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    Unique Venue on Large Lot Title is generated by Realmo AI

    17301 Memorial Tournament Dr, Moseley, VA 23120

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    3,583 SF venue on 4.134 acres in growing community.

    Type:Unique Venue
    Property size:
    3,583 SF
    Lot size:
    4.13 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 6 at 12:49 am

    Property Features for 17301 Memorial Tournament Dr

    General Information

    Standard status
    Active
    Size
    3,583 SF
    Lot size
    4.13 Acres
    Property subtype
    Unique Venue

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Rebecca von Meister, CCIM
    Rebecca von Meister, CCIM

    Listing agent Rebecca von Meister, CCIM License #0225090856

    Listing office Taylor Long Properties

    Listing date Mar 6, 2026

    Source Taylorlongproperties

    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 Taylor Long Properties

    HighLights

    • Located at the entrance to Magnolia Green, Chesterfield's fastest‑growing master‑planned community.
    • 3,583 SF unique venue on a 4.134‑acre lot.
    • Located at the signalized intersection of Hull Street Road and Magnolia Green Parkway.
    • Part of an award‑winning resort‑style community with over 4,055 units.
    • Features an 18‑hole championship golf course, community center, hiking trails, and sports courts.
    • Located in Western Chesterfield's fastest‑growing, affluent neighborhoods.

    Overview

    This 3,583 square foot venue is situated on a 4.134 acre lot. It is located at the signalized intersection of Hull Street Road and Magnolia Green Parkway, at the entrance to Magnolia Green, which is described as the fastest growing Master-Plan Community in Chesterfield. The award-winning resort-style community contains over 4,055 units, with prices ranging from the low $200,000s to over $1 million. Community amenities include an 18-hole championship golf course, community center, hiking trails, and sports courts. The property is located in Western Chesterfield's fastest-growing, affluent neighborhoods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RVA Rest Fest Hotel & Motel Leighann Albaugh Golf Instructor WW Studio @ Magnolia ... Weight Loss Service The Cardinal at Magnolia Green Wedding Service The Market at Magnolia Green Specialty Food Shop

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Moseley
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.7323143
    Latitude
    37.3941618

    Nearby Similar for Sale

    • $429,990

      New Three-Story Townhome For Sale

      Three-bedroom townhome with garage, bonus room, and community amenities.
      16331 Alexandria Court, Moseley, VA 23832
      View Details
    • $3,700,000
      3,583 SF

      Office Space in Magnolia Green

      Office space for sale in growing Chesterfield community.
      17301 Memorial Tournament Dr, Moseley, VA
      View Details

    FAQs

    What type of property is this?
    Wedding venue - 3,583 SF venue on 4.134 acres in growing community.
    Where is this wedding venue located?
    The property is located at 17301 Memorial Tournament Dr Moseley, VA.
    What are key features of this property?
    This property features: Located at the entrance to Magnolia Green, Chesterfield's fastest‑growing master‑planned community.; 3,583 SF unique venue on a 4.134‑acre lot.; Located at the signalized intersection of Hull Street Road and Magnolia Green Parkway.
    (804) 864-9788
    We can help!
    Listing Contact
    Rebecca von Meister, CCIM
    Rebecca von Meister, CCIM
    Real Estate License ID: 0225090856
    Learn More
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    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.

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