4501 Laburnum AveHenrico, VA 23231

Property Details for 4501 Laburnum Ave

Year built

2008

Lot size

62.00 AC

Property size (Sq ft)

60,032 SF

Zone code

B-3C

Property type

Retail properties

Property subtype

Super regional malls

APN

815-718-5710

APU

8157185710

Description

White Oak Village, a premier shopping center in Henrico County, Virginia, offers eight available retail spaces ranging from 1,000 to 43,560 square feet. Strategically located at the intersection of I-64 (56,532 AADT) and S Laburnum Avenue (35,748 AADT) in Richmond, VA, this center boasts exceptional visibility and accessibility. The property benefits from a strong regional draw, with the nearest major retail hub 45 miles to the east. The surrounding area demonstrates robust demographics, with a population of 136,031 within a 5-mile radius and a daytime population of 82,971, projected to grow by nearly 3% in the next five years. Richmond's thriving economy, low unemployment, pro-business environment, and presence of Fortune 1000 companies contribute to a highly desirable location. The proximity to Richmond International Airport further enhances the area's economic vitality and employment growth. A significant boost to the area's daytime population is anticipated from Facebook's new $1.75 billion, 2.4 million square foot data center located just a 15-minute drive from White Oak Village at White Oak Technology Park. This prime location presents a unique opportunity for businesses seeking high visibility and access to a growing consumer base in a rapidly expanding market. The address is 4501 S Laburnum Ave, Richmond, VA 23231.

• CAP approach

  CAP return

  Valuation

  6%

  $16,372,818

  6.5%

  $15,113,371

  7%

  $14,033,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,978,366

  Geo Method

  $25,265,380

• Alternative Use

  Use

  Valuation

  Residential

  $12,748,694

  Hospitality

  $11,677,735

  Educational

  $9,715,738

  Medical

  $10,049,878

  Retail

  $15,113,371

Location Insight

City

Henrico

County

Henrico

State

Virginia

Latitude

37.529

Longitude

-77.353

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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