Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retirement homes

    9301 Patterson Ave, Richmond, VA 23229

    265,116 SF
    Property ID
    US87-1052215
    Property summary
    AI-generated overview

    This exceptional 265,116 square foot vacant land parcel, located at 9301 Patterson Avenue in Richmond, Virginia (zip code 23229), presents a unique investment opportunity. The property is zoned R-6, having undergone rezoning in 2022 specifically for the development of a senior living or assisted living facility. Site plans have already received approval, a significant advantage streamlining the development process. This includes the crucial addition of a lighted and widened turn lane, enhancing accessibility and visibility. The property boasts convenient access to water and sewer utilities, eliminating significant infrastructure hurdles. Its prime location adjacent to the YMCA and within the vibrant Patterson Avenue neighborhood offers proximity to numerous amenities. The Henrico County location ensures a stable and desirable market for this type of development. The asking price for this shovel-ready site is $3,700,000. The APN is 748-741-8046. This is a truly exceptional opportunity to capitalize on the growing demand for senior living facilities in a highly desirable location.

    Property profile
    Verified
    Property type Retirement homes
    Total area 265,116 SF
    APN 748-741-8046
    UPID US87-1052215
    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
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 9301 Patterson Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message