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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Industrial properties
2400 Sta Rd, North Chesterfield, VA 23234-5167
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US87-0894034
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1977
Construction
STONE
Total area
20,000 SF
Lot
3.63 ac (158,123 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
791-68-62-95-600-000
UPID
US87-0894034
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
$2.77M
CAP Approach
CAP
$3.84M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.86M
Owner & transaction history
2400 Station Road LLC · 2 yrs held
2400 Station Road LLC
since 2023
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+15.4%
Medical building
$3.3M
+5.5%
Neighborhood: shopping center
$3.3M
+4.1%
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
$2,720,000
ML approach
$2,765,000
CAP Approach
CAP Return
Estimation
6%
$4,165,000
6.5%
$3,840,000
7%
$3,570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,160,000
Current use
AUTO REPAIR, GARAGE
$3,645,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$3,330,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,285,000
Change: +4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,215,000
Change: +2% · Conversion: Moderate
OFFICE BUILDING
$2,960,000
Change: -6% · Conversion: Easy
RETAIL STORES
$2,880,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $2.98M (Sep 20 2023)
Last sale anchor
$2.98M
Sep 20 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
$143 / 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
$10,214
Tax year 2024
Assessed value
$1,001,500
Assessed 2024
Previous assessed
$834,200
+20.1% YoY
Effective rate
1.02%
On assessed value
Assessed land
$190,600
Assessed improvement
$810,900
Land market value
$190,600
Improvement market value
$810,900
Total market value
$1,001,500
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1977
Construction
STONE
Heating
NONE
Buildings
3
Stories
1
Total area
20,000 SF
Lot
3.63 ac (158,123 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
791-68-62-95-600-000
UPID
US87-0894034
Jurisdiction
CHESTERFIELD
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · North Chesterfield, VA
Zoning I2 - GEN INDUSTRIAL DIST · permitted uses
I2 - GEN INDUSTRIAL DIST · North Chesterfield, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Chesterfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
Construction
STONE
Heating
NONE
Stories
1
Buildings
3
Lot
3.63 ac
Current owner
From public records · entity-resolved
2400 Station Road LLC
Entity
Mailing address
95 RIV ST, HOBOKEN, NJ 07030-5625
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
Sep 20, 2023
$2,975,000
2400 Station Road LLC
Golden Pond Va LLC
Special Warranty Deed
—
Nov 2, 2020
—
2400 Station LLC
—
Deed
related
$1,572,500 · Village Bk
Dec 1, 2016
$691,800
84 Properties LLC
Spirit Spe Portfolio 2007-2 Ll
Grant Deed
—
Jul 11, 2012
$1,044,076
Spirit Spe Portfolio 2007-2 Ll
Hardy Management Co INC
Warranty Deed
—
May 1, 2008
—
Hardy Mgmnt Co INC
—
Trustees Deed
related
$446,550 · Ableco Finance LLC
—
—
2400 Station LLC
—
Deed Of Trust
related
$1,572,500 · Village 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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