Charming Office Building in
3453 W Hundred Rd Chester, VA 23831
For Sale
$479,000
2.5-level office building with historic charm in central Chester.
Property Size3,224 SF
Price / SF$148.57
Days on Market95
Property Features for 3453 W Hundred Rd
General Information
Standard status
Active
Size
3,224 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
(804) 297-9171
Listed By:
Jonathan Hock
(804) 297-9171
Source:
Elliman
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 29 at 2:02PM
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 Jonathan Hock
Investment Insights
Based on property information with market context.
This 2.5-level office building offers 3,224 square feet of space. The interior features multiple separate rooms, a full kitchen, and two full bathrooms. Hardwood floors and ceiling fans are present throughout the building. Additional amenities include a laundry area and ample storage space, including a large attic. The building is equipped with 2-zoned heat and air. A covered porch and multiple entrance points enhance accessibility. The property provides great parking. Located in the heart of Chester, the brick building possesses historic charm and is conveniently situated near surrounding cities, schools, shopping, restaurants, and residential neighborhoods. The location has a walk score of 2, indicating car-dependence, and a bike score of 13, suggesting it is somewhat bikeable. This property presents a fantastic commercial opportunity.
Key Highlights
- Prime location in the heart of Chester, convenient to surrounding cities, schools, shopping, restaurants, and residential neighborhoods.
- 3,224 square feet of office space with multiple separate rooms, ideal for various business needs.
- Two full bathrooms and a full kitchen.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.9k | $17.04 |
| − Vacancy | −$7.7k | −$2.40 |
| EGI | $47.2k | $14.64 |
| − OpEx | −$11.8k | −$3.66 |
| NOI | $35.4k | $10.98 |
3,224 SF · lease $17.04/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$505.6K
$442.4K – $589.9K
NOI $35,393 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$6.46M
$5.65M – $7.54M
NOI $452,162 @ 7.0% cap · market cap 94.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 2.5-level office building with historic charm in central Chester.
Where is this office building located?
The property is located at 3453 W Hundred Rd Chester, VA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Prime location in the heart of Chester, convenient to surrounding cities, schools, shopping, restaurants, and residential neighborhoods.; 3,224 square feet of office space with multiple separate rooms, ideal for various business needs.; Two full bathrooms and a full kitchen.
