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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Warehouses
12301 Rte 1st 1 Chester, VA 23831-2341
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-0025091
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1988
Total area
3,270 SF
Lot
8.67 ac (377,752 SF)
Zoning code
C5 - GEN BUSINESS DIST
APN
799-65-58-97-600-000
UPID
US87-0025091
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Elevate Apartments LLC · 3 yrs held
Elevate Apartments LLC
since 2022
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
C5 - GEN BUSINESS 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
$2,595,000
ML approach
$2,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.75M (Aug 15 2022)
Last sale anchor
$2.75M
Aug 15 2022
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
$810 / 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
$6,181
Tax year 2024
Assessed value
$679,000
Assessed 2024
Previous assessed
$681,100
-0.3% YoY
Effective rate
0.91%
On assessed value
Assessed land
$593,500
Assessed improvement
$85,500
Land market value
$593,500
Improvement market value
$85,500
Total market value
$679,000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
2
Stories
1
Total area
3,270 SF
Lot
8.67 ac (377,752 SF)
Zoning code
C5 - GEN BUSINESS DIST
APN
799-65-58-97-600-000
UPID
US87-0025091
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C5 - GEN BUSINESS DIST · Chester, VAZoning 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
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Buildings
2
Lot
8.67 ac
Current owner
From public records · entity-resolved
Elevate Apartments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
560 LYNNHAVEN PKWY, VIRGINIA BEACH, VA 23452-7312
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
$2,750,000
Elevate Apartments LLC
Caldwell Reese Enterprises LLC
Special Warranty Deed
—
Apr 12, 2005
$600,000
Caldwell Reese Enterprises LLC
Dac Associates LLC
Grant Deed
$500,000 · First Market Bank Fsb
Feb 18, 2004
$1,000,000
Dac Associates LLC
Best Trucking Company INC
Grant Deed
—
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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