Former Auto Repair
20713 Bessie Lane, Chesterfield, VA 23803
For Sale
$299,900
The property previously operated as an auto repair business and may suit continued automotive use, subject to zoning.
Property Size2,070 SF
Price / SF$144.88
Days on Market74
Property Features for 20713 Bessie Lane
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Stories
Listing Agency:
EXP Realty LLC
(804) 729-5188
Listed By:
Tina McCabe · License VA #0225088750
(804) 536-6800
Source:
Colerealestateinc
Added: Aug 28
Changed: Nov 6
Last Checked: Nov 8 at 9:05AM
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 EXP Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,070-square-foot commercial property was built in 1950 and previously served as an auto repair shop. Its prior use provides relevant context for automotive businesses considering the building.
The site is in Chesterfield County near the Petersburg city line, close to the Petersburg Amtrak Station and with access to major transportation routes.
The site is in Chesterfield County near the Petersburg city line, close to the Petersburg Amtrak Station and with access to major transportation routes.
Key Highlights
- 2,070‑square‑foot building constructed in 1950
- Previously operated as an auto repair shop
- Near the Petersburg city line and Petersburg Amtrak Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,237
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,740
$524.7K
Cap Rate 7%
$374,814
$374.8K
Cap Rate 9%
$291,522
$291.5K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$39.2K $18.96/SF
− Vacancy
−$1.8K −$0.85/SF
EGI
$37.5K $18.11/SF
− OpEx
−$11.2K −$5.43/SF
NOI
$26.2K $12.67/SF
Area
Chesterfield County, VA
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,740
Cap Rate 7%
$374,814
Cap Rate 9%
$291,522
Alternative Uses
Best Use
Retail
$374.8K
$328.0K – $437.3K
NOI $26,237 @ 7.0% cap · market cap 8.75%
Second Best
Industrial
$176.6K
$154.5K – $206.1K
NOI $12,363 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$462.7K
$404.9K – $539.8K
NOI $32,388 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23803, VA
44,377
Population
19,826
Households
2.2
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
72.2 sq mi
ZIP Area
615
Density / Sq Mi
$55,820
Median Household Income
$35,122
Median Earnings
$1,132
Median Rent
$208,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Auto shop - The property previously operated as an auto repair business and may suit continued automotive use, subject to zoning.
Where is this auto shop located?
The property is located at 20713 Bessie Lane Chesterfield, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,070‑square‑foot building constructed in 1950; Previously operated as an auto repair shop; Near the Petersburg city line and Petersburg Amtrak Station
