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    201 Arboretum Pl North Chesterfield, VA 23236-3485
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    Property profile & analytics

    201 Arboretum Pl, North Chesterfield, VA 23236-3485

    View on Map
    • Hotels
    • 72,348 SF
    • 3.15 lot acres
    Off-Market
    Property ID
    US87-1327068
    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
    $1,530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hyatt Place Richmond/Arboretum / Hotel & Motel
    • Bar Solita / Restaurant
    • Tobacco & Company restaurant / Restaurant
    • Williams Auto Service / Auto Repair Shop

    Property Details for 201 Arboretum Pl

    Year built
    1996
    Lot size
    3.15 lot acres
    Zone code
    O2 - CORP OFFICE DIST
    Property type
    Hotels
    APN
    754-70-53-61-000-000
    APU
    754705361000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 9, 2017 — Lsref Of Ah Chicago LLC — Deed · related $6.2M · Jp Morgan Chase Bk
    Nov 21, 2014 $7,355,394 Lsref3/ah Chicago LLC Bre Of Amerisuites Properties LLC Grant Deed · related $340M · Jp Morgan Chase Bk
    Nov 1, 2004 — Bre Of Amerisuites Properties LLC Prime Hospitality LLC Deed Of Trust · related $543M · Bank Of America
    — — Lsref Of Ah Chicago LLC — Deed Of Trust · related $6.2M · Jp Morgan Chase Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,475,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5643
    Latitude
    37.495
    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
    $94,311
    $960,000
    $10,659,900
    $11,619,900
    -
    $960,000
    $10,659,900
    $11,619,900

    Comparable in this City

    • Value Estimation
      $835,000
      30,622 SF

      241 Arboretum Pl

      HOTEL
      241 Arboretum Pl, North Chesterfield, VA 23236-3485
      View Details
    • Value Estimation by Request
      7,224 SF

      9801 Hull St Rd

      MOTEL
      9801 Hull St Rd, North Chesterfield, VA 23236-1414
      View Details
    • Value Estimation by Request
      5,321 SF

      10020 Hull St Rd

      MOTEL
      10020 Hull St Rd, North Chesterfield, VA 23236-1409
      View Details
    • Value Estimation by Request
      0.24 Acres

      9449 Amberdale Dr

      COMMERCIAL (GENERAL)
      9449 Amberdale Dr, North Chesterfield, VA 23236-1249
      View Details
    • Value Estimation by Request
      0.01 Acres

      211 Arboretum Pl

      COMMERCIAL (GENERAL)
      211 Arboretum Pl, North Chesterfield, VA 23236-3485
      View Details
    • Value Estimation by Request
      2,815 SF

      614 Johnston Willis Dr

      VETERINARY, ANIMAL HOSPITAL
      614 Johnston Willis Dr, North Chesterfield, VA 23236-3949
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Lot Opportunity

      Ideal for quick-service restaurant with double drive-thru.
      10000 Hull Street Rd, Richmond, VA 23236
      View Details
    • Contact for pricing

      Hull Street Road Land Parcel

      11-acre land parcel with frontage on Hull Street.
      8701 Hull Street Rd, North Chesterfield, VA 23236
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    • Contact for pricing

      Corner Commercial Land For Sale

      1.16+ acre commercial site at high-traffic intersection.
      15 N Courthouse Rd, Richmond, VA 23236
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      Land Available on Hull Street

      2 to 8 acres available at signalized intersection.
      3701 Gregory Pond Rd, North Chesterfield, VA 23236
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    • Contact for pricing
      17,700 SF

      Automotive Property with Outside Storage

      17,700 SF property on 2.49 acres, C-5 zoning.
      11013 Research Ct N, Chesterfield, VA 23236
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    • $79,000
      1.07 Acres

      Residential Lot in Chesterfield

      Residential lot perfect for building a single-family home.
      2210 S Providence Rd, Richmond, VA 23236
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Richmond, Virginia.
      10501 Trade Ct, Richmond, VA 23236
      View Details
    • Contact for pricing

      Retail Space Near Chesterfield Center

      1,680 SF retail space near major retail corridor.
      11505 Busy St, Richmond, VA 23236
      View Details
    • Contact for pricing

      Retail Spaces Available for Lease

      Retail spaces for lease in a rapidly growing submarket.
      9901 Hull Street Rd, North Chesterfield, VA 23236
      View Details
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    North Chesterfield, VA 23236-3485
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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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