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Property profile & analytics
OFF-MARKET
Estimated value
$6,105,000
Retail space
11914 Iron Brg Plz Chester, VA 23831-1441
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US87-1083764
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
30,639 SF
Lot
3.65 ac (158,994 SF)
Zoning code
C5 - GEN BUSINESS DIST
APN
777-65-38-81-400-000
UPID
US87-1083764
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
-
Sport Clips Haircuts of Chester - Iron Bridge Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.09M
CAP Approach
CAP
$5.98M
Comparable Approach
Comparable
$3.72M
Blend (final)
Blend
$6.11M
Owner & transaction history
Pgp River Forest LLC · 5 yrs held
Pgp River Forest LLC
since 2021
Last sale
$6.1M
4 recorded transactions
Zoning & alternative use
C5 - GEN BUSINESS DIST · Chester, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.8M
+57.6%
Auto repair, garage
$7.6M
+22.5%
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
$6,255,000
ML approach
$6,085,000
CAP Approach
CAP Return
Estimation
6%
$6,470,000
6.5%
$5,975,000
7%
$5,550,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,185,000
Current use
OFFICE BUILDING
$9,750,000
Change: +58% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,580,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$6.11M
Range $5.49M – $6.72M · ±10% · vs last sale $6.10M (Feb 26 2021)
Last sale anchor
$6.10M
Feb 26 2021
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
$199 / 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
$54,823
Tax year 2024
Assessed value
$6,005,900
Assessed 2024
Previous assessed
$5,904,300
+1.7% YoY
Effective rate
0.91%
On assessed value
Assessed land
$1,146,300
Assessed improvement
$4,859,600
Land market value
$1,146,300
Improvement market value
$4,859,600
Total market value
$6,005,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
30,639 SF
Lot
3.65 ac (158,994 SF)
Zoning code
C5 - GEN BUSINESS DIST
APN
777-65-38-81-400-000
UPID
US87-1083764
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C5 - GEN BUSINESS DIST · Chester, VA
Zoning C5 - GEN BUSINESS DIST · permitted uses
C5 - GEN 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
RETAIL STORES Current
Est. value
$6.2M
OFFICE BUILDING
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$7.6M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2007
Heating
NONE
Stories
1
Lot
3.65 ac
Current owner
From public records · entity-resolved
Pgp River Forest LLC
Entity
Mailing address
1829 E FRANKLIN ST STE 800F, CHAPEL HILL, NC 27514-5867
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$6,100,000
Pgp River Forest LLC
The Shoppes At River Forest LLC
Special Warranty Deed
$3,965,000 · Standard Insurance Company
May 24, 2013
—
Shoppes At River Forest LLC
—
Loan Modification
related
$4,680,000 · Branch Banking & Trust Co
Jun 1, 2006
—
Shoppes At River Forest LLC
River Forest Dev Co LLC
Quit Claim Deed
related
—
—
—
At River Front Shoppes
—
Deed Of Trust
related
$890,000 · Branch Banking & Trust 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.
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