Is 23294 a good location for a restaurant?

What public records measure around the center of ZIP 23294 in Henrico County, Virginia for a restaurant: households and income, jobs within reach, resident spending and the restaurants already mapped there. Whether a particular address fits is a question about that address; check one free below.

ZIP 23294, Henrico County, Virginia

Restaurant. Measured from the center of the ZIP, not an address. ZIP 23294 covers 4.2 square miles, so its edges are about a mile from the center. Jobs and competitors are counted within a mile of the center and resident spending within 3 miles; the household figures beside are for the whole ZIP. Checked Oct 22, 2026.

ZIP 23294
8,390 households
Median household income
$64,164
Residents
20,216
Restaurants with employees, 2023
48

What stands out

  1. Few jobs within a short walk

    439Jobs
    7,485Households

    439 jobs are within a 5-minute walk (0.25 mile) and 2,088 within 10 minutes (0.5 mile), from Census workplace records for 2023.

  2. A typical amount of nearby competition

    30Sit-down and casual restaurants
    660 ftNearest rival

    Overture's places data lists 30 sit-down and casual restaurants within half a mile (1 chain, 6 local multi-location and 23 independent) and 80 within a mile.

  3. What spending nearby can support

    $336KMiddle-case sales
    $2,800Rent the middle case supports

    Spending near the center of this ZIP supports an estimated $187,000 to $570,000 a year in sales for this business (middle case $336,000).

  4. Aiken DR carries about 1,338 vehicles a day

    1,338Vehicles a day
    35,658Busiest road nearby

    The nearest counted roads are Aiken DR, 1,338 vehicles a day (FHWA HPMS 2024), about 280 feet away; St Martins LN, 1,338 vehicles a day (FHWA HPMS 2024), about 690 feet away; and Homeview DR, 1,338 vehicles a day (FHWA HPMS 2024), about 690 feet away.

What the center of ZIP 23294 can sell each year

Middle case$336K

Sales a year, planning range

Low case$187K
High case$570K
Rivals within 2 mi132
Healthy share for this business
6% to 10%
Base rent the ZIP center supports
$950 to $4,750 a month

Resident, worker and student spending near the ZIP center, shared among competitors by distance (Huff model). A planning range with stated assumptions, not a forecast.

Competition

Competitors within half a mile30

69th percentile for nearby competition among 3,165 similar businesses in the Richmond metro area

1.7× the metro median of 18
Within a quarter mile3
Within 1 mile80

Nearest competitors

  • Competitor 1Chain660 ft
  • Competitor 2Independent980 ft
  • Competitor 4Independent1,540 ft
  • Competitor 5Independent1,590 ft
  • Competitor 6Independent1,620 ft

Overture Maps Foundation places, 2026-09-23.1. Listings, not verified hours or menus.

Jobs within walking distance

10-minute walk2,088

Jobs at workplaces within half a mile

5-minute walk439
Within 1 mile7,705
Office-type, half mile572

Largest employers within a 10-minute walk

  • Retail513
  • Health care450
  • Professional services316
  • Administrative support148
  • Finance and insurance123

Census LEHD workplace records, jobs as of 2023. Straight-line distances. Office attendance is still roughly half to 60% of 2020 levels. Jobs are workplaces, not visits.

Traffic on nearby roads

Vehicles a day on Aiken Dr1,338

Nearest counted road, 2024 count

Busiest nearby, Us 25035,658

Other counted roads nearby

  • St Martins Ln690 ft1,338
  • Homeview Dr690 ft1,338
  • Us 250700 ft35,658
  • Dancer Rd730 ft1,338

State DOT and FHWA annual average daily traffic, both directions. Vehicles, not foot traffic.

What an address adds

  • The free check of an addressThe same measurements within a short walk of one address in 23294: who lives and works right there, the competition on that block and the traffic on its road. No account.
  • The full reportFor one address: whether the rules allow a restaurant there, the rent the location supports against the asking rent, what has opened and closed nearby, and the questions to settle before signing.

Have an address in 23294 in mind?

Check the address free

The restaurant check reads the same public records at the address itself.

Sources: Overture Maps Foundation: Places (Overture Places release 2026-09-23.1); DoorWorthy demand model: resident, worker and student spending shared among competitors (ACS 2020-2024; 2020 Census; BLS CE 2024; prices 2026-08); U.S. Census Bureau: ACS (ACS 2020-2024 five-year estimates); U.S. Census Bureau Gazetteer: ZIP Code Tabulation Area center (ZCTA internal point; land area 4.2 square miles); U.S. Census ACS households by income with BLS Consumer Expenditure Survey spending (ACS 2020-2024; 2020 Census; BLS CE 2024; prices 2026-08); FHWA Highway Performance Monitoring System (Annual average daily traffic, latest count 2024); U.S. Census Bureau: LEHD LODES workplace jobs (LODES8 workplace area characteristics, jobs as of 2023); U.S. Census Bureau ZIP Code Business Patterns 2023 (establishments with paid employees). Listings and counts are public records, not visits or sales in this ZIP.

Questions about ZIP 23294.

ZIP 23294 for another business