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Property profile & analytics
OFF-MARKET Estimated value $3,680,000
Shopping centers

9801 Chester Rd Chester, VA 23831-1104

7,023 SF 6.58 ac lot Built 1991
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US87-3864924
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
  • Food Lion Grocery & Convenience Store Food Market
  • CENTRALIA CROSSING Shopping Center & Mall
  • Western Union Bank Credit Union
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.68M
Owner & transaction history
Centralia Assocs II LLC · 6 yrs held
Centralia Assocs II LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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