New search
Property profile & analytics
FOR LEASE
Medical Office Space
11601 Iron Bridge Rd, Chester, VA 23831
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-0824719
For Lease
1 / 2
$1,785,000
11601 Iron Bridge Rd, Chester, VA 23831
View Listing →
Property summary
AI-generated overview
This exceptional medical office building, located at 11601 Iron Bridge Rd in Chester, Virginia, 23831, offers 11,453 square feet of completely vacant space for lease. The property is currently available in multiple suites, with a minimum divisible space of 1,251 square feet and a maximum contiguous space of 4,393 square feet. This presents a unique opportunity for medical practices seeking flexible and adaptable space to meet their specific needs. The building's prime location in Chesterfield County provides excellent accessibility for patients and staff. Ample parking is available on-site, ensuring convenient access for everyone. The property is classified as a medical office building, making it ideally suited for a variety of healthcare providers. The address is easily accessible from major roadways, offering convenient commutes for both employees and clients. This is a fully vacant building, providing a blank canvas for a new tenant to customize the space to their exact specifications. Interested parties should inquire about lease terms and conditions. The property is situated in Chesterfield County, Virginia.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
BRICK
Total area
24,297 SF
Lot
5.66 ac (246,462 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
775-65-40-06-800-000
UPID
US87-0824719
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
-
Bermant Plastic Cosmetic Physician Medical Clinic
-
Andrew L. Rose, MD Pediatrician Physician
-
NEXT Molecular Analytics Corporate Office
-
Virginia Eye Institute - Ironbridge Medical Park Eye Care Center Ophthalmologist
-
Eric Floranda, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$1.79M
Owner & transaction history
Chesterfield Cmnty Healthcare · 17 yrs held
Chesterfield Cmnty Healthcare
since 2008
1 recorded transaction
Zoning & alternative use
C2 - NBHD BUSINESS DIST · Chester, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+102.5%
Auto repair, garage
$2.4M
+71.2%
Retail stores
$2.1M
+55.0%
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
by Request
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,380,000
Current use
COMMERCIAL (GENERAL)
$2,790,000
Change: +102% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,360,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$2,135,000
Change: +55% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,120,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.96M · ±10%
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
$73 / 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
$74,822
Tax year 2024
Assessed value
$8,204,700
Assessed 2024
Previous assessed
$7,707,500
+6.5% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,486,200
Assessed improvement
$6,718,500
Land market value
$1,486,200
Improvement market value
$6,718,500
Total market value
$8,204,700
Applied tax rate
1.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1996
Construction
BRICK
Heating
NONE
Stories
1
Total area
24,297 SF
Lot
5.66 ac (246,462 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
775-65-40-06-800-000
UPID
US87-0824719
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C2 - NBHD BUSINESS DIST · Chester, VA
Zoning C2 - NBHD BUSINESS DIST · permitted uses
C2 - NBHD BUSINESS DIST · Chester, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
BRICK
Heating
NONE
Stories
1
Lot
5.66 ac
Current owner
From public records · entity-resolved
Chesterfield Cmnty Healthcare
Individual
Mailing address
5801 BREMO RD, RICHMOND, VA 23226-1907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Jul 30, 2008
—
Chesterfield Cmnty Healthcare
—
Grant Deed
related
$6,250,000 · Ohio National Life Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
