Technical
Financial
Distress signals
Property profile

9801 Chester Rd Chester, VA 23831

OFF-MARKET
Shopping centers
Property ID
US87-3864924
7,023 SF 6.58 ac lot Built 1991
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Centralia Crossing Shopping Center offers exceptional retail opportunities in Chesterfield County. This established strip mall boasts a total of 50,724 square feet and currently has two available spaces ranging from 1,200 to 7,100 square feet. The center is anchored by a high-performing Food Lion grocery store, which has recently experienced a 20% increase in sales. This strong anchor tenant contributes to significant foot traffic and a thriving retail environment. The property features ample parking to comfortably accommodate all shoppers and has recently undergone improvements including the installation of new parking lot lighting. For businesses seeking expansion, a 4,800 square foot build-to-suit end cap space is available for development. Centralia Crossing enjoys a convenient location with close proximity to Route 288 on Chester Road, ensuring excellent visibility and accessibility for customers. This is a prime opportunity for businesses seeking a well-established location in a high-traffic area with a proven track record of success. The available spaces offer flexibility for a variety of retail uses, making this an attractive investment for both established businesses and new ventures.

Property profile

Verified
Property type Shopping centers
Use group SHOPPING CENTER COMMON AREA
Year built 1991
Total area 7,023 SF
Lot 6.58 ac (286,538 SF)
Zoning code C3 - COMMUNITY BUS DIST
APN 787-66-58-02-000-000
UPID US87-3864924

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm Currency Exchange Service
  • Grocery & Convenience Store Food Market
  • Shopping Center & Mall
  • Bank Credit Union
  • Atm

Location

9801 Chester Rd Chester, VA 23831-1104
Chester metro Census 100409 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.42M

Owner & transaction history

since 2019
Last sale
$4.0M
3 recorded transactions
2019
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

C3 - COMMUNITY BUS DIST · Chester, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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