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    1501 Willis Rd North Chesterfield, VA 23237

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    For Sale
    $1,350,000

    4,400 SF office on 0.95 acre lot for sale.

    Property size:
    4,400 SF
    Lot size:
    1.07 Acres

    Property Features for 1501 Willis Rd

    General Information

    Size
    4,400 SF
    Lot size
    1.07 Acres

    Source: Legacy Real Estate Advisors Agent Alexander Burks

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

    Overview

    Richmond Freestanding Office Building

    This is a 4,400 square foot freestanding office building situated on a 0.95 acre lot. The property is located in Richmond, VA. The property is subject to an absolute NNN lease with one year remaining, offering zero landlord responsibilities. The surrounding area is projected to experience a population growth of +3.92% within a 1 mile radius over the next 5 years. The location benefits from a daytime employee base of over 13,500 within a 3 mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Masonomics, Inc Masonry Contractor Select Equipment LLC Equipment Rental Agency DH Associates Accountant

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Hotel & Motel Department Store Kitchen & Bath

    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
    -77.4106074
    Latitude
    37.4036223

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    FAQs

    What type of property is this?
    Office building - 4,400 SF office on 0.95 acre lot for sale.
    Where is this office building located?
    The property is located at 1501 Willis Rd North Chesterfield, VA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease - 1 Year Remaining with Zero (0) Landlord Responsibilities; - Single Tenant Freestanding; - 4,400 SF Office Building on 0.95 Acre Lot
    (630) 696-0558
    Request Owner's contact information
    1501 Willis Rd North Chesterfield, VA 23237
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    North Chesterfield, VA 23237
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    Realmo Value Estimation

    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.

    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.

    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
    1501 Willis Rd North Chesterfield, VA 23237
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