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Former Jiffy Lube 3820 Stillman Pky 2,340 SF Retail Building Richmond, VA 23233 $950,000 ($405.98/SF) 8.86% Cap Rate
Investment Highlights
- Rare Second-Gen High-Quality Auto Service Property: potential immediate backfill for a new user.
- Affluent & Dense Trade Area: Average household income of $210,700, within a 5-minute drive. Projected to grow to $227,100 (+7.8%) by 2030. (AlphaMap)
- 3-mile population projected to reach 78,606 (+3.4%) by 2030, with consumer spending rising to $795M (+7.0%).
- Flexible Potential Uses Include: drive-thru & dining restaurant, auto, banks, office, medical, general retail, and more. *Contact broker for more info
- 76,000+ residents within 3 miles generating $743M in spending, with average household incomes of $183,900.
- Located on W. Broad Street with strong traffic, I-64 access, and surrounding national retailers driving consistent activity.
Executive Summary
Broker of Record
Kyle Matthews
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 226035518, 225225982 (VA)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,340 SF
Building Class
C
Year Built
1995
Price
$950,000
Price Per SF
$405.98
Cap Rate
8.86%
NOI
$84,149
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.17 AC
Zoning
Mixed Use
Parking
8 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
68’ on Stillman Pky
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 753-758-1313 | Improvements Assessment | $656,500 |
| Land Assessment | $356,100 | Total Assessment | $1,012,600 |
Property Taxes
Parcel Number
753-758-1313
Land Assessment
$356,100
Improvements Assessment
$656,500
Total Assessment
$1,012,600
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Videos
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Photos
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Former Jiffy Lube | 3820 Stillman Pky
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