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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Shopping centers
12700 Rte 1st 1 Chester, VA 23831-5369
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-0594539
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1991
Construction
STEEL FRAME
Total area
11,200 SF
Lot
29.94 ac (1,304,012 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
798-65-30-18-500-000
UPID
US87-0594539
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
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$700k
Owner & transaction history
County Of Chesterfield Va · 8 yrs held
County Of Chesterfield Va
since 2018
5 recorded transactions
Zoning & alternative use
C3 - COMMUNITY BUS DIST · Chester, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+196.6%
Retail stores
$985,000
+168.5%
Medical building
$635,000
+73.2%
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
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,090,000
Change: +197% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +168% · Conversion: Easy
MEDICAL BUILDING
$635,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$515,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
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
$63 / 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
$216,549
Tax year 2024
Assessed value
$23,514,600
Assessed 2024
Previous assessed
$20,207,600
+16.4% YoY
Effective rate
0.92%
On assessed value
Assessed land
$4,746,600
Assessed improvement
$18,768,000
Land market value
$4,746,600
Improvement market value
$18,768,000
Total market value
$23,514,600
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
11,200 SF
Lot
29.94 ac (1,304,012 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
798-65-30-18-500-000
UPID
US87-0594539
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C3 - COMMUNITY BUS DIST · Chester, VA
Zoning 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
Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$985,000
MEDICAL BUILDING
Est. value
$635,000
INDUSTRIAL (GENERAL)
Est. value
$515,000
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
29.94 ac
Current owner
From public records · entity-resolved
County Of Chesterfield Va
Entity
Free & Clear · 8 yrs held
Mailing address
6350 QUADRANGLE DR STE #205, CHAPEL HILL, NC 27517-7803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
May 14, 2018
—
County Of Chesterfield Va
Breckenridge 2005 LLC
Grant Deed
related
—
Sep 18, 2017
—
Breckenridge 2005 LLC
Breckenridge Associates LLC
Quit Claim Deed
related
—
Oct 7, 2016
—
Breckenridge Assoc LLC
Breckenridge Assoc
Correction Deed
related
—
Dec 29, 2005
—
Breckenridge 2005 LLC
Breckenridge,associates LLC
Quit Claim Deed
related
—
—
—
Breckenridge 2005 LLC
—
Loan Modification
related
$23,000,000 · Miscellaneous Ins 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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