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

    2410 Southland Dr Chester, VA 23831-2365

    • Industrial properties
    • 9,620 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Feb 27, 2023
    $1,300,000
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    9.8%
    Industrial properties
    Location Intelligence
    Property ID
    US87-0128489
    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

    • JES Foundation Repair / Water Damage Restoration Service / Concrete Contractor

    Property Details for 2410 Southland Dr

    Year built
    2006
    Lot size
    1.10 lot acres
    Property size
    9,620 SF
    Zone code
    C5 - GEN BUSINESS DIST
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    799-65-55-72-100-000
    APU
    799655572100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,190,000
      ML approach
      $1,290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $821,000
      Market price range: $272k - $2.16M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4104
    Latitude
    37.3566
    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
    $13,281
    $238,900
    $1,207,600
    $1,446,500
    -
    $238,900
    $1,207,600
    $1,446,500

    Comparable in this City

    • Value Estimation
      $17,155,000
      177,100 SF

      13721 Rte 1st 1

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 177,100 SF
      13721 Rte 1st 1, Chester, VA 23831-5329
      View Details
    • Value Estimation
      $1,525,000
      12,654 SF

      13701 Rte 1st 1

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12,654 SF
      13701 Rte 1st 1, Chester, VA 23831-5329
      View Details
    • Value Estimation
      $695,000
      4,648 SF

      13200 Rte 1st 1

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,648 SF
      13200 Rte 1st 1, Chester, VA 23831-5318
      View Details
    • Value Estimation
      $4,475,000
      11,640 SF

      11500 Iron Brg Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 11,640 SF
      11500 Iron Brg Rd, Chester, VA 23831-1449
      View Details
    • Value Estimation
      $2,385,000
      24,480 SF

      11610 Rte 1st 1

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 24,480 SF
      11610 Rte 1st 1, Chester, VA 23831-2121
      View Details
    • Value Estimation
      $545,000
      3,000 SF

      6670 Landfill Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,000 SF
      6670 Landfill Dr, Chester, VA 23831-1436
      View Details

    Similar Nearby for Sale

    • $350,000
      0.51 Acres

      Jefferson Davis Hwy Retail Pad

      High-traffic Chester, VA retail site.
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      Corner commercial land for sale at signalized intersection.
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    • $199,000
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      Retail Center in Chester, Virginia

      Retail center in Chester, Virginia with excellent accessibility.
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    • New
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      Pending

      Commercial Building Opportunity in Chester

      Commercial land for sale in Chester, Virginia.
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    • $495,000
      26,861 SF

      Chester Village Outparcel Retail Space

      Prime Retail Outparcel in Chester, VA
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      Prime Commercial Land Opportunity

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    Similar Nearby for Lease

    • $1,875 /Mo
      1,500 SF

      Chesterfield County Office/Warehouse Space

      1,500 SF office/warehouse space available for rent in Chesterfield County.
      4110 W Hundred Rd, Chester, VA 23831
      View Details
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      Prime Chester Retail Pad

      High-visibility land, ideal for development.
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      1,251 SF

      Office Space in Chester, VA

      Office space available for rent in Chester, Virginia.
      11601 Iron Bridge Rd, Chester, VA 23831
      View Details
    • $20 SF/Yr
      6,318 SF

      Second Floor Office Space Available

      6,318 SF office space with elevator access.
      3700 Festival Park Plz, Chester, VA 23831
      View Details
    • Contact for pricing
      7,400 SF

      Office/Medical Space on Iron Bridge

      Office and medical spaces available for lease on Iron Bridge.
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      View Details
    • Contact for pricing
      1,350 SF

      Retail Space Near Walmart Anchor

      2,700 SF retail space with high traffic and strong demographics.
      11964-11996 Iron Bridge Rd, Chester, VA 23831
      View Details
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    2410 Southland Dr
    Chester, VA 23831-2365
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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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