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Property profile & analytics

961 Temple Ave Colonial Heights, VA 23834-2800

  • Grocery and convenience stores
  • 2,248 SF
  • 0.75 lot acres
OFF-MARKET
Last Sale
Apr 12, 2023
$700,000
Value Estimations
$650,000
Show details
Cap Rate Potential
4.1%
Grocery and convenience stores
Location Intelligence
Property ID
US87-1767974
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

  • Sunoco Gas Station / Gas Station / Convenience Store
  • ATM (Uppy's Convenience Store) / Atm
  • Western Union / Money Transfer Service

Property Details for 961 Temple Ave

Year built
1992
Construction
FRAME
Lot size
0.75 lot acres
Property size
2,248 SF
Zone code
B1
Property type
Grocery and convenience stores
APN
6803000007C
APU
6803000007C

Description

This exceptional investment opportunity presents a thriving 2,675 square foot convenience store and gas station, ideally situated on a 0.75-acre lot at 961 Temple Avenue in Colonial Heights, Virginia. Built in 1992, the property boasts a prime location in the heart of Colonial Heights, enjoying high visibility and convenient access. Its strategic placement directly across from Southpark Mall ensures consistent foot traffic and a strong customer base. The property is zoned B1, offering flexibility for potential future expansion or modifications within permitted uses. The existing business operations provide a proven track record of profitability, making this an attractive proposition for investors seeking a stable, income-generating asset. The asking price for this turnkey operation is $1,500,000. This well-established business offers a rare chance to acquire a profitable retail property in a high-demand area. The substantial lot size also presents opportunities for future development or expansion, adding further value to this already successful enterprise. Detailed financial records are available upon request. Don't miss this chance to own a piece of Colonial Heights' thriving retail landscape.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $720,000
    ML approach
    $655,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $485,000
    6.5%
    $450,000
    7%
    $415,000

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


Location Insight

  • Map
  • Local Demand
City
Colonial Heights
County
Colonial Heights City
State
Virginia
Longitude
-77.3984
Latitude
37.2582
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
2024
$11,204
$503,100
$430,600
$933,700
-
$503,100
$430,600
$933,700
More about this property
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