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    Property profile & analytics

    11616 Busy St North Chesterfield, VA 23236-4060

    • Industrial properties
    • 2,638 SF
    • 7.59 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US87-0358043
    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 11616 Busy St

    Year built
    1984
    Lot size
    7.59 lot acres
    Property size
    2,638 SF
    Zone code
    C5 - GEN BUSINESS DIST
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    740-70-74-24-800-019
    APU
    740707424800019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $225,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $200,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $220,000
      Retail
      $205,000
      Mixed-Use
      $245,000
      Hospitality
      $190,000
      Educational
      $230,000
      Residential Income
      $185,000
      Energy
      $215,000
      Income-Based Land
      $190,000
      Food Service
      $240,000

    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
    $3,382
    $43,200
    $318,700
    $361,900
    -
    $43,200
    $318,700
    $361,900

    Comparable in this City

    • Value Estimation by Request
      18,219 SF

      401 Southlake Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 18,219 SF
      401 Southlake Blvd, North Chesterfield, VA 23236-3044
      View Details
    • Value Estimation
      $1,145,000
      25,036 SF

      500 Southlake Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 25,036 SF
      500 Southlake Blvd, North Chesterfield, VA 23236-3043
      View Details
    • Value Estimation
      $2,110,000
      10,395 SF

      530 Southlake Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,395 SF
      530 Southlake Blvd, North Chesterfield, VA 23236-3067
      View Details
    • Value Estimation by Request
      5,400 SF

      11000 Trade Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,400 SF
      11000 Trade Rd, North Chesterfield, VA 23236-3910
      View Details
    • Value Estimation by Request
      8,200 SF

      10802 Trade Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,200 SF
      10802 Trade Rd, North Chesterfield, VA 23236-3036
      View Details
    • Value Estimation
      $8,940,000
      28,500 SF

      200 Wadsworth Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 28,500 SF
      200 Wadsworth Dr, North Chesterfield, VA 23236-4526
      View Details

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    11616 Busy St
    North Chesterfield, VA 23236-4060
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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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