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Property profile & analytics
OFF-MARKET
Estimated value
$8,795,000
Industrial properties
200 Wadsworth Dr North Chesterfield, VA 23236-4526
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US87-0687036
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1993
Total area
28,500 SF
Lot
10.01 ac (435,818 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
756-70-40-06-800-000
UPID
US87-0687036
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
Current use
Occupant on record · Public records
-
Hcascs Distribution Center Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.67M
CAP Approach
CAP
$5.48M
Comparable Approach
Comparable
$7.24M
Blend (final)
Blend
$8.80M
Owner & transaction history
200 Wadsworth Owner LLC · 4 yrs held
200 Wadsworth Owner LLC
since 2022
Last sale
$9.0M
2 recorded transactions
Zoning & alternative use
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.4M
+35.3%
Restaurant
$8.0M
+15.5%
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 North Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$8,500,000
ML approach
$8,670,000
CAP Approach
CAP Return
Estimation
6%
$5,930,000
6.5%
$5,475,000
7%
$5,085,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,945,000
Current use
OFFICE BUILDING
$9,400,000
Change: +35% · Conversion: Easy
RESTAURANT
$8,020,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$8.80M
Range $7.92M – $9.67M · ±10% · vs last sale $9.00M (Mar 3 2022)
Last sale anchor
$9.00M
Mar 3 2022
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
$309 / 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
$55,458
Tax year 2024
Assessed value
$5,955,900
Assessed 2024
Previous assessed
$5,172,100
+15.2% YoY
Effective rate
0.93%
On assessed value
Assessed land
$2,157,300
Assessed improvement
$3,798,600
Land market value
$2,157,300
Improvement market value
$3,798,600
Total market value
$5,955,900
Applied tax rate
2.0000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1993
Heating
NONE
Stories
1
Total area
28,500 SF
Lot
10.01 ac (435,818 SF)
Zoning code
C3 - COMMUNITY BUS DIST
APN
756-70-40-06-800-000
UPID
US87-0687036
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C3 - COMMUNITY BUS DIST · North Chesterfield, VAZoning C3 - COMMUNITY BUS DIST · permitted uses
C3 - COMMUNITY BUS DIST · North Chesterfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.9M
OFFICE BUILDING
Est. value
$9.4M
RESTAURANT
Est. value
$8.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
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
1993
Heating
NONE
Stories
1
Lot
10.01 ac
Current owner
From public records · entity-resolved
200 Wadsworth Owner LLC
Entity
Mailing address
438 CENTRAL AVE FL #2, CEDARHURST, NY 11516-1907
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
$9,000,000
200 Wadsworth Owner LLC
Gershman Properties LLC
Warranty Deed
$11,750,000 · Ameritas Life Insurance Corp
—
—
Gershman Properties LLC
—
Deed Of Trust
related
$2,700,000 · City Nat'l 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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