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    Property profile & analytics

    7302 Midlothian Tpke North Chesterfield, VA 23225-5503

    • Drive through restaurants
    • 2,230 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $2,070,000
    Last Sale
    Dec 20, 2024
    $2,070,000
    Location Intelligence
    Property ID
    US87-2251670
    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

    • Popeyes Louisiana Kitchen / Chicken Restaurant / Cajun Restaurant

    Property Details for 7302 Midlothian Tpke

    Year built
    2007
    Lot size
    1.15 lot acres
    Property size
    2,230 SF
    Zone code
    C3 - COMMUNITY BUS DIST
    Property type
    Drive through restaurants
    APN
    764-70-72-74-400-000
    APU
    764707274400000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,070,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,225,000
      6.5%
      $2,200,000
      7%
      $2,065,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,360,000
      Geo Method
      $2,080,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,685,000
      Retail
      $1,625,000
      Mixed-Use
      $2,205,000
      Hospitality
      $1,920,000
      Educational
      $2,185,000
      Residential Income
      $1,645,000
      Energy
      $1,895,000
      Income-Based Land
      $2,015,000
      Food Service
      $1,875,000

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5301
    Latitude
    37.5011
    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
    $15,666
    $661,200
    $988,400
    $1,649,600
    -
    $661,200
    $988,400
    $1,649,600

    Comparable in this City

    • Value Estimation by Request
      3,895 SF

      6808 Midlothian Tpke

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,895 SF
      6808 Midlothian Tpke, Richmond, VA 23225-5615
      View Details
    • Value Estimation by Request
      3,847 SF

      7100 Tim Price Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,847 SF
      7100 Tim Price Way, North Chesterfield, VA 23225-6950
      View Details
    • Value Estimation
      $405,000
      1,345 SF

      5817 Midlothian Tpke

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,345 SF
      5817 Midlothian Tpke, Richmond, VA 23225-6117
      View Details
    • Value Estimation by Request
      3,670 SF

      7413 Midlothian Tpke

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,670 SF
      7413 Midlothian Tpke, North Chesterfield, VA 23225-6411
      View Details
    • Value Estimation by Request
      2,816 SF

      7339 Frst Hl Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,816 SF
      7339 Frst Hl Ave, Richmond, VA 23225-1525
      View Details
    • Value Estimation by Request
      4,606 SF

      7125 Frst Hl Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,606 SF
      7125 Frst Hl Ave, Richmond, VA 23225-1501
      View Details

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    North Chesterfield, VA 23225-5503
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    Realmo Value Estimation

    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.

    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.

    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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