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    8924 Jefferson Davis Hwy North Chesterfield, VA 23237

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    For Sale
    $1,330,000

    Motel with apartments on Route 1 and Perrymont Road.

    Property size:
    8,702 SF
    Lot size:
    1.80 Acres

    Property Features for 8924 Jefferson Davis Hwy

    General Information

    Size
    8,702 SF
    Lot size
    1.80 Acres

    Source: Commonwealth Commercial Agent Colton Konvicka

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

    Overview

    Route 1 Motel For Sale

    This property, zoned O-2, features a motel with 18 keys, one 1-bedroom apartment, and one 3-bedroom apartment. The property has frontage on both Route 1 and Perrymont Road. The property size is 8,702 square feet and is located in North Chesterfield, VA.
    Location Intelligence

    Current Use by Public Records

    Virginian Motel Motel

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Similar Places Nearby

    La Quinta Inn by Wyndham Richmond South, Country Inn & Suites by Radisson, Richmond I-95 South, VA, Snow White Motel, Whitehouse Motel Richmond South, Vip Motor Inn

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.433367
    Latitude
    37.4024492

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Motel - Motel with apartments on Route 1 and Perrymont Road.
    Where is this motel located?
    The property is located at 8924 Jefferson Davis Hwy North Chesterfield, VA.
    What is the asking price?
    The asking price for this property is $1,330,000.
    What are key features of this property?
    This property features: - Zoned O-2, allowing for diverse business opportunities; - Motel with 18 keys offering significant income potential; - High visibility and accessibility with frontage on Route 1
    (804) 346-4966
    Request Owner's contact information
    8924 Jefferson Davis Hwy 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
    8924 Jefferson Davis Hwy North Chesterfield, VA 23237
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