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Property profile & analytics
OFF-MARKET
Estimated value
$35,420,000
Industrial properties
1400 Digital Dr Chester, VA 23836-2869
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US87-3727037
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2022
Total area
352,800 SF
Lot
54.3 ac (2,365,308 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
823-65-20-80-500-000
UPID
US87-3727037
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
by Request
CAP Approach
CAP
$32.42M
Comparable Approach
Comparable
$46.08M
Blend (final)
Blend
$35.42M
Owner & transaction history
Bbk Meadowville LLC · 3 yrs held
Bbk Meadowville LLC
since 2023
Last sale
$37.5M
2 recorded transactions
Zoning & alternative use
I2 - GEN INDUSTRIAL 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
$34,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,120,000
6.5%
$32,415,000
7%
$30,100,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$35,440,000
Current use
Blend value · Realmo final
$35.42M
Range $31.88M – $38.96M · ±10% · vs last sale $37.50M (Mar 23 2023)
Last sale anchor
$37.50M
Mar 23 2023
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
$100 / 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
$344,620
Tax year 2024
Assessed value
$37,841,900
Assessed 2024
Previous assessed
$38,110,100
-0.7% YoY
Effective rate
0.91%
On assessed value
Assessed land
$3,872,800
Assessed improvement
$33,969,100
Land market value
$3,872,800
Improvement market value
$33,969,100
Total market value
$37,841,900
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2022
Total area
352,800 SF
Lot
54.3 ac (2,365,308 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
823-65-20-80-500-000
UPID
US87-3727037
Jurisdiction
CHESTERFIELD
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · Chester, VAZoning I2 - GEN INDUSTRIAL DIST · permitted uses
I2 - GEN INDUSTRIAL 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
INDUSTRIAL (GENERAL) Current
Est. value
$35.4M
INDUSTRIAL (GENERAL) 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
2022
Lot
54.3 ac
Current owner
From public records · entity-resolved
Bbk Meadowville LLC
Entity
Mailing address
950 TOWER LN STE #1900, FOSTER CITY, CA 94404-2131
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
$37,500,000
Bbk Meadowville LLC
Ri Chester Property LLC
Special Warranty Deed
$19,025,000 · Delta Community Credit Union
Mar 23, 2021
—
Ri Chester Perperty LLC
—
Deed
related
$16,500,000 · Pinnacle Bank
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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