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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Industrial properties
2941 Spc Rd, North Chesterfield, VA 23234-3819
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-3950411
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1964
Total area
12,929 SF
Lot
0.79 ac (34,630 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
785-69-29-70-600-000
UPID
US87-3950411
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.14M
Owner & transaction history
Mb Investments LLC · 8 yrs held
Mb Investments LLC
since 2018
4 recorded transactions
Zoning & alternative use
I2 - GEN INDUSTRIAL DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,865,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10%
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
$88 / 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
$4,343
Tax year 2024
Assessed value
$457,600
Assessed 2024
Previous assessed
$371,400
+23.2% YoY
Effective rate
0.95%
On assessed value
Assessed land
$39,800
Assessed improvement
$417,800
Land market value
$39,800
Improvement market value
$417,800
Total market value
$457,600
Applied tax rate
3.0000
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
1964
Heating
SPACE
Stories
1
Total area
12,929 SF
Lot
0.79 ac (34,630 SF)
Zoning code
I2 - GEN INDUSTRIAL DIST
APN
785-69-29-70-600-000
UPID
US87-3950411
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
RETAIL STORES
Est. value
$1.9M
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
1964
Heating
SPACE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Mb Investments LLC
Entity
Mailing address
851 DISPATCH RD, QUINTON, VA 23141-1917
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2018
—
Mb Invs LLC
—
Deed
related
$400,000 · Union Bk&tr
Apr 4, 2018
$420,000
Mb Investments LLC
Wayne R Kidd
Warranty Deed
$400,000 · Private Individual
Sep 3, 2004
$315,000
Wayne R Kidd
Rsh LLC
Grant Deed
—
—
—
Mb Invs LLC
—
Deed Of Trust
related
$400,000 · Union Bk&tr
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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