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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Warehouses
16411 Rte 1st 1 South Chesterfield, VA 23834-5378
Entity Owned
2-yr Hold
Free & Clear
Property ID
US87-0646554
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
16,000 SF
Lot
3.25 ac (141,570 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
800-63-33-15-300-000
UPID
US87-0646554
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
$1.41M
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Lindbrook-oi Route 1 LLC · 2 yrs held
Lindbrook-oi Route 1 LLC
since 2023
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · South Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+127.5%
Restaurant
$1.7M
+123.6%
Office building
$1.4M
+87.3%
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 South Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
$1,460,000
ML approach
$1,410,000
CAP Approach
CAP Return
Estimation
6%
$1,935,000
6.5%
$1,785,000
7%
$1,660,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,710,000
Change: +128% · Conversion: Difficult
RESTAURANT
$1,680,000
Change: +124% · Conversion: Difficult
OFFICE BUILDING
$1,405,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$1,290,000
Change: +71% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,155,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.60M (Nov 13 2023)
Last sale anchor
$1.60M
Nov 13 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
$98 / 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
$5,888
Tax year 2024
Assessed value
$626,400
Assessed 2024
Previous assessed
$639,100
-2.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$130,000
Assessed improvement
$496,400
Land market value
$130,000
Improvement market value
$496,400
Total market value
$626,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Total area
16,000 SF
Lot
3.25 ac (141,570 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
800-63-33-15-300-000
UPID
US87-0646554
Jurisdiction
CHESTERFIELD
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · South Chesterfield, VA
Zoning I2 - GEN INDUSTRIAL DIST · permitted uses
I2 - GEN INDUSTRIAL DIST · South Chesterfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Chesterfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1977
Heating
NONE
Stories
1
Lot
3.25 ac
Current owner
From public records · entity-resolved
Lindbrook-oi Route 1 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7768 WOODMONT AVE #240, BETHESDA, MD 20814-6034
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$1,600,000
Lindbrook-oi Route 1 LLC
Thibault Enterprises LLC
Special Warranty Deed
—
Jun 1, 2015
$460,000
Thibault Ent S LLC
Cuje Harvey M & Jane M Trust
Grant Deed
—
Feb 1, 2011
—
Harvey M & Jane M Cuje Trust
—
Trustees Deed
related
$150,000 · Michael A Hamway
Jul 18, 2006
—
Cuje H M & Cuje J M Trustees
Cuje,harvey M & Jane M
Quit Claim Deed
related
—
—
—
Thibault Ent S LLC
—
Deed Of Trust
related
$682,500 · Village Bk
—
—
Thibault Ent S LLC
—
Deed Of Trust
related
$1,000,000 · Chesapeake 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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