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Property profile & analytics
OFF-MARKET
Estimated value
$20,000,000
Research & development properties
11520 Iron Brg Rd Chester, VA 23831-1449
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-1316444
Property profile
Verified
Property type
Research & development properties
Use group
WASTE DISPOSAL, SEWAGE
Year built
2004
Construction
STEEL FRAME
Total area
792 SF
Lot
534.39 ac (23,278,203 SF)
Zoning code
A - AGRICULTURAL
APN
772-65-35-41-800-000
UPID
US87-1316444
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SHOOSMITH General Contractor
-
Vulcan Materials Company Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$25.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.00M
Owner & transaction history
Florida Rock Industries INC · 2 yrs held
Florida Rock Industries INC
since 2024
Last sale
$15.0M
1 recorded transaction
Zoning & alternative use
A - AGRICULTURAL · Chester, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$25,000,000
ML approach
$25,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.00M
Range $18.00M – $22.00M · ±10% · vs last sale $15.00M (Sep 5 2024)
Last sale anchor
$15.00M
Sep 5 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$25,253 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$156,417
Tax year 2024
Assessed value
$17,379,700
Assessed 2024
Previous assessed
$16,729,500
+3.9% YoY
Effective rate
0.90%
On assessed value
Assessed land
$13,385,600
Assessed improvement
$3,994,100
Land market value
$13,385,600
Improvement market value
$3,994,100
Total market value
$17,379,700
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Research & development properties
Use group
WASTE DISPOSAL, SEWAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
792 SF
Lot
534.39 ac (23,278,203 SF)
Zoning code
A - AGRICULTURAL
APN
772-65-35-41-800-000
UPID
US87-1316444
Jurisdiction
CHESTERFIELD
Zoning & alternative use
A - AGRICULTURAL · Chester, VAZoning A - AGRICULTURAL · permitted uses
A - AGRICULTURAL · Chester, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
534.39 ac
Current owner
From public records · entity-resolved
Florida Rock Industries INC
Entity
Free & Clear · 2 yrs held
Mailing address
1200 URBAN CTR DR, VESTAVIA, AL 35242-2545
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2024
$25,000,000
Florida Rock Industries INC
Shoosmith Bros INC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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