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    Property profile & analytics

    9200 Stony Point Pkwy Richmond, VA 23235

    • Super regional malls
    • 123,320 SF
    • 13.71 lot acres
    For Lease
    View listing
    Last Sale
    Apr 04, 2022
    $14,625,000
    Value Estimations
    $11,895,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1246186
    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.

    Current Use by Public Records

    • Stony Point Fashion Park / Shopping Center & Mall
    • Nino's Italian Delight Subs & Pizza Express / Restaurant
    • SoulShine Studios / Training Center
    • Gnome & Raven / Arcade & Gaming Center
    • PastryBase / Food Processing Plant / Factory

    Property Details for 9200 Stony Point Pkwy

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    13.71 lot acres
    Property size
    123,320 SF
    Zone code
    R-2 SINGLE FAMILY
    Property type
    Super regional malls
    APN
    C-001-0757-010
    APU
    C0010757010

    Description

    This exceptional retail opportunity is located within the prestigious Stony Point Fashion Park, a vibrant 687,411 square-foot open-air lifestyle center in Richmond, Virginia. The property offers multiple tenancy options, with available spaces ranging from a minimum of 846 square feet to a maximum contiguous space of 9,652 square feet. Currently, 10,498 square feet are vacant, presenting a unique chance to establish a presence in this thriving retail destination. Stony Point Fashion Park is anchored by high-profile retailers including Tiffany & Co., Saks Fifth Avenue, Fleming’s Steakhouse, Anthropologie, Restoration Hardware, Dillard’s, CMX CineBistro, and P.F. Chang’s, attracting a significant volume of affluent shoppers. Its strategic location in Richmond, near affluent suburbs like Southampton, Westham, and Windsor Farms, ensures high visibility and accessibility to a substantial consumer base exceeding 930,000 people within a 15-mile radius. The proximity to several universities, the Virginia State Capitol, and Virginia Commonwealth University Medical Center further enhances the property's appeal and potential for success. This is an unparalleled opportunity to secure prime retail space in a highly sought-after location within a successful and established shopping center. Contact us today to learn more about leasing options and to explore the possibilities of establishing your business in this dynamic environment. The property is located at 9200 Stony Point Pkwy, Richmond, VA 23235, in Richmond County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,805,000
      ML approach
      $8,950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,458,000
      Market price range: $5.42M - $38.9M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $19,825,000
      RETAIL STORES
      $17,765,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5716
    Latitude
    37.5499
    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
    $2,897,000
    $8,131,000
    $11,028,000
    -
    $2,897,000
    $8,131,000
    $11,028,000

    Comparable in this City

    • Value Estimation
      $2,030,000
      83,680 SF

      9214 Stony Pt Pkwy

      REGIONAL SHOPPING CENTER, MALL • 83,680 SF
      9214 Stony Pt Pkwy, Richmond, VA 23235-1955
      View Details
    • Value Estimation
      $4,610,000
      208,645 SF

      9208 Stony Pt Pkwy

      REGIONAL SHOPPING CENTER, MALL • 208,645 SF
      9208 Stony Pt Pkwy, Richmond, VA 23235-1955
      View Details
    • Value Estimation
      $13,885,000
      89,168 SF

      9204 Stony Pt Pkwy

      REGIONAL SHOPPING CENTER, MALL • 89,168 SF
      9204 Stony Pt Pkwy, Richmond, VA 23235-1955
      View Details
    • Value Estimation by Request
      153,682 SF

      7206 Hull Street Rd

      Strip malls • 153,682 SF
      7206 Hull Street Rd, Richmond, VA 23235
      View Details
    • Value Estimation
      $1,880,000
      23,275 SF

      7828 Midlothian Tpke

      SHOPPING CENTER COMMON AREA • 23,275 SF
      7828 Midlothian Tpke, North Chesterfield, VA 23235-5228
      View Details
    • Value Estimation
      $590,000
      17,408 SF

      1281 Carmia Way

      SHOPPING CENTER COMMON AREA • 17,408 SF
      1281 Carmia Way, North Chesterfield, VA 23235-4755
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      4,799 SF

      Richmond Retail Space For Rent

      Open-air retail space in Stony Point Fashion Park.
      9200 Stony Point Pkwy, Richmond, VA 23235
      View Details
    • Contact for pricing
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      Retail space available in Richmond's strong retail submarket.
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      View Details
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      Richmond Executive Office Suites

      Prime Retail & Office Space Available
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      Retail Space in Anchored Center

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      View Details
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    Richmond, VA 23235
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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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