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Property profile & analytics
OFF-MARKET Estimated value $16,585,000
Retail space

7901 Brk Rd Richmond, VA 23227-1336

204,358 SF 25.99 ac lot Built 1997
Individually Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US87-0754667
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Total area 204,358 SF
Lot 25.99 ac (1,132,168 SF)
Zoning code B-3
APN 784-755-9033
UPID US87-0754667
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$19.90M
Blend (final) Blend
$16.59M
Owner & transaction history
Commonwealth Of Va · 14 yrs held
Commonwealth Of Va
since 2011
1 recorded transaction
2011
Price N/A
Zoning & alternative use
B-3 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name General Business District
General category COMMERCIAL
Zone area 1,081.39 ac
Source code of ordinances
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