000 | Clark Mountain Operations LLC | Realty Income Properties 21 LLC | Special Warranty Deed | $1.3M · New Horizon Bank NA |
| Dec 6, 2021 | $2,025,000 | Realty Income Properties 21 LLC | Briarfield Farm Enterprises LLC | Special Warranty Deed | — |
| Jun 11, 2018 | $532,500 | Briarfield Farm Enterprises LLC A V | Rva Investments LLC A Virginia Limi | Special Warranty Deed | $980k · Essex Bank |
| Jul 30, 2015 | $500,000 | Rva Investments LLC | Kane & Jeffries PC|secar At Rich LLC | Trustees Deed | — |
| Jun 21, 2007 | $600,000 | Secar At Rich LLC | Chung,isop | Grant Deed | $900k · Mercantile Potomac Bank |
| Aug 22, 2005 | $575,000 | Chung Isop | Chester Properties | Grant Deed | — |
| — | — | Isop Chung | — | Deed Of Trust · related | $750k · Pnc Bank |
Description
This exceptional investment opportunity presents a 4,200-square-foot car wash located at 6100 Nine Mile Rd, Richmond, VA 23223, in Henrico County. The property sits on a 0.66-acre lot and boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $135,603. The property is subject to a long-term, absolute triple-net (NNN) lease with 17.1 years remaining, commencing December 1, 2021, and expiring December 31, 2041. The lease includes five, five-year tenant renewal options, extending the potential lease term to 45 years. Annual rent is $135,603, with a 1.50% annual increase built into the lease. Built in 1987, this property offers significant tax advantages, qualifying for 15-year accelerated depreciation and bonus depreciation. The asking price is $1,695,038, translating to a price per square foot of $403.58. This is a rare opportunity to acquire a stable, high-yielding investment with substantial long-term growth potential. The property's strong tenant, long lease term, and built-in rent increases make it an attractive addition to any investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,520,000
- ML approach
- $1,845,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,340,000
Market price range: $370k - $1.40M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Henrico
- State
- Virginia
- Longitude
- -77.3401
- Latitude
- 37.5508
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
