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    Property profile & analytics

    12511 Rte 1st 1 Chester, VA 23831-5305

    • Shopping centers
    • 16,844 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 07, 2022
    $22,500,000
    Location Intelligence
    Property ID
    US87-3650051
    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

    • Shopping centers

    Property Details for 12511 Rte 1st 1

    Year built
    1978
    Lot size
    0.39 lot acres
    Property size
    16,844 SF
    Zone code
    C5 - GEN BUSINESS DIST
    Property type
    Shopping centers
    Property subtype
    Specialty properties
    APN
    799-65-42-82-700-000
    APU
    799654282700000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4115
    Latitude
    37.354
    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
    $25,625
    $79,800
    $2,755,800
    $2,835,600
    -
    $79,800
    $2,755,800
    $2,835,600

    Comparable in this City

    • Value Estimation by Request
      11,200 SF

      12700 Rte 1st 1

      SHOPPING CENTER COMMON AREA • 11,200 SF
      12700 Rte 1st 1, Chester, VA 23831-5369
      View Details
    • Value Estimation by Request
      884 SF

      12601 Rte 1st 1

      SHOPPING CENTER COMMON AREA • 884 SF
      12601 Rte 1st 1, Chester, VA 23831-5307
      View Details
    • Value Estimation
      $3,525,000
      7,023 SF

      9801 Chester Rd

      SHOPPING CENTER COMMON AREA • 7,023 SF
      9801 Chester Rd, Chester, VA 23831-1104
      View Details
    • Value Estimation by Request
      4,260 SF

      11700 Rte 1st 1

      SHOPPING CENTER COMMON AREA • 4,260 SF
      11700 Rte 1st 1, Chester, VA 23831-2124
      View Details
    • Value Estimation by Request
      8,508 SF

      4412 100th Rd

      SHOPPING CENTER COMMON AREA • 8,508 SF
      4412 100th Rd, Chester, VA 23831-1738
      View Details
    • Value Estimation by Request
      29,825 SF

      10322 Iron Brg Rd

      SHOPPING CENTER COMMON AREA • 29,825 SF
      10322 Iron Brg Rd, Chester, VA 23831-1425
      View Details

    Similar Nearby for Sale

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    • $495,000
      26,861 SF

      Chester Village Outparcel Retail Space

      Prime Retail Outparcel in Chester, VA
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      Chester Village Retail Center

      Prime Retail Space, High Traffic Area
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    • $199,000
      7,426 SF

      Retail Center in Chester, Virginia

      Retail center in Chester, Virginia with excellent accessibility.
      2650 Weir Pl, Chester, VA 23831
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    • Contact for pricing
      3,010 SF

      Retail Property in Chester, Virginia

      Retail property with 3,010 square feet of space.
      12441 Redwater Creek Rd, Chester, VA 23831
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    • $350,000
      0.51 Acres

      Jefferson Davis Hwy Retail Pad

      High-traffic Chester, VA retail site.
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    Similar Nearby for Lease

    • Contact for pricing
      1,350 SF

      Retail Space Near Walmart Anchor

      2,700 SF retail space with high traffic and strong demographics.
      11964-11996 Iron Bridge Rd, Chester, VA 23831
      View Details
    • Contact for pricing

      Prime Chester Retail Pad

      High-visibility land, ideal for development.
      12141 Jefferson Davis Hwy, Chester, VA 23831
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    • Contact for pricing
      2,658 SF

      Retail Space Available for Lease

      2,658 SF retail space with high visibility and signage.
      12540 Jefferson Davis Hwy, Chester, VA 23831
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Iron Bridge

      Retail space available at a signalized intersection on Iron Bridge.
      10322 Iron Bridge Rd, Chester, VA 23831
      View Details
    • Contact for pricing
      1,251 SF

      Office Space in Chester, VA

      Office space available for rent in Chester, Virginia.
      11601 Iron Bridge Rd, Chester, VA 23831
      View Details
    • $20 SF/Yr
      6,318 SF

      Second Floor Office Space Available

      6,318 SF office space with elevator access.
      3700 Festival Park Plz, Chester, VA 23831
      View Details
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    Chester, VA 23831-5305
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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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