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    6315 Jahnke Rd Richmond, VA 23225-4142
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    Property profile & analytics

    6315 Jahnke Rd, Richmond, VA 23225-4142

    View on Map
    • Community centers
    • 72,396 SF
    • 7.56 lot acres
    Off-Market
    Property ID
    US87-1210910
    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.
    Value Estimations
    $2,085,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store
    • Encore Wellness Physical Therapy / Medical Clinic
    • Parkway Shopping Center / Business Service Center / Corporate Office
    • R J Events & Party Rentals / Party Supply Store / Rental Equipment Company
    • ATM / Atm

    Property Details for 6315 Jahnke Rd

    Year built
    1979
    Construction
    TYPE NOT SPECIFIED
    Lot size
    7.56 lot acres
    Zone code
    R-3 SINGLE FAMILY
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    C-005-0603-037
    APU
    C0050603037

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 25, 2016 $3,575,000 Whitehead & Chiocca Props LLC Lim Fam Ptshp Grant Deed $1M · Union Bk&tr
    May 31, 2007 $3,550,000 Lim Family Prtnrshp West End Rentals Warranty Deed $2.8M · Wachovia Mtg Corp
    — — Lim Family Partnership — Deed Of Trust · related $150k · Wachovia Mtg Corp/ft Lauderdal
    — — Lim Family Ptshp — Deed Of Trust · related $200k · Seung I & Joo H Lee

    Description

    This exceptional retail opportunity is located within the Parkway Shopping Center in Richmond, Virginia, at 6315 Jahnke Rd, zip code 23225. The center boasts a total of 10,840 square feet of retail space, with a significant 6,816 square feet currently available for lease. The property features ample parking, ensuring convenient access for customers. The building offers excellent signage opportunities on its facade, providing high visibility for tenants. The Parkway Shopping Center benefits from a diverse tenant mix, creating a vibrant and attractive shopping environment. The center enjoys excellent frontage and easy accessibility, making it a highly desirable location for businesses. The property is anchored by established national retailers, Family Dollar and Dollar Tree, drawing significant foot traffic to the center. This prime retail space presents a unique chance to establish or expand a business in a thriving Richmond community. The available space totals 6,816 square feet, offering flexibility for various retail concepts. The property's location in Richmond County, Virginia, provides access to a strong consumer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5129
    Latitude
    37.5198
    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
    $1,630,000
    $2,859,000
    $4,489,000
    -
    $1,630,000
    $2,859,000
    $4,489,000

    Comparable in this City

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      23,126 SF

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      Turnkey Automotive Property on Turnpike

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      Turnkey Automotive Property on Turnpike

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      Neighborhood shopping center with strong traffic and immediate name recognition.
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    Richmond, VA 23225-4142
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    6315 Jahnke Rd, Richmond, VA, 23225
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