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

    8011 Iron Brg Rd North Chesterfield, VA

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

    2.5-acre commercial land parcel near Chesterfield County Airport.

    Type:LAND
    Lot size:
    2.50 Acres
    Added:
    Mar 17, 2025
    Days on Market:
    404
    Last Refresh:
    Apr 5 at 11:06 pm

    Property Features for 8011 Iron Brg Rd

    General Information

    Standard status
    Active
    Lot size
    2.50 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Ellen Long
    Ellen Long

    Listing agent Ellen Long License #0225090856

    Listing office Taylor Long Properties

    Listing date Mar 17, 2025

    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 Taylor Long Properties

    Overview

    Prime Commercial Land Opportunity

    This approximately 2.5-acre parcel of land, zoned for commercial use (O, B, C), presents a commercial investment opportunity. The property is positioned at the entrance of Chesterfield County Airport. It benefits from high visibility on Iron Bridge Road, with a traffic volume of 27,843 vehicles per day. Its proximity to the intersection of Route 10 and 288 enhances its appeal for potential development. This parcel can be combined with the adjacent property at 8001 Iron Bridge Road, offering a total of 5 acres for a greater development opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5098
    Latitude
    37.4

    Nearby Similar for Sale

    • $329,900
      1,624 SF

      Income-Producing Duplex with Garage

      All-brick duplex with two rented units and detached garage.
      9822 Brandywine Avenue, North Chesterfield, VA 23237
      View Details
    • $365,000

      North Chesterfield Buildable Land Available

      8.3 acres of land in high-traffic area.
      8120 Hull Street Road, North Chesterfield, VA 23235
      View Details
    • $579,000

      Prime Land in North Chesterfield

      4.66 acres of level land with development potential.
      9941 Reams Road, North Chesterfield, VA 23236
      View Details
    • $425,000

      Residential Land in North Chesterfield

      4.5-acre parcel suitable for single-family homes near Chippenham Parkway.
      3430 Bluffside Drive, North Chesterfield, VA 23237
      View Details
    • $1,263,000

      Commercial Land in North Chesterfield

      7.16 acres with road frontage, C2 Commercial zoning.
      5412 Cogbill Rd, North Chesterfield, VA 23234
      View Details
    • $1,350,000
      4,400 SF

      Richmond Freestanding Office Building

      4,400 SF office on 0.95 acre lot for sale.
      1501 Willis Rd, North Chesterfield, VA
      View Details
    • Contact for pricing
      5,040 SF

      Renovated Office/Medical Building with Yard

      Move-in ready office/medical building with expansion potential and outdoor space.
      11449 Robious Rd, North Chesterfield, VA
      View Details
    • Contact for pricing

      Development Site at Iron Bridge

      Prime 5.36 AC development site at signalized intersection.
      5400-5436 Iron Bridge Rd | North Chesterfield, VA 23234
      View Details
    • $255,000
      1,607 SF

      North Chesterfield Multifamily Property

      Multifamily property in North Chesterfield, Virginia, with 1607 square feet.
      2842 Goolsby Avenue, North Chesterfield, VA 23234
      View Details
    • $365,000

      Land Available on Hull Street

      Land for sale in Chesterfield County.
      8120 Hull Street Road, North Chesterfield, VA 23235
      View Details
    • $500,000

      North Chesterfield Land For Sale

      2.3 acres of land in North Chesterfield, Virginia.
      6933 Walmsley Blvd, North Chesterfield, VA
      View Details
    • Contact for pricing

      Car Wash on Midlothian Turnpike

      Car wash in prime location on Midlothian Turnpike corridor.
      8001 Midlothian Tpke, North Chesterfield, VA
      View Details

    FAQs

    What type of property is this?
    Land - 2.5-acre commercial land parcel near Chesterfield County Airport.
    Where is this land located?
    The property is located at 8011 Iron Brg Rd North Chesterfield, VA.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: High Traffic Volume: 29,228 vehicles per day (VPD) on Iron Bridge Road ensures excellent visibility.; Prime Commercial Zoning: Zoned O, B, C, offering diverse development possibilities.; Strategic Location: Positioned at the entrance of Chesterfield County Airport and near the intersection of Route 10 and 288.
    (804) 539-7793 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ellen Long
    Ellen Long
    Real Estate License ID: 0225090856
    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!