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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office buildings
11923 Ctr St Chester, VA 23831-1702
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-3858024
Property summary
AI-generated overview
This newly renovated 1,280 square foot office suite is available for lease at 11923 Centre St, Chester, VA 23831. Located on the second floor of a two-story, multi-tenant Class C office building constructed in 1978, this space offers a direct entry, private reception/waiting area, two large private offices, an extra-large conference room, a breakroom, and restrooms. The building totals 8,706 square feet and comprises 16 suites. The minimum divisible space is 1,280 square feet, which is also the maximum contiguous space currently available. The building does not have elevators
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
2,560 SF
Lot
0.61 ac (26,615 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
789-65-50-45-600-000
UPID
US87-3858024
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
-
Clarity Hearing, Inc Audiologist Hearing Aid Repair Service
-
Building Bridges Therapeutic & Consulting Services Counselor
-
Sunzraye McCargo, Prestige Realty Real Estate Agency
-
Joy Drumgold Terry Physician Medical Clinic
-
Kelly's Sewing Room (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$640k
Owner & transaction history
Abds LLC · 1 yrs held
Abds LLC
since 2025
Last sale
$587,500
5 recorded transactions
Zoning & alternative use
C3 - COMMUNITY BUS DIST · 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
$700,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$430,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$815,000
Current use
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $588k (Mar 18 2025)
Last sale anchor
$588k
Mar 18 2025
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
$250 / 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
$5,101
Tax year 2024
Assessed value
$549,300
Assessed 2024
Previous assessed
$531,400
+3.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$274,100
Assessed improvement
$275,200
Land market value
$274,100
Improvement market value
$275,200
Total market value
$549,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
2,560 SF
Lot
0.61 ac (26,615 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
789-65-50-45-600-000
UPID
US87-3858024
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C3 - COMMUNITY BUS DIST · Chester, VAZoning C3 - COMMUNITY BUS DIST · permitted uses
C3 - COMMUNITY BUS DIST · Chester, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$815,000
OFFICE BUILDING Current
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
1978
Heating
NONE
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Abds LLC
Entity
Mailing address
PO BOX 732, CHESTERFIELD, VA 23832-0011
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
$587,500
Abds LLC
Centre Street LLC
Warranty Deed
$400,000 · First National Bank Of Pennsylvania
Feb 1, 2019
—
Centre Street LLC
—
Deed
related
$365,500 · New Horizon Bk NA
Oct 18, 2004
$450,000
Centre Street LLC
Branch Bk & Trust Co Of Va
Grant Deed
$488,897 · Southern Community Bank
Jul 12, 2004
$458,000
Branch Bk & Trust Co Of Va
Scarce,stephen E
Grant Deed
related
—
—
—
Centre Street LLC
—
Deed Of Trust
related
$365,500 · New Horizon Bk NA
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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