Office Building with Route
120 W Hundred Rd, Chester, VA 23836
For Sale
Contact for pricing
CC-zoned property has public water and sewer lines along the site and an installed turn lane.
Property Size6,978 SF
Lot Size2.00 Acres
Price / SF$214.96
Days on Market97
Property Features for 120 W Hundred Rd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Utilities to Site
Additional Details
Asking Price
Listing Agency:
Commonwealth Commercial
(804) 346-4966
Listed By:
Brent Altaffer
(804) 793-0055
Source:
Moodyscre
Added: Aug 5
Changed: Nov 1
Last Checked: Nov 8 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commonwealth Commercial
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Investment Insights
Based on property information with market context.
This office property contains approximately 6,978 SF on a 2-acre site. The tract includes an existing turn lane and frontage along Route 10 and Rivers-Bend Road, providing access from two roadways. CC zoning supports a broad range of commercial and business uses.
Public water and sewer lines are located along the property. The site records approximately 49,000± ADT in traffic volume, adding measurable exposure for an office or commercial operation. The property is located at 120 W Hundred Rd in Chester, Virginia.
Public water and sewer lines are located along the property. The site records approximately 49,000± ADT in traffic volume, adding measurable exposure for an office or commercial operation. The property is located at 120 W Hundred Rd in Chester, Virginia.
Key Highlights
- Approximately 6,978± SF office property
- 2± Acres with an existing turn lane
- Frontage on Route 10 and Rivers‑Bend Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,605
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,100
$1.5M
Cap Rate 7%
$1,094,357
$1.1M
Cap Rate 9%
$851,167
$851.2K
Market Conditions
NOI Build-Up for 6,978 SF
Gross rent
$118.9K $17.04/SF
− Vacancy
−$16.8K −$2.40/SF
EGI
$102.1K $14.64/SF
− OpEx
−$25.5K −$3.66/SF
NOI
$76.6K $10.98/SF
Area
Chesterfield County, VA
Vacancy
14.10%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,532,100
Cap Rate 7%
$1,094,357
Cap Rate 9%
$851,167
Alternative Uses
Best Use
Office B
$1.09M
$957.6K – $1.28M
NOI $76,605 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $109,181 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 23836, VA
14,643
Population
5,519
Households
2.7
Avg Household Size
39
Median Age
38%
College-Educated
94%
High-School Grad
26.6 sq mi
ZIP Area
550
Density / Sq Mi
$102,114
Median Household Income
$51,654
Median Earnings
$1,622
Median Rent
$338,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - CC-zoned property has public water and sewer lines along the site and an installed turn lane.
Where is this office building located?
The property is located at 120 W Hundred Rd Chester, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 6,978± SF office property; 2± Acres with an existing turn lane; Frontage on Route 10 and Rivers‑Bend Road
