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

    11507 Allecingie Pkwy North Chesterfield, VA 23235-4301

    • Medical offices
    • 1,898 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1148404
    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

    • Jose A Mera & Associates / Dental Office
    • Christopher Wolberg, DDS / Dental Office
    • David Beck / Dental Office / Physician
    • Theopisti (Vera) Tarasidis / Dental Office
    • Dr. Vera Tarasidis, DDS / Dental Office

    Property Details for 11507 Allecingie Pkwy

    Year built
    1978
    Lot size
    0.28 lot acres
    Property size
    1,898 SF
    Zone code
    C2 - NBHD BUSINESS DIST
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    739-71-38-55-900-000
    APU
    739713855900000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6141
    Latitude
    37.5186
    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
    $3,098
    $125,000
    $208,100
    $333,100
    -
    $125,000
    $208,100
    $333,100

    Comparable in this City

    • Value Estimation
      $1,760,000
      17,134 SF

      1400 Johnston Willis Dr

      MEDICAL BUILDING • 17,134 SF
      1400 Johnston Willis Dr, North Chesterfield, VA 23235-4765
      View Details
    • Value Estimation
      $4,605,000
      40,216 SF

      1051 Johnston Willis Dr

      MEDICAL BUILDING • 40,216 SF
      1051 Johnston Willis Dr, North Chesterfield, VA 23235-4872
      View Details
    • Value Estimation
      $520,000
      5,566 SF

      8710 Choctaw Rd

      MEDICAL BUILDING • 5,566 SF
      8710 Choctaw Rd, North Chesterfield, VA 23235-3472
      View Details
    • Value Estimation
      $855,000
      9,995 SF

      7410 Hull St Rd

      MEDICAL BUILDING • 9,995 SF
      7410 Hull St Rd, North Chesterfield, VA 23235-5834
      View Details
    • Value Estimation
      $705,000
      4,095 SF

      8719 Frst Hl Ave

      MEDICAL BUILDING • 4,095 SF
      8719 Frst Hl Ave, North Chesterfield, VA 23235-2431
      View Details
    • Value Estimation
      $8,970,000
      66,768 SF

      9109 Stony Pt Dr

      MEDICAL CLINIC • 66,768 SF
      9109 Stony Pt Dr, Richmond, VA 23235-1979
      View Details

    Similar Nearby for Sale

    • $4,850,000
      27,700 SF

      Prominent Building on Route 360

      Two-story building on 3.63 acres with high visibility.
      8141 Hull Street Rd, North Chesterfield, VA 23235
      View Details
    • $109,999
      3.20 Acres

      Residential Land in Chesterfield, VA

      3.2 acres in Stonemill Creek subdivision, ready for building.
      1551 Twilight Ln, Richmond, VA 23235
      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 23235
      View Details
    • $400,000
      1.89 Acres

      Residential Land with Pool House

      Approximately 2 acre lot with existing pool and pool house.
      4220 Southampton Rd, Richmond, VA 23235
      View Details
    • $40,000
      Pending

      Residential Lot in Cedar Grove

      Buildable lot in desirable Richmond location near Stony Point.
      10031 Twin Valley Rd, Richmond, VA 23235
      View Details
    • $109,999
      3.20 Acres

      Residential Land in Stonemill Creek

      3.2 acres in a newly built subdivision.
      1551 Twilight Ln, Richmond, VA 23235
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      66,867 SF

      Midlothian Turnpike Medical Office Space

      Prime Medical Office & Daycare Space Available
      9321 Midlothian Tpke, Bon Air, VA 23235
      View Details
    • $18 SF/Yr
      2,379 SF

      Richmond Office Space For Rent

      Office park with recent renovations and medical center proximity.
      9327 Midlothian Tpke, Richmond, VA 23235
      View Details
    • Contact for pricing
      18,000 SF

      Medical Office Sublease Opportunity

      Sublease opportunity: 17,951 SF medical office near HCA hospital.
      1400 Johnston Willis Dr, North Chesterfield, VA 23235
      View Details
    • Contact for pricing
      62,900 SF

      Office/Medical Build-to-Suit Opportunity

      Customizable office/medical space in Chesterfield County with ample parking.
      134 Gateway Centre Pkwy, North Chesterfield, VA 23235
      View Details
    • $24 SF/Yr
      2,847 SF

      Class A Medical Space

      Premier medical hub location with immediate Chippenham Parkway access.
      8700 Stony Point Pkwy, Richmond, VA 23235
      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 23235
      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.
    11507 Allecingie Pkwy
    North Chesterfield, VA 23235-4301
    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.