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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2000 Ware Btm Spg Rd Chester, VA 23836-4200

    • Office buildings
    • 5,143 SF
    • 2.23 lot acres
    OFF-MARKET
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1029994
    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

    • Paradise II LLC / Hotel

    Property Details for 2000 Ware Btm Spg Rd

    Year built
    2001
    Lot size
    2.23 lot acres
    Property size
    5,143 SF
    Zone code
    C3 - COMMUNITY BUS DIST
    Property type
    Office buildings
    APN
    802-65-37-16-800-000
    APU
    802653716800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,005,000
      6.5%
      $925,000
      7%
      $860,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,161,000
      Market price range: $645k - $1.50M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,635,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.3998
    Latitude
    37.3523
    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
    $7,756
    $255,700
    $582,700
    $838,400
    -
    $255,700
    $582,700
    $838,400

    Comparable in this City

    • Value Estimation
      $4,255,000
      17,648 SF

      1301 100th Rd

      OFFICE BUILDING • 17,648 SF
      1301 100th Rd, Chester, VA 23836-2528
      View Details
    • Value Estimation
      $22,140,000
      142,970 SF

      13203 Enon Church Rd

      OFFICE BUILDING • 142,970 SF
      13203 Enon Church Rd, Chester, VA 23836-3122
      View Details
    • Value Estimation by Request
      2,100 SF

      2141 100th Rd

      OFFICE BUILDING • 2,100 SF
      2141 100th Rd, Chester, VA 23836-3516
      View Details
    • Value Estimation
      $540,000
      2,993 SF

      14000 Enon Church Rd

      OFFICE BUILDING • 2,993 SF
      14000 Enon Church Rd, Chester, VA 23836-3312
      View Details
    • Value Estimation
      $1,275,000
      6,309 SF

      13000 Rivers Bnd Blvd

      OFFICE BUILDING • 6,309 SF
      13000 Rivers Bnd Blvd, Chester, VA 23836-8632
      View Details
    • Value Estimation by Request
      800 SF

      11400 Old Stage Rd

      OFFICE BUILDING • 800 SF
      11400 Old Stage Rd, Chester, VA 23836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      143,000 SF

      Corporate Office Campus Near Park

      143,000± SF office building on 9.73 acres for sale.
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      7,480 SF

      Chesterfield County Office/Warehouse Space

      7,480 SF office/warehouse located in Chesterfield County.
      11924 Old Stage Rd, Chester, VA 23836
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      5,800 SF

      Medical Office Condos For Sale

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      Medical Office Condos For Sale

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      Medical Office Condos For Sale

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      1,596 SF

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      Retail building on a major connector near high school.
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    Similar Nearby for Lease

    • Contact for pricing
      8,894 SF

      Office Space in Chesterfield, Virginia

      Office space available for lease in Chesterfield, Virginia.
      1301 W Hundred Rd, Chester, VA 23836
      View Details
    • $14 SF/Yr
      3,500 SF

      Office Space Available For Rent

      Office space with climate control, suitable for office use.
      12910 Old Stage Rd, Chester, VA 23836
      View Details
    • $5,000 /Mo

      Fenced and Graveled Land

      Fenced and graveled land available for lease near I-95.
      13431 Redwater Dr, Chester, VA 23836
      View Details
    • Contact for pricing
      123,980 SF

      Industrial Warehouse Space Available

      123,980 SF warehouse with modern amenities for lease.
      701 Liberty Way, Chester, VA 23836
      View Details
    • $11 SF/Yr
      6,700 SF

      Chester Flex Space Available

      6,700± SF flex/office space for lease in Chester, VA.
      701-725 W Hundred Rd, Chester, VA 23836
      View Details
    • Contact for pricing
      187,980 SF

      Industrial Space in Chester, Virginia

      Industrial space available for lease in Meadowville Industrial Center.
      1701 Bermuda Hundred Rd, Chester, VA 23836
      View Details
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    2000 Ware Btm Spg Rd
    Chester, VA 23836-4200
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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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