Property profile

6401 Mallory Dr Richmond, VA 23226

OFF-MARKET
Office buildings
Property ID
US87-1301782
1,024 SF 0.21 ac lot Built 1952
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,200 square foot freestanding retail building is located at 6401 Mallory Drive in Richmond, Virginia, zip code 23226. Situated in Henrico County with B-2 zoning, this property enjoys a prominent corner lot location within a developing small business area near W. Broad and Horsepen Roads. The building is currently vacant and available for lease, offering a single-tenant occupancy. Recent renovations ensure a move-in ready condition for immediate occupancy. On-site parking is provided for the convenience of tenants and customers. The property's 1,200 square feet provide ample space for a variety of retail or commercial uses. Its strategic location offers excellent visibility and accessibility, making it an ideal opportunity for businesses seeking a well-maintained space in a growing commercial district. The property is ready for immediate occupancy, eliminating the need for extensive pre-leasing preparations. This presents a unique opportunity for businesses to establish a presence in a vibrant and up-and-coming area of Richmond.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1952
Total area 1,024 SF
Lot 0.21 ac (8,999 SF)
Zoning code B-2
APN 767-742-7626
UPID US87-1301782

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Business Management Consultant
  • Real Estate Agency

Location

6401 Mallory Dr Richmond, VA 23226-2911
Richmond metro Census 200303 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2021
Last sale
$250,000
2 recorded transactions
2021
$250,000
2019
$162,500

Zoning & alternative use

B-2 · Richmond, VA
Zoning description

Screening regulations in the B-2 Community Business District shall be as follows: (1) Where a side lot line abuts property in an R district, there shall be a continuous evergreen vegetative screen not less than 31⁄2 feet…

General category COMMERCIAL

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
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