601 Southlake Blvd North Chesterfield, VA 23236
Property profile & analytics
601 Southlake Blvd North Chesterfield, VA 23236
- Industrial properties
- 13,751 SF
- 1.00 lot acres
Property ID
US87-3665108
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.
Location Intelligence
Current Use by Public Records
- Guidepost Montessori at North Chesterfield / High School / Daycare Center
Property Details for 601 Southlake Blvd
- Year built
- 1977
- Lot size
- 1.00 lot acres
- Property size
- 13,751 SF
- Zone code
- I1 - LT INDUSTRIAL DIST
- Property type
- Industrial properties
- APN
- 745-70-70-40-700-000
- APU
- 745707040700000
Description
This exceptional investment opportunity presents a brand-new, 17,694 square-foot Guidepost Montessori daycare center in Richmond, Virginia. Located on a 2.06-acre lot at 601 Southlake Blvd, Chesterfield County, zip code 23236, this freestanding retail property boasts a 20-year corporate net lease (NNN) with a strong 7.20% cap rate and a substantial net operating income (NOI) of $561,000. The lease includes annual rent bumps of 2%, ensuring consistent income growth. The tenant, Guidepost Montessori, is the world's largest Montessori school operator, providing financial stability and growth potential. This property benefits from its strategic location in a thriving, affluent Richmond neighborhood, surrounded by major employers and a significant US Military population exceeding 100,000. The tenant's approval as a Department of Defense Child Care Provider further solidifies the investment's strength and long-term viability. The property's excellent residential demographics, with approximately 141,000 residents and average household incomes of $114,782 within a 5-mile radius, contribute to its high demand and strong occupancy rates. The lease includes four, 5-year options, providing additional long-term security and flexibility. The asking price is $7,792,000, translating to a price per square foot of $440.38. This is a rare opportunity to acquire a high-performing, net-leased asset with exceptional growth potential in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,655,000
- ML approach
- $1,355,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,455,000
- 6.5%
- $1,340,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,215,000
- AI Estimate
- $1,637,000
Market price range: $820k - $2.22MMarket price range: $211k - $1.64M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,415,000 Current use
- AUTO REPAIR, GARAGE
- $2,505,000 Change: +77% Conversion: Easy
- MEDICAL BUILDING
- $2,290,000 Change: +62% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,260,000 Change: +59% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,210,000 Change: +56% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Chesterfield
- County
- Chesterfield
- State
- Virginia
- Longitude
- -77.5964
- Latitude
- 37.5006
- 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
$0.00
$175,000
$3,005,300
$3,180,300
-
$175,000
$3,005,300
$3,180,300
