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

    7000 Cmns Plz Chesterfield, VA 23832

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.2-acre retail pad, prime Chesterfield location.

    Property size:
    22,800 SF

    Property Features for 7000 Cmns Plz

    General Information

    Property type
    Land
    Square Feet
    22,800 SF
    Class
    B
    Lot Size
    52,272 SF

    Building Details

    Year Built
    2000
    Units
    1

    We can help!

    Listing Contact
    Ellen Long
    Ellen Long

    Listing Agency: Taylor Long Properties Commercial Real Estate Listing Agent: Ellen Long

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.2-acre commercial pad site, located at 7000 Commons Plaza in Chesterfield, Virginia (zip code 23832), presents a unique investment opportunity. The property, designated as Courthouse Commons, boasts a Class B rating and is zoned C-3, allowing for a variety of retail uses. Built in 2000, this 22,800 square foot site is situated on a highly visible, signalized intersection of Ironbridge Road (Route 10) and Beach Road, ensuring maximum exposure to a substantial customer base. The location benefits from its proximity to a thriving 84,094 square foot shopping center anchored by a Food Lion grocery store, and is surrounded by other successful retailers including Kroger Marketplace, Aldi, Lidl, Starbucks, and Jersey Mike's Subs. This prime location is strategically positioned within Chesterfield County's most significant residential growth area, guaranteeing a robust daytime population and consistent customer traffic. Furthermore, its convenient access to Route 288 enhances its appeal and accessibility. The property is offered as a NNN lease. This is an unparalleled opportunity to establish a successful retail presence in a high-demand area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5101464
    Latitude
    37.3746501

    Nearby Similar for Sale

    • Contact for pricing
      2,500 SF

      Prime Mixed-Use Development Opportunity

      Retail, restaurant, and medical space in a high-growth Richmond area.
      9201 Iron Brg Rd & Courthouse Rd, Chesterfield, VA 23832
      View Details
    • $485,000

      Chesterfield Specialty Property For Sale

      Specialty property available for purchase in Chesterfield, Virginia.
      8518 Easton Ridge Pl, Chesterfield, VA 23832
      View Details
    • Contact for pricing
      31,000 SF

      Office/Warehouse Space in Business Park

      31,000 SF office/warehouse near Chesterfield Towne Center.
      11623-11637 Busy St N, Chesterfield, VA
      View Details
    • Contact for pricing
      17,700 SF

      Automotive Property with Outside Storage

      17,700 SF property on 2.49 acres, C-5 zoning.
      11013 Research Ct N, Chesterfield, VA
      View Details
    • $399,950

      Chesterfield Commercial Property Investment

      Prime location, dual-address commercial site.
      10210 Krause Rd, Chesterfield, VA 23832
      View Details

    FAQs

    What type of property is this?
    Land - 1.2-acre retail pad, prime Chesterfield location.
    Where is this land located?
    The property is located at 7000 Cmns Plz Chesterfield, VA.
    What are key features of this property?
    This property features: 1.20-acre pad site available for sale.; High-visibility location at the signalized intersection of Ironbridge Road (Route 10) and Beach Road.; Adjacent to an 84,094 square foot shopping center anchored by Food Lion.
    (804) 864-9788 Call to check price and availability
    Request Owner's contact information
    7000 Cmns Plz Chesterfield, VA 23832
    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.
    7000 Cmns Plz
    Chesterfield, VA 23832
    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
    7000 Cmns Plz Chesterfield, VA 23832
    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

    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
    (804) 864-9788 (804) 539-7793
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!