Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    11300 Iron Brg Rd Chester, VA 23831-1428

    • Office buildings
    • 6,120 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1023864
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Midpoint Chiropractic And Acupuncture Dr. G.W. Chirkinian, DC / Chiropractor
    • Dr. D's Quality Handyman Services / Handyman/Handywoman/Handyperson
    • Hi Tech Dental Lab / Dental Laboratory
    • Commforce LLC / Title Company
    • Nexus Community Services / Non-Profit Organization

    Property Details for 11300 Iron Brg Rd

    Year built
    1984
    Lot size
    1.00 lot acres
    Property size
    6,120 SF
    Zone code
    R7 - SINGLE FAMILY RES
    Property type
    Office buildings
    APN
    773-65-68-03-600-000
    APU
    773656803600000

    Description

    This 6,120 square foot medical office building in Chester, Virginia, presents a unique owner-user and investment opportunity. Situated on a 1.004-acre lot with prominent Iron Bridge Road (Route 10) frontage boasting 25,000 ADT, this single-story, 1988-built property offers significant visibility and accessibility. The building features five units, currently 83% occupied by four tenants, including Chesterfield County and Hi Tech Dental Lab. Recent renovations (2023 and 2024) included a new HVAC unit, roof repairs, and parking lot improvements. The interior is easily reconfigurable due to non-load-bearing walls, allowing for flexible space planning. A significant portion (3,066 square feet) is immediately available for lease or owner-occupancy. The property benefits from its strategic location near major interstates (I-95 and I-288), significant residential developments (Courthouse Landing and Attain at Swift Creek Apartments), and ample retail amenities. The asking price is $1,150,000 ($187.91/sq ft), with current tenants paying below-market rates, offering potential for future rental increases (3% annually). Additional undeveloped land at the rear of the property provides development potential for increased frontage on Iron Bridge Road. This property is zoned R7 with an O2 variance. The building is classified as Class C with a modified lease type. This is an exceptional opportunity for an owner-user seeking immediate occupancy and long-term investment potential in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4991
    Latitude
    37.3605
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,772
    $293,000
    $217,200
    $510,200
    -
    $293,000
    $217,200
    $510,200

    Comparable in this City

    • Value Estimation
      $260,000
      3,944 SF

      2667 Osborne Rd

      OFFICE BUILDING • 3,944 SF
      2667 Osborne Rd, Chester, VA 23831-2139
      View Details
    • Value Estimation
      $730,000
      1,971 SF

      4312 Old 100th Rd

      OFFICE BUILDING • 1,971 SF
      4312 Old 100th Rd, Chester, VA 23831-4231
      View Details
    • Value Estimation
      $1,010,000
      7,846 SF

      4211 Old 100th Rd

      OFFICE BUILDING • 7,846 SF
      4211 Old 100th Rd, Chester, VA 23831-4401
      View Details
    • Value Estimation
      $925,000
      936 SF

      2710 100th Rd

      OFFICE BUILDING • 936 SF
      2710 100th Rd, Chester, VA 23831-2309
      View Details
    • Value Estimation
      $270,000
      1,200 SF

      3800 100th Rd

      OFFICE BUILDING • 1,200 SF
      3800 100th Rd, Chester, VA 23831-1920
      View Details
    • Value Estimation
      $240,000
      600 SF

      4403 100th Rd

      OFFICE BUILDING • 600 SF
      4403 100th Rd, Chester, VA 23831-1739
      View Details

    Similar Nearby for Sale

    • $350,000
      0.51 Acres

      Jefferson Davis Hwy Retail Pad

      High-traffic Chester, VA retail site.
      12141 Jefferson Davis Hwy, Chester, VA 23831
      View Details
    • $750,000
      2.25 Acres

      Chester Commercial Property - Prime Location

      Historic Chester building, 2.25 acres, $750,000.
      4807 Hundred Rd, Chester, VA 23831
      View Details
    • $80,000
      Pending

      Land For Sale, Chester, VA

      Land available in Chester, Virginia.
      12332 E Booker Blvd, Chester, VA 23831
      View Details
    • $495,000
      26,861 SF

      Chester Village Outparcel Retail Space

      Prime Retail Outparcel in Chester, VA
      4406 Hundred Rd, Chester, VA 23831
      View Details
    • $375,000

      Prime Commercial Land Opportunity

      1.5 AC parcel with frontage on W Hundred Road.
      4725 W Hundred Rd, Chester, VA 23831
      View Details
    • $399,000

      Chester Land Parcel For Sale

      Usable acreage suitable for daycare, school, church, or office.
      5231 W Hundred Rd, Chester, VA 23831
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,251 SF

      Office Space in Chester, VA

      Office space available for rent in Chester, Virginia.
      11601 Iron Bridge Rd, Chester, VA 23831
      View Details
    • $20 SF/Yr
      6,318 SF

      Second Floor Office Space Available

      6,318 SF office space with elevator access.
      3700 Festival Park Plz, Chester, VA 23831
      View Details
    • Contact for pricing
      7,400 SF

      Office/Medical Space on Iron Bridge

      Office and medical spaces available for lease on Iron Bridge.
      12240 Iron Bridge Rd, Chester, VA 23831
      View Details
    • Contact for pricing

      Prime Chester Retail Pad

      High-visibility land, ideal for development.
      12141 Jefferson Davis Hwy, Chester, VA 23831
      View Details
    • Contact for pricing
      1,350 SF

      Retail Space Near Walmart Anchor

      2,700 SF retail space with high traffic and strong demographics.
      11964-11996 Iron Bridge Rd, Chester, VA 23831
      View Details
    • Contact for pricing
      2,658 SF

      Retail Space Available for Lease

      2,658 SF retail space with high visibility and signage.
      12540 Jefferson Davis Hwy, Chester, VA 23831
      View Details
    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.
    11300 Iron Brg Rd
    Chester, VA 23831-1428
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.