Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15300 River Road Chesterfield, VA 23838

    View on Map
    Claim this Listing
    New
    Picture of Commercial land at 15300 River Road, Chesterfield, VA
    For Sale
    $3,146,000

    LAND - Chesterfield, VA

    Lot size:
    48.44 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 19 at 1:06 am

    Property Features for 15300 River Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    715-64-67-27-800-000
    Lot size
    48.44 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    RIVER ROAD PARCEL 1
    Tax Annual Amount
    308

    We can help!

    Listing Contact
    Rick Grizzell

    Listing agent Rick Grizzell License #0225053897

    Listing office Premier Properties Realty LLC 167 Gaines Thrifty Lane, Richmond, VA

    Listing date Apr 15, 2026

    MLS# 2609990 Listing URL

    Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    River Road Development Opportunity

    This property offers a development opportunity with over 48 acres of land located on River Road in Chesterfield, Virginia. An additional connecting property is available, potentially expanding the total acreage to over 100 acres and connecting River Road to Winterpock Road. A water line is present in the area. The property may align with the new zoning plan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom HVAC Service Home Appliance Store Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.698446
    Latitude
    37.336272

    Nearby Similar for Sale

    • $135,000

      Commercial Land in Chesterfield, VA

      Prime commercial lot in high-traffic area, ideal for development.
      9001 Oak Lawn Street, Chesterfield, VA 23237
      View Details
    • $499,999

      Two-Acre Lot in Chesterfield, VA

      2-acre lot with potential for residential rezoning.
      707 Greyledge Boulevard, Chesterfield, VA 23836
      View Details
    • $150,000

      Prime Land on Route 10

      1.81-acre parcel on Route 10, Chesterfield County.
      2100 E Hundred Road, Chesterfield, VA 23836
      View Details
    • $350,000

      Commercial Lot in Chesterfield, VA

      1.03-acre commercial lot zoned C-5, suitable for various uses.
      14770 Hull Street, Chesterfield, VA 23832
      View Details
    • $500,000

      Chesterfield Land Parcel For Sale

      0.831 acre land parcel near Iron Bridge Rd.
      6111 Iron Bridge Rd, Chesterfield, VA 23234
      View Details
    • $299,950

      Residential Land in Gated Community

      Residential land in established gated community near James River.
      11240 Turnley Lane, Chesterfield, VA 23113
      View Details
    • $180,000

      Commercial Land in Chesterfield, VA

      1.617 acre commercial land for sale in Chesterfield, VA.
      2106 E Hundred Road, Chesterfield, VA 23836
      View Details
    • $49,000

      Residential Land in Winterpock Area

      Four acres of residential land in Chesterfield County for sale.
      11121 Coalboro Road, Chesterfield, VA 23838
      View Details
    • $825,000

      Chesterfield Land with Road Frontage

      8.698 acres with road frontage near Hull Street Road.
      11001 Winterpock Road, Chesterfield, VA 23838
      View Details
    • $99,900

      Residential Lot in Tavern Hill

      Vacant 0.91 acre lot ready for single-family home construction.
      12225 Tavern Hill Court, Chesterfield, VA 23832
      View Details
    • $109,999

      Secluded Land in Chesterfield, VA

      5.46 acres of private land near Old Town Creek.
      20905 Matoaca Road, Chesterfield, VA 23803
      View Details
    • $130,000

      Wooded Homesite in Chesdin Landing

      Private 3.06 acre wooded homesite in resort-style community.
      15412 Isle Pines Drive, Chesterfield, VA 23838
      View Details

    FAQs

    What type of property is this?
    Commercial land - 48+ acres of land for development in Chesterfield, VA.
    Where is this commercial land located?
    The property is located at 15300 River Road Chesterfield, VA.
    What is the asking price?
    The asking price for this property is $3,146,000.
    What are key features of this property?
    This property features: 48+ acre development opportunity; Potential to expand to 100+ acres; Possible connection from River Rd. to Winterpock Rd.
    (804) 310-5200
    We can help!
    Listing Contact
    Rick Grizzell
    Real Estate License ID: 0225053897
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!