Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2500 Southland Dr Chester, VA 23831-2363

    Property Lookup

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

    2500 Southland Dr Chester, VA 23831-2363

    View on Map
    • Office buildings
    • 3,600 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US87-3763772
    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
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2500 Southland Dr

    Year built
    1979
    Lot size
    0.37 lot acres
    Property size
    3,600 SF
    Zone code
    C5 - GEN BUSINESS DIST
    Property type
    Office buildings
    APN
    799-65-50-21-300-000
    APU
    799655021300000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $705,000
      6.5%
      $650,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $354,000
      Market price range: $262k - $984k

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.4124
    Latitude
    37.3564
    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
    $2,537
    $82,900
    $185,100
    $268,000
    -
    $82,900
    $185,100
    $268,000

    Comparable in this City

    • Value Estimation
      $875,000
      3,523 SF

      4800 100th Rd

      OFFICE BUILDING • 3,523 SF
      4800 100th Rd, Chester, VA 23831-1746
      View Details
    • Value Estimation
      $535,000
      2,080 SF

      12530 Iron Brg Rd

      OFFICE BUILDING • 2,080 SF
      12530 Iron Brg Rd, Chester, VA 23831-1599
      View Details
    • Value Estimation by Request
      906 SF

      4001 100th Rd

      OFFICE BUILDING • 906 SF
      4001 100th Rd, Chester, VA 23831-1934
      View Details
    • Value Estimation by Request
      2,376 SF

      4705 Buckingham Ct

      OFFICE BUILDING • 2,376 SF
      4705 Buckingham Ct, Chester, VA 23831-4261
      View Details
    • Value Estimation
      $920,000
      5,000 SF

      10400 Chester Rd

      OFFICE BUILDING • 5,000 SF
      10400 Chester Rd, Chester, VA 23831-1201
      View Details
    • Value Estimation
      $595,000
      3,944 SF

      2667 Osborne Rd

      OFFICE BUILDING • 3,944 SF
      2667 Osborne Rd, Chester, VA 23831-2139
      View Details

    Similar Nearby for Sale

    • $499,990
      Pending

      Charming Office Building in Chester

      2.5-level office building with historic charm in central Chester.
      3453 W Hundred Rd, Chester, VA 23831
      View Details
    • Contact for pricing

      Prime Commercial Parcel For Sale

      1.5 AC parcel with frontage on W Hundred Road.
      4725 W Hundred Rd, Chester, VA 23831
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      12141 Jefferson Davis Hwy, Chester, VA 23831
      View Details
    • $199,000
      7,426 SF

      Retail Center in Chester, Virginia

      Retail center in Chester, Virginia with excellent accessibility.
      2650 Weir Pl, Chester, VA 23831
      View Details
    • Contact for pricing

      Corner Site on Ironbridge Road

      Corner commercial land for sale at signalized intersection.
      12021 Iron Bridge Rd, Chester, VA 23831
      View Details
    • $650,000
      2,716 SF

      Subdividable Multifamily Property in Chester

      Multifamily property with subdividable lot near major routes.
      12020 Winfree St, Chester, VA 23831
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,090 SF

      Office Space in Chester, VA

      Office space available for rent in Chester, Virginia.
      11601 Iron Bridge Rd, Chester, VA 23831
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Chester, Virginia.
      12240 Iron Bridge Rd, Chester, VA 23831
      View Details
    • New
      $1,500 /Mo

      Office Space in Chester, VA

      Office space for rent featuring reception area and fresh updates.
      2655 Osborne Rd, 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.
      12240 Iron Bridge Rd, Chester, VA 23831
      View Details
    • $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
    • Contact for pricing
      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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2500 Southland Dr
    Chester, VA 23831-2363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!