Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 W Hundred Rd Chester, VA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Proposed medical office condos with build-to-suit opportunity.

    Type:OFFICE
    Property size:
    7,200 SF
    Lot size:
    1.33 Acres
    Added:
    Feb 17, 2023
    Days on Market:
    1162
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 300 W Hundred Rd

    General Information

    Standard status
    Active
    Size
    7,200 SF
    Lot size
    1.33 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Colton Konvicka

    Listing agent Colton Konvicka

    Listing office Commonwealth Commercial

    Listing date Feb 17, 2023

    Source Moodyscre

    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

    Overview

    Medical Office Condos For Sale

    This property offers a build-to-suit opportunity for proposed one-story medical office condos. Zoned C-2, the site is a pad site with all utilities stubbed to it. Potential monument signage is available. The property size is 7,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Coinstar Kiosk | Bitcoin ... Currency Exchange Service Coinstar Kiosk - Bitcoin ... Atm Coinstar Bitcoin ATM Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.3669
    Latitude
    37.3501

    Nearby Similar for Sale

    • $650,000
      2,716 SF

      Subdividable Multifamily Property in Chester

      Multifamily property with subdividable lot near major routes.
      12020 Winfree Street, Chester, VA 23831
      View Details
    • $435,000

      Prime Land Near Kroger Center

      Two lots near Kroger shopping center with business potential.
      6641, 6625 Greenyard Road, Chester, VA 23831
      View Details
    • $70,000

      Undeveloped Land Near I-295

      0.92 acre lot near I-295 in Chester, Virginia.
      1311 River Tree Drive, Chester, VA 23836
      View Details
    • $225,000

      Waterfront Land in Rivers Bend

      Buildable waterfront lot with James River frontage and community amenities.
      1924 Channel View Terrace, Chester, VA 23836
      View Details
    • $509,000

      Waterfront Lot in Meadowville Landing

      0.91 acre waterfront lot in desirable Meadowville Landing community.
      1924 Channel View Terrace, Chester, VA 23836
      View Details
    • $225,000

      Waterfront Land in Rivers Bend

      Buildable waterfront lot with James River frontage and community amenities.
      1924 Channel View Terrace, Chester, VA 23836
      View Details
    • $82,000

      Residential Lot in Chester, VA

      Half-acre building lot with two-car garage in Chester.
      12921 Percival Street, Chester, VA 23831
      View Details
    • $3,840,000
      14,820 SF

      Walgreens NNN Property For Sale

      NNN Walgreens property with over 11 years remaining on lease.
      4238 W Hundred Rd, Chester, VA 23831
      View Details
    • $220,000

      7.9 Acres in Chester, VA

      7.9 acres for homesite, recreation, or investment.
      13512 Bradley Bridge Road, Chester, VA 23831
      View Details
    • $37,500

      Land in Chester, Virginia

      Located in the heart of Chester, Virginia.
      12132 Railroad Street, Chester, VA 23831
      View Details
    • $399,000

      Usable Acreage Near Iron Bridge

      Land suitable for daycare, school, church, or office development.
      Chester, VA 23831
      View Details
    • $815,000
      3 SF

      Usable Acre Development Opportunity

      3-acre commercial land for sale in a growing corridor.
      5000 West Hundred Road, Chester, VA, 23831
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Proposed medical office condos with build-to-suit opportunity.
    Where is this medical office space located?
    The property is located at 300 W Hundred Rd Chester, VA.
    What are key features of this property?
    This property features: Build‑to‑suit opportunity for your ideal medical office.; Proposed one story medical office condos offer flexibility.; Zoned C‑2, allowing for a variety of uses.
    (804) 346-4966 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Colton Konvicka
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!