7901 Brk Rd Richmond, VA 23227-1336
This exceptional 0.6-acre commercial land parcel presents a unique development opportunity in a high-traffic location. Situated at the Parham Road exit of I-95, this property enjoys unparalleled visibility and accessibility. The land is located directly in front of a thriving power center anchored by Lowe's and Kroger, ensuring consistent high foot traffic and strong consumer presence. This is the last remaining outparcel in the project, making it a truly rare find. The site benefits from its position across the drive aisle from a high-volume Starbucks, further enhancing its desirability and potential for success. The property's location offers significant advantages for businesses seeking high visibility and convenient access for customers. With an impressive 34,000 average annual daily traffic count on Parham Road, this parcel is ideally positioned to capitalize on the substantial consumer traffic generated by the surrounding retail establishments. The asking price for this exceptional commercial land is $250,000. This is a prime opportunity to establish a successful business in a highly sought-after location within Henrico County, Virginia, at 7901 Brook Road, Richmond, VA 23227. Don't miss this chance to secure this last remaining outparcel in a thriving retail environment.
of community identity. The B-3 General Business District has been amended with the aim of improving aesthetics and walkability by reducing parking, increasing screening requirements, adding uses to provide services to nearby residents in an effort to encourage more cohesive community fabric, and mitigating the impact of auto-oriented uses on adjacent residen…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Richmond, VAof community identity. The B-3 General Business District has been amended with the aim of improving aesthetics and walkability by reducing parking, increasing screening requirements, adding uses to provide services to nearby residents in an effort to encourage more cohesive community fabric, and mitigating the impact of auto-oriented uses on adjacent residential neighborhoods. The amendments were intended to gradually improve the character and livability of those corridors, while still providing space for businesses to provide services. ( Ord. No. 2020-209 , § 2, 10-12-2020; Ord. No. 2023-101 , § 5, 4-24-2023)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.