Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7000 Iron Bridge Rd North Chesterfield, VA 23234

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    41,117 SF retail space available for sublease.

    Property size:
    41,117 SF
    Lot size:
    5.68 Acres

    Property Features for 7000 Iron Bridge Rd

    General Information

    Size
    41,117 SF
    Lot size
    5.68 Acres

    We can help!

    Listing Contact
    Rob Black
    Rob Black
    Source: Moodyscre

    Listing Agent: Rob Black

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space Available For Sublease

    A 41,117 square foot retail space is available for sublease. Formerly a grocery store, the property is zoned C-3 and situated on 5.67 acres. The ceiling height in the front part of the building is 15 feet 11 inches, while the ceiling height towards the rear is 13 feet. A fueling station pad is available for lease either with the anchor space or separately. The property is located at 7000 Iron Bridge Road, North Chesterfield, VA, within a Walmart location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5042635
    Latitude
    37.4165832

    Nearby Similar for Lease

    • Contact for pricing
      5,040 SF

      Renovated Office/Medical Building with Yard

      Move-in ready office/medical building with expansion potential and outdoor space.
      11449 Robious Rd, North Chesterfield, VA 23235
      View Details
    • Contact for pricing
      82,000 SF

      New Construction Flex/Retail/Office Space

      New construction flex, retail, and office spaces available for lease.
      219 Turner Rd, North Chesterfield, VA 23225
      View Details
    • $18 SF/Yr
      1,768 SF

      Renovated Office Suite For Rent

      Recently renovated office suite featuring private offices, reception, and breakroom.
      830 Southlake Blvd, North Chesterfield, VA 23236
      View Details
    • Contact for pricing
      2,625 SF

      Anchored Shopping Center Space Available

      Retail space available in a busy, anchored shopping center.
      9901-10011 Hull Street Rd, North Chesterfield, VA 23236
      View Details
    • $13 SF/Yr
      1,717 SF

      Move-in Ready Office Suites Available

      Office suites available from 1,207 SF to 7,382 SF.
      10800 Midlothian Tpke, North Chesterfield, VA 23235
      View Details
    • Contact for pricing
      62,900 SF

      Office/Medical Build-to-Suit Opportunity

      Customizable office/medical space in Chesterfield County with ample parking.
      134 Gateway Centre Pkwy, North Chesterfield, VA 23235
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space with High Visibility

      Retail space with monument signage and high traffic volume.
      10064 Robious Rd, North Chesterfield, VA 23235
      View Details
    • Contact for pricing
      18,000 SF

      Medical Office Sublease Opportunity

      Sublease opportunity: 17,951 SF medical office near HCA hospital.
      1400 Johnston Willis Dr, North Chesterfield, VA 23235
      View Details
    • Contact for pricing
      9,024 SF

      Office Space in Moorefield Park

      Office space with private entry and abundant parking.
      9701 Farrar Ct, North Chesterfield, VA 23236
      View Details
    • $20 SF/Yr
      4,020 SF

      Restaurant Space in Chesterfield Center

      Existing restaurant space available immediately in high-income area.
      1257-1281 Carmia Way, North Chesterfield, VA 23235
      View Details
    • $8 SF/Yr
      13,090 SF

      Southport Warehouse with Secured Area

      13,090 SF warehouse with fenced, secured area for lease.
      11010 Trade Rd, North Chesterfield, VA 23236
      View Details
    • Contact for pricing
      13,652 SF

      Hull Street Road Office Space

      Office space with high visibility and ample parking available for rent.
      7200 Hull Street Rd, North Chesterfield, VA 23235
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - 41,117 SF retail space available for sublease.
    Where is this grocery and convenience store located?
    The property is located at 7000 Iron Bridge Rd North Chesterfield, VA.
    What are key features of this property?
    This property features: - 41,117 SF available for sublease; - Zoned C-3; - Located on 5.67 acres
    (804) 320-5500
    Request Owner's contact information
    7000 Iron Bridge Rd North Chesterfield, VA 23234
    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.
    7000 Iron Bridge Rd
    North Chesterfield, VA 23234
    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
    7000 Iron Bridge Rd North Chesterfield, VA 23234
    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

    We can help!
    Listing Contact
    Rob Black
    Rob Black
    (804) 320-5500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.