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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Manufacturing properties
14500 Rte 1st 1 Colonial Heights, VA 23834
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US87-1297549
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Total area
40,425 SF
Lot
16.16 ac (703,930 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
799-64-39-87-300-000
UPID
US87-1297549
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
$2.84M
CAP Approach
CAP
$3.72M
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$2.75M
Owner & transaction history
Ashton Creek Industrial Park LLC · 1 yrs held
Ashton Creek Industrial Park LLC
since 2024
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · Colonial Heights, VA
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 Colonial Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colonial Heights 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
$2,770,000
ML approach
$2,835,000
CAP Approach
CAP Return
Estimation
6%
$4,025,000
6.5%
$3,715,000
7%
$3,450,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,060,000
Current use
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $2.70M (Dec 14 2021)
Last sale anchor
$2.70M
Dec 14 2021
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
$68 / 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
$24,485
Tax year 2024
Assessed value
$2,548,300
Assessed 2024
Previous assessed
$2,250,000
+13.3% YoY
Effective rate
0.96%
On assessed value
Assessed land
$433,900
Assessed improvement
$2,114,400
Land market value
$433,900
Improvement market value
$2,114,400
Total market value
$2,548,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Heating
SPACE
Stories
1
Total area
40,425 SF
Lot
16.16 ac (703,930 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
799-64-39-87-300-000
UPID
US87-1297549
Jurisdiction
CHESTERFIELD
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · Colonial Heights, VAZoning I2 - GEN INDUSTRIAL DIST · permitted uses
I2 - GEN INDUSTRIAL DIST · Colonial Heights, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ARTICLE II
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
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
1981
Heating
SPACE
Stories
1
Lot
16.16 ac
Current owner
From public records · entity-resolved
Ashton Creek Industrial Park LLC
Entity
Mailing address
1330 BELLWOOD RD, NORTH CHESTERFIELD, VA 23237-1332
Ownership since
2024
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
Aug 26, 2024
—
Ashton Creek Industrial Park LLC
The County Of Chesterfield Virginia
Quit Claim Deed
related
—
Dec 14, 2021
$2,700,000
Ashton Creek Industrial Park LLC
South Atlantic Properties INC
Warranty Deed
—
Mar 28, 2008
—
South Atlantic Properties INC
—
Deed Of Trust
related
$1,500,000 · Union Bank & Trust
Aug 3, 2007
$1,590,000
South Atlantic Properties INC
Cycle,systems INC
Grant Deed
—
—
—
Cycle Systems INC
—
Deed Of Trust
related
$400,000 · National Bank Commerce Tr & Sa
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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