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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4408 Hundred Rd Chester, VA 23831

    • Lifestyle centers
    • 2,500 SF
    For Sale
    View listing
    $495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Todd Wagner, RPh / Pharmacy
    • Zenobia Hurdle / Pharmacy

    Property Details for 4408 Hundred Rd

    Property size
    2,500 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents two retail spaces within the thriving Chester Village Shopping Center in Chesterfield County, Virginia. The property boasts a combined total of 4,900 square feet of retail space, plus a 2,500 square foot outparcel, offering significant flexibility for various commercial uses. The main retail space is situated within the established Chester Village Shopping Center, benefiting from existing tenant synergy and high visibility. The outparcel provides additional development potential. The property is conveniently located on Route 10 (W Hundred Rd), a major thoroughfare with a high daily traffic volume of 23,000 vehicles. This strategic location ensures excellent exposure and accessibility for businesses. The C-3 zoning allows for a wide range of commercial uses, enhancing the property's versatility. Adding to its appeal, the property is situated near a substantial residential population, with nearly 37,000 daytime employees within a 5-mile radius, providing a robust customer base. The asking price for this exceptional retail property is $495,000. The property's location, zoning, and size make it an ideal investment for both established businesses and new ventures seeking a prime location in a high-traffic area. Don't miss this chance to acquire a valuable asset in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4493
    Latitude
    37.3555

    Comparable in this City

    • Value Estimation by Request
      26,861 SF

      4406 Hundred Rd

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      7,400 SF

      4408 Hundred Rd

      Lifestyle centers • 7,400 SF
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      12,900 SF

      12540 Jefferson Davis Hwy

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      Breckenridge Shopping Ctr

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      15.00 Acres

      14201 Iron Bridge Rd

      Land • 15.00 Acres
      14201 Iron Bridge Rd, Chester, VA 23831
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    • Value Estimation by Request
      0.51 Acres

      12141 Jefferson Davis Hwy

      Individual retail properties • 0.51 Acres
      12141 Jefferson Davis Hwy, Chester, VA 23831
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    Similar Nearby for Sale

    • $495,000
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      Chester Village Outparcel Retail Space

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      4406 Hundred Rd, Chester, VA 23831
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    • $495,000
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      Chester Village Retail Center

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      4408 Hundred Rd, Chester, VA 23831
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      3,010 SF

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      7,426 SF

      Retail Center in Chester, Virginia

      Retail center in Chester, Virginia with excellent accessibility.
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    • $55,000
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    Similar Nearby for Lease

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      1,350 SF

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      2,658 SF

      Retail Space Available for Lease

      2,658 SF retail space with high visibility and signage.
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      1,200 SF

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      Retail space available at a signalized intersection on Iron Bridge.
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      1,251 SF

      Office Space in Chester, VA

      Office space available for rent in Chester, Virginia.
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      6,318 SF

      Second Floor Office Space Available

      6,318 SF office space with elevator access.
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    4408 Hundred Rd
    Chester, VA 23831
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    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
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