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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
316 Arch Rd North Chesterfield, VA 23236-3500
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US87-3908266
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
4,966 SF
Lot
0.51 ac (22,433 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
752-70-55-99-300-000
UPID
US87-3908266
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
Current use
Occupant on record · Public records
-
Petra Halal Food Grocery & Convenience Store Food Market
-
Basically Halal Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$520k
Owner & transaction history
Petra Food LLC · 8 yrs held
Petra Food LLC
since 2018
4 recorded transactions
Zoning & alternative use
C2 - NBHD BUSINESS DIST · North Chesterfield, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$825,000
+15.6%
Neighborhood: shopping center
$815,000
+14.0%
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
$715,000
Current use
MEDICAL BUILDING
$825,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +14% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$105 / 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
$5,805
Tax year 2024
Assessed value
$631,100
Assessed 2024
Previous assessed
$444,700
+41.9% YoY
Effective rate
0.92%
On assessed value
Assessed land
$185,100
Assessed improvement
$446,000
Land market value
$185,100
Improvement market value
$446,000
Total market value
$631,100
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Heating
NONE
Stories
1
Total area
4,966 SF
Lot
0.51 ac (22,433 SF)
Zoning code
C2 - NBHD BUSINESS DIST
APN
752-70-55-99-300-000
UPID
US87-3908266
Jurisdiction
CHESTERFIELD
Zoning & alternative use
C2 - NBHD BUSINESS DIST · North Chesterfield, VA
Zoning C2 - NBHD BUSINESS DIST · permitted uses
C2 - NBHD BUSINESS 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 Current
Est. value
$715,000
MEDICAL BUILDING
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Petra Food LLC
Entity
Mailing address
12011 ROBIOUS RD, MIDLOTHIAN, VA 23113-2136
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
May 1, 2018
$450,000
Petra Food LLC
Rva Hldgs LLC
Warranty Deed
$382,500 · Branch Bk&tr
Nov 21, 2014
$425,000
Rva Holdings LLC
A Realty Co LLC
Grant Deed
related
$340,000 · Union First Market Bk
Jun 29, 2005
$400,000
A Realty Company LLC
Child Care Realty Of Richmond
Grant Deed
$320,000 · Suntrust Bank NA
—
—
A Realty Company LLC
—
Deed Of Trust
related
$160,000 · Peoples Bank Va
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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