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Property profile & analytics
FOR LEASE
Community centers

7101 Forest Hill Ave Richmond, VA 23225

39,810 SF 15.31 ac lot Built 1995
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US87-0752201
7101 Forest Hill Ave, Richmond, VA 23225 For Lease
$4,160,000
7101 Forest Hill Ave, Richmond, VA 23225
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Property summary
AI-generated overview

The Shops at Stratford Hills, a Class A retail strip center, presents a unique investment opportunity in Richmond, Virginia. Located at 7101 & 7045 Forest Hill Avenue in Chesterfield County (zip code 23225), this 54,500 square foot property boasts 12 suites, currently offering 11 available spaces. Built in 1995, the center provides a range of sizes, accommodating businesses needing anywhere from 1,100 square feet to a maximum contiguous space of 30,000 square feet. The property's strategic location offers excellent visibility and accessibility, benefiting from its proximity to established anchors such as Publix and Target. This presents a compelling opportunity for businesses seeking high-traffic locations within a thriving retail environment. The entire center is currently vacant, providing a blank canvas for a new tenant mix or a complete redevelopment. The property is classified as a multi-tenant strip center, ideal for a variety of retail and restaurant concepts. This is a rare chance to acquire a significant retail presence in a desirable Richmond market. The property's size and layout offer flexibility for a diverse range of tenants, making it an attractive investment for both individual businesses and larger portfolios. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1995
Construction TYPE NOT SPECIFIED
Total area 39,810 SF
Lot 15.31 ac (666,991 SF)
Zoning code MULTIPLE ZONING
APN C-004-0823-030
UPID US87-0752201
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
  • Domino's Pizza Take-out & Catering
  • Bella Nails Nail Salon
  • Sport Clips Haircuts of Richmond - Shops At Stratford Hills Hair Salon
  • pOpshelf (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
$4.16M
Owner & transaction history
Pine Dell Corp · 20 yrs held
Pine Dell Corp
since 2005
3 recorded transactions
2023
Price N/A
2005
Price N/A
2005
Price N/A
Zoning & alternative use
MULTIPLE ZONING · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $6.6M +1.4%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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