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    Property profile & analytics

    11609 Busy St North Chesterfield, VA 23236-4059

    • Industrial properties
    • 3,350 SF
    • 7.59 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    Feb 03, 2020
    $375,000
    Location Intelligence
    Property ID
    US87-0517035
    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

    • Industrial properties

    Property Details for 11609 Busy St

    Year built
    1984
    Lot size
    7.59 lot acres
    Property size
    3,350 SF
    Zone code
    C5 - GEN BUSINESS DIST
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    740-70-74-24-800-003
    APU
    740707424800003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $405,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $350,000
      Mixed-Use
      $370,000
      Hospitality
      $410,000
      Educational
      $355,000
      Residential Income
      $420,000
      Energy
      $405,000
      Income-Based Land
      $345,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6123
    Latitude
    37.5021
    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
    $3,469
    $55,800
    $315,600
    $371,400
    -
    $55,800
    $315,600
    $371,400

    Comparable in this City

    • Value Estimation
      $285,000
      2,932 SF

      611 Moorefield Park Dr Ste D

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,932 SF
      611 Moorefield Park Dr Ste D, North Chesterfield, VA 23236-3667
      View Details
    • Value Estimation
      $1,200,000
      8,283 SF

      11310 Business Ctr Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,283 SF
      11310 Business Ctr Dr, North Chesterfield, VA 23236-3068
      View Details
    • Value Estimation
      $1,510,000
      1,265 SF

      11635 Busy St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,265 SF
      11635 Busy St, Richmond, VA 23236
      View Details
    • Value Estimation by Request
      6,920 SF

      601 Moorefield Park Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 6,920 SF
      601 Moorefield Park Dr, North Chesterfield, VA 23236-3654
      View Details
    • Value Estimation by Request
      3,576 SF

      711 Research Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,576 SF
      711 Research Rd, North Chesterfield, VA 23236-3927
      View Details
    • Value Estimation by Request
      5,550 SF

      730 Research Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,550 SF
      730 Research Rd, North Chesterfield, VA 23236-3958
      View Details

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    Similar Nearby for Lease

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      7,391 SF

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    • $8 SF/Yr
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      2642 SF Office, Prime Location
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      30,000 SF

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      4,246 SF Class A Office Space Available
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      60,000 SF Class A office building with lake views.
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    • Contact for pricing
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      Office space with private entry and abundant parking.
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      View Details
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    North Chesterfield, VA 23236-4059
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    Realmo Value Estimation

    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.

    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.

    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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