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    1610 Ashton Park Dr South Chesterfield, VA 23834-5907
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    Property profile & analytics

    1610 Ashton Park Dr South Chesterfield, VA 23834-5907

    View on Map
    • Warehouses
    • 10,020 SF
    • 22.10 lot acres
    Off-Market
    Last Sale Aug 21, 2020
    $750,000
    Property ID
    US87-1235573
    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.
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • C W Wright Construction Co LLC / Corporate Office / Business Park
    • C W Wright Construction Co / Construction Company / General Contractor

    Property Details for 1610 Ashton Park Dr

    Year built
    2021
    Lot size
    22.10 lot acres
    Property size
    10,020 SF
    Zone code
    I2 - GEN INDUSTRIAL DIST
    Property type
    Warehouses
    APN
    810-63-96-19-700-000
    APU
    810639619700000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $826,000
      Market price range: $50.3k - $826k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $470,000
      Current use
      MEDICAL BUILDING
      $1,070,000
      Change: +128% Conversion: Difficult
      RESTAURANT
      $1,055,000
      Change: +124% Conversion: Difficult
      OFFICE BUILDING
      $880,000
      Change: +87% Conversion: Difficult
      RETAIL STORES
      $805,000
      Change: +71% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $725,000
      Change: +54% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.3731
    Latitude
    37.3144
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $73,152
    $827,700
    $7,257,200
    $8,084,900
    -
    $827,700
    $7,257,200
    $8,084,900

    Comparable in this City

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      108,023 SF

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      MINI-WAREHOUSE, STORAGE • 108,023 SF
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    • Value Estimation
      $9,050,000
      170,700 SF

      1980 Ruffin Ml Rd

      WAREHOUSE, STORAGE • 170,700 SF
      1980 Ruffin Ml Rd, South Chesterfield, VA 23834-5913
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    • Value Estimation by Request
      1,800 SF

      103 Fairfax Ave

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      103 Fairfax Ave, Colonial Heights, VA 23834-3015
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    • Value Estimation by Request
      2,480 SF

      117 Roanoke Ave

      MINI-WAREHOUSE, STORAGE • 2,480 SF
      117 Roanoke Ave, Colonial Heights, VA 23834-3244
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    • Value Estimation
      $2,640,000
      38,160 SF

      860 Roslyn Rd

      MINI-WAREHOUSE, STORAGE • 38,160 SF
      860 Roslyn Rd, Colonial Heights, VA 23834-3547
      View Details
    • Value Estimation
      $1,685,000
      53,265 SF

      400 Ellerslie Ave

      MINI-WAREHOUSE, STORAGE • 53,265 SF
      400 Ellerslie Ave, Colonial Heights, VA 23834-1467
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      15904-15920 Happy Hill Rd, Colonial Heights, VA 23834
      View Details
    • Contact for pricing

      Outparcels Available For Sale/Lease

      Outparcels available for sale or lease near I-95.
      15700 Jefferson Davis Hwy, Chester, VA 23834
      View Details
    • Contact for pricing

      Commercial Land in Chesterfield County

      Land suitable for car wash, storage, or warehouse development.
      2311 Indian Hill Rd, Colonial Heights, VA 23834
      View Details
    • $49,900
      Pending

      Colonial Heights Building Lot

      Buildable lot in established Colonial Heights area, variance required.
      127 Hanover Ave, Colonial Heights, VA 23834
      View Details
    • $299,000

      Established Pet Spa Investment Opportunity

      Profitable pet spa with lease extension potential.
      2312 Boulevard, Colonial Heights, VA 23834
      View Details
    • $60,000
      0.27 Acres

      Colonial Heights Buildable Lot

      Buildable lot in Gills Point neighborhood with utilities available.
      Whitehall Dr, Colonial Heights, VA 23834
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Industrial Buildings and Yard Available

      Industrial buildings and yard for lease in South Chesterfield.
      2103 Pine Forest Dr, South Chesterfield, VA 23834
      View Details
    • Contact for pricing
      77,000 SF

      Secure Industrial Facility with Fenced Yard

      77,000 SF industrial facility with secure, fenced yard.
      1703 Ruffin Mill Rd, South Chesterfield, VA 23834
      View Details
    • Contact for pricing
      505,068 SF

      Industrial Space in South Chesterfield

      Industrial space available for lease in South Chesterfield, Virginia.
      16301 Walthall Industrial Pkwy, South Chesterfield, VA 23834
      View Details
    • Contact for pricing

      Industrial Building with Oversize Bays

      Industrial building for lease featuring oversize bays and laydown yard.
      2121 Pine Forest Dr, Colonial Heights, VA 23834
      View Details
    • Contact for pricing
      4,000 SF

      Flex Space in Colonial Heights

      Well-maintained flex space with ample parking and loading options.
      16037-16047 Continental Blvd, Colonial Heights, VA 23834
      View Details
    • Contact for pricing

      Retail Space in Dunlop Village

      Retail space for lease in Colonial Heights, Virginia.
      1 Dunlop Vlg Cir, Colonial Heights, VA 23834
      View Details
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    South Chesterfield, VA 23834-5907
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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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    1610 Ashton Park Dr, South Chesterfield, VA, 23834
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