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    Property profile & analytics

    15516 Hull Street Rd Chesterfield, VA 23832

    • Commercial real estate
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0364006
    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

    • Commercial real estate

    Property Details for 15516 Hull Street Rd

    Lot size
    1.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.5-acre commercial land parcel presents a remarkable investment opportunity in Chesterfield County, Virginia. Strategically located at the signalized intersection of Hull Street Road and Fox Club Parkway, this property boasts over 1,800 feet of direct frontage on Hull Street Road, ensuring unparalleled visibility and accessibility. Its prime location directly across from Hampton Park, a 749-unit residential community, and in close proximity to the 775-unit Cosby Village (with a Publix now open) and the 4,055-unit Magnolia Green community, guarantees a substantial and growing customer base. The property is adjacent to a proposed retail shopping center, further enhancing its potential. Significant road improvements and extensions in the area are underway, further boosting accessibility and visibility. This land is situated in Western Chesterfield's fastest-growing, affluent neighborhoods, making it an ideal location for a variety of commercial ventures. The asking price for this exceptional property is $750,000. Don't miss this chance to acquire a highly visible and strategically located commercial lot in a thriving area. The property's address is 15516 Hull Street Rd, Chesterfield, VA 23832.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.7011542
    Latitude
    37.4012523

    Comparable in this City

    • Contact for pricing

      Land For Sale

      Land for sale with office/retail potential.
      14909 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Hull Street Road Land Parcel

      9.36 AC land parcel with frontage on Hull Street.
      16901 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • $165,000
      Pending

      Chesterfield County Land For Sale

      4.2 acres with road and creek frontage in Chesterfield.
      6940 Belmont Rd, Chesterfield, VA 23832
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    • Contact for pricing

      Hull Street Road Land For Sale

      Land with frontage on Hull Street Road near shopping centers.
      16901 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • New
      $99,950
      0.92 Acres

      Residential Lot in Tavern Hill

      Vacant 0.91-acre lot in established Chesterfield neighborhood.
      12225 Tavern Hill Ct, Chesterfield, VA 23832
      View Details
    • $350,000
      1.03 Acres

      Commercial Lot in Chesterfield, VA

      1.03-acre commercial lot zoned C-5, suitable for various uses.
      14770 Hull Street Rd, Chesterfield, VA 23832
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land for sale with office/retail potential.
      14909 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Hull Street Road Land Parcel

      9.36 AC land parcel with frontage on Hull Street.
      16901 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • $165,000
      Pending

      Chesterfield County Land For Sale

      4.2 acres with road and creek frontage in Chesterfield.
      6940 Belmont Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Hull Street Road Land For Sale

      Land with frontage on Hull Street Road near shopping centers.
      16901 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • New
      $99,950
      0.92 Acres

      Residential Lot in Tavern Hill

      Vacant 0.91-acre lot in established Chesterfield neighborhood.
      12225 Tavern Hill Ct, Chesterfield, VA 23832
      View Details
    • $350,000
      1.03 Acres

      Commercial Lot in Chesterfield, VA

      1.03-acre commercial lot zoned C-5, suitable for various uses.
      14770 Hull Street Rd, Chesterfield, VA 23832
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in Growing Area

      Land for rent in a rapidly developing mixed-use area.
      15910 Hull Street Rd, Chesterfield, VA 23832
      View Details
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      Prime Commercial Pad Site

      1.06-acre pad site with high visibility and access.
      10200 Iron Bridge Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Planned Mixed-Use Development Land

      208-acre mixed-use development opportunity at Hull Street & Otterdale.
      Hull St Rd & Otterdale Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Land in Growing Residential Area

      Land for lease in a rapidly growing Richmond residential area.
      15901 Cosby Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Office Suite on Krause Road

      Office suite with reception, four offices, and ample parking.
      10106 Krause Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Hull Street

      Retail space available for lease on Hull Street Road.
      13518 Hull Street Rd, Chesterfield, VA 23832
      View Details
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    15516 Hull Street Rd
    Chesterfield, VA 23832
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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