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    9401 Courthouse Rd Chesterfield, VA 23832
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    Property profile & analytics

    9401 Courthouse Rd Chesterfield, VA 23832

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    • Office buildings
    • 14,713 SF
    • 6.34 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Renovated Class A Office Building For Lease
    $21 SF/Yr
    3,407 SF

    Renovated Class A Office Building

    Newly renovated Class A office building with upgraded security systems.

    9401 Courthouse Rd, Chesterfield, VA
    View Listing
    Property ID
    US87-0345948
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Friedman Law Firm, PC / Law Firm
    • Jack R. Wilson, III PLC / Law Firm
    • Jones Vanessa L / Law Firm
    • Edward Jones - Financial Advisor: Ingrid A Kessener, CFP® / Financial Advisor
    • Chesterfield Baseball Clubs / Gym & Fitness Center / Sports School

    Property Details for 9401 Courthouse Rd

    Year built
    1990
    Lot size
    6.34 lot acres
    Property size
    14,713 SF
    Zone code
    C2 - NBHD BUSINESS DIST
    Property type
    Office buildings
    APN
    768-66-63-31-100-000
    APU
    768666331100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,870,000
      6.5%
      $2,650,000
      7%
      $2,460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,300,000
      Market price range: $1.65M - $4.30M
      AI Estimate
      $4,085,000
      Market price range: $1.01M - $4.09M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,885,000
      Current use
      COMMERCIAL (GENERAL)
      $4,575,000
      Change: +58% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,640,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $2,970,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5176
    Latitude
    37.3877
    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
    $31,132
    $1,256,600
    $2,130,600
    $3,387,200
    -
    $1,256,600
    $2,130,600
    $3,387,200

    Comparable in this City

    • Value Estimation
      $5,535,000
      38,368 SF

      10001 Iron Brg Rd

      OFFICE BUILDING • 38,368 SF
      10001 Iron Brg Rd, Chesterfield, VA 23832-6528
      View Details
    • Value Estimation
      $650,000
      3,110 SF

      9510 Iron Brg Rd

      OFFICE BUILDING • 3,110 SF
      9510 Iron Brg Rd, Chesterfield, VA 23832-6400
      View Details
    • Value Estimation
      $640,000
      462 SF

      10030 Iron Brg Rd

      OFFICE BUILDING • 462 SF
      10030 Iron Brg Rd, Chesterfield, VA 23832-6527
      View Details
    • Value Estimation
      $18,220,000
      78,948 SF

      9901 Lori Rd

      OFFICE BUILDING • 78,948 SF
      9901 Lori Rd, Chesterfield, VA 23832-6626
      View Details
    • Value Estimation
      $955,000
      8,575 SF

      6701 Mimms Loop

      OFFICE BUILDING • 8,575 SF
      6701 Mimms Loop, Chesterfield, VA 23832-6760
      View Details
    • Value Estimation
      $565,000
      4,460 SF

      10321 Memory Ln

      OFFICE BUILDING • 4,460 SF
      10321 Memory Ln, Chesterfield, VA 23832-8812
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,080 SF

      Chesterfield Office Building For Sale

      Office building in Chesterfield with a 10.75% cap rate.
      10110 Iron Bridge Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Land For Sale

      Land for sale with office/retail potential.
      14909 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Hull Street Road Land Parcel

      9.36 AC land parcel with frontage on Hull Street.
      16901 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing
      1.00 Acre

      One Acre Parcel in Chesterfield

      One-acre parcel in Chesterfield County with road frontage and stream.
      3136 Turner Rd, Chesterfield, VA 23832
      View Details
    • $429,990

      New Three-Story Townhome For Sale

      Three-bedroom townhome with garage, bonus room, and community amenities.
      16331 Alexandria Ct, Moseley, VA 23832
      View Details
    • Contact for pricing

      1.20 AC Pad Site Available

      Pad site for sale in a fully leased shopping center.
      7071 Commons Plz, Chesterfield, VA 23832
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,407 SF

      Renovated Class A Office Building

      Newly renovated Class A office building with upgraded security systems.
      9401 Courthouse Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing
      33,000 SF

      Modern Office Building in Chesterfield

      33,000 SF office building in Cosby Village Square.
      15545 Cosby Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Office Suite on Krause Road

      Office suite with reception, four offices, and ample parking.
      10106 Krause Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Multiple retail and office spaces available for lease.
      15701 Hull Street Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing

      Medical Building in Cosby Village

      Class A medical building in fast-growing Moseley, Virginia.
      15545 Cosby Rd, Chesterfield, VA 23832
      View Details
    • Contact for pricing
      1,575 SF

      Office Space in Growing Area

      Office space for rent in a dynamic, growing residential area.
      15501 Cosby Rd, Chesterfield, VA 23832
      View Details
    View Listing
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    Chesterfield, VA 23832
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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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