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Property profile & analytics
OFF-MARKET
Estimated value
$10,580,000
Shopping centers
14601 Hancock Vlg St Chesterfield, VA 23832-2758
Individually Owned
5-yr Hold
Free & Clear
Property ID
US87-2276033
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2018
Total area
39,996 SF
Lot
4.93 ac (214,925 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
722-67-05-16-900-000
UPID
US87-2276033
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
$9.69M
CAP Approach
CAP
$9.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.58M
Owner & transaction history
Shoppers Village Versailles Road Ll · 5 yrs held
Shoppers Village Versailles Road Ll
since 2021
Last sale
$11.1M
6 recorded transactions
Zoning & alternative use
C3 - COMMUNITY BUS DIST · Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+477.4%
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 Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesterfield 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
$11,385,000
ML approach
$9,690,000
CAP Approach
CAP Return
Estimation
6%
$10,430,000
6.5%
$9,630,000
7%
$8,940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,565,000
Change: +477% · Conversion: Moderate
Blend value · Realmo final
$10.58M
Range $9.52M – $11.64M · ±10% · vs last sale $11.10M (Apr 5 2021)
Last sale anchor
$11.10M
Apr 5 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
$265 / 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
$80,956
Tax year 2024
Assessed value
$8,853,200
Assessed 2024
Previous assessed
$7,658,600
+15.6% YoY
Effective rate
0.91%
On assessed value
Assessed land
$2,009,500
Assessed improvement
$6,843,700
Land market value
$2,009,500
Improvement market value
$6,843,700
Total market value
$8,853,200
Applied tax rate
4.0000
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Total area
39,996 SF
Lot
4.93 ac (214,925 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
722-67-05-16-900-000
UPID
US87-2276033
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C3 - COMMUNITY BUS DIST · Chesterfield, VA
Zoning C3 - COMMUNITY BUS DIST · permitted uses
C3 - COMMUNITY BUS DIST · Chesterfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesterfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.6M
OFFICE BUILDING
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
2018
Heating
NONE
Stories
1
Lot
4.93 ac
Current owner
From public records · entity-resolved
Shoppers Village Versailles Road Ll
Individual
Free & Clear · 5 yrs held
Mailing address
840 E HIGH ST, LEXINGTON, KY 40502-2107
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2021
$11,100,000
Shoppers Village Versailles Road Ll
Edco LLC
Warranty Deed
—
Apr 5, 2021
—
Cvc Properties LLC
—
Deed
related
$825,000 · Central Bank & Trust Co
May 25, 2017
—
Edco LLC
—
Deed
related
$11,522,424 · First Cmnty Bk
Sep 12, 2013
—
Edco LLC
—
Deed Of Trust
related
$10,110,000 · First Cmnty Bk/richardson
May 30, 2013
$27,500,000
Mt Chesterfield Hancock Cole
Edco LLC
Grant Deed
—
—
—
Edco LLC
—
Loan Modification
related
$11,522,424 · First Cmnty Bk
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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