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    800 Moorefield Park Dr North Chesterfield, VA 23236-3686

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    800 Moorefield Park Dr North Chesterfield, VA 23236-3686

    View on Map
    • Office buildings
    • 14,649 SF
    • 3.14 lot acres
    Off-Market
    Property ID
    US87-0992705
    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
    $3,970,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ECPI University / University
    • Medical Careers Institute / University / College
    • Medspa / Employment Agency

    Property Details for 800 Moorefield Park Dr

    Year built
    1986
    Lot size
    3.14 lot acres
    Property size
    14,649 SF
    Zone code
    O2 - CORP OFFICE DIST
    Property type
    Office buildings
    APN
    749-70-72-52-800-000
    APU
    749707252800000

    Description

    This exceptional Class A office building, located at 800 Moorefield Park Drive in Richmond, Virginia, presents a rare full-building ownership opportunity. Boasting 60,500 square feet of total space and 43,155 square feet of net rentable area, this property is priced at $4,000,000, or $66.12 per square foot. Situated on a desirable 3.12-acre waterfront site in Chesterfield County (zip code 23236), the building offers convenient access to Midlothian Turnpike and is just one mile west of Powhite Parkway. The property features an access-controlled building with ample free surface parking, supplemented by additional parking immediately adjacent. This multi-tenant building is ideal for an owner-user seeking a prominent location in an amenity-rich area. The building's traditional office layout provides flexibility for various business needs. This is a unique chance to acquire a substantial, well-located office building in a thriving market. Don't miss this opportunity to own a prime piece of Richmond commercial real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,500,000
      6.5%
      $3,230,000
      7%
      $3,000,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,079,000
      Market price range: $1.25M - $4.08M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,830,000
      Current use
      RESTAURANT
      $4,120,000
      Change: -15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5818
    Latitude
    37.501
    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
    $33,824
    $890,500
    $2,784,400
    $3,674,900
    -
    $890,500
    $2,784,400
    $3,674,900

    Comparable in this City

    • Value Estimation
      $2,310,000
      11,880 SF

      610 Johnston Willis Dr

      OFFICE BUILDING • 11,880 SF
      610 Johnston Willis Dr, North Chesterfield, VA 23236-3949
      View Details
    • Value Estimation
      $1,770,000
      8,341 SF

      11600 Busy St

      OFFICE BUILDING • 8,341 SF
      11600 Busy St, North Chesterfield, VA 23236-4066
      View Details
    • Value Estimation
      $10,435,000
      16,801 SF

      808 Moorefield Park Dr

      OFFICE BUILDING • 16,801 SF
      808 Moorefield Park Dr, North Chesterfield, VA 23236-3683
      View Details
    • Value Estimation
      $915,000
      500 SF

      10810 Trade Rd

      OFFICE BUILDING • 500 SF
      10810 Trade Rd, North Chesterfield, VA 23236-3090
      View Details
    • Value Estimation
      $530,000
      2,437 SF

      9413 Hull St Rd

      OFFICE BUILDING • 2,437 SF
      9413 Hull St Rd, North Chesterfield, VA 23236-1246
      View Details
    • Value Estimation by Request
      1,725 SF

      911 Pocono Dr

      OFFICE BUILDING • 1,725 SF
      911 Pocono Dr, North Chesterfield, VA 23236-3627
      View Details

    Similar Nearby for Sale

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      Land Available on Hull Street

      2 to 8 acres available at signalized intersection.
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    • New
      $79,000
      1.07 Acres

      Residential Lot in Chesterfield

      Residential lot perfect for building a single-family home.
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    Similar Nearby for Lease

    • Contact for pricing
      2,240 SF

      Class A Office Building

      Three-story office building with park and lake views for lease.
      720 Moorefield Park Dr, Richmond, VA 23236
      View Details
    • Contact for pricing
      4,246 SF

      Class A Office Building For Rent

      Single-story office building with lake views in Chesterfield County.
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    • $19 SF/Yr
      13,505 SF

      Richmond Office Space For Rent

      Office building with 13,505 square feet available for lease.
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    • Contact for pricing
      3,452 SF

      Renovated Office Suites For Lease

      Move-in ready office suites in amenity-rich Richmond location.
      812 Moorefield Park Dr, Richmond, VA 23236
      View Details
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      Class A Office Building

      60,000 SF Class A office building with lake views.
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      Office Space in Richmond, VA

      Office property for lease in Richmond, Virginia.
      9011 Arboretum Pkwy, Richmond, VA 23236
      View Details
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    North Chesterfield, VA 23236-3686
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    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
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