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    Property profile & analytics

    9840 Midlothian Tpke North Chesterfield, VA 23235-4864

    • Retail space
    • 11,662 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimation
    $1,760,000
    Last Sale
    Mar 13, 2025
    $1,600,000
    Location Intelligence
    Property ID
    US87-1208640
    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

    • Ratke For Senate / Charity
    • John Vision Photography / Photographer
    • Private Label Recording Studio / Recording Studio
    • A Plus Driver Improvement School / Driving School
    • Artsy Imagination / Art Studio / Art Center

    Property Details for 9840 Midlothian Tpke

    Year built
    1981
    Lot size
    0.78 lot acres
    Property size
    11,662 SF
    Zone code
    C3 - COMMUNITY BUS DIST
    Property type
    Retail space
    APN
    750-70-87-36-700-000
    APU
    750708736700000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,785,000
      6.5%
      $1,640,000
      7%
      $1,520,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,745,000
      Geo Method
      $1,585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,760,000
      Retail
      $1,455,000
      Mixed-Use
      $1,440,000
      Hospitality
      $1,465,000
      Educational
      $1,545,000
      Residential Income
      $1,710,000
      Energy
      $1,445,000
      Income-Based Land
      $1,555,000
      Food Service
      $1,865,000

    Location Insight

    • Map
    • Local Demand
    City
    North Chesterfield
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.5767
    Latitude
    37.5048
    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
    $9,045
    $371,300
    $605,900
    $977,200
    -
    $371,300
    $605,900
    $977,200

    Comparable in this City

    • Value Estimation by Request
      30,442 SF

      11411 Midlothian Tpke

      RETAIL STORES (PERSONAL SERVICES) • 30,442 SF
      11411 Midlothian Tpke, North Chesterfield, VA 23235-4717
      View Details
    • Value Estimation by Request
      38,863 SF

      11501 Midlothian Tpke

      RETAIL STORES (PERSONAL SERVICES) • 38,863 SF
      11501 Midlothian Tpke, North Chesterfield, VA 23235-4719
      View Details
    • Value Estimation by Request
      7,300 SF

      11225 Midlothian Tpke

      RETAIL STORES (PERSONAL SERVICES) • 7,300 SF
      11225 Midlothian Tpke, North Chesterfield, VA 23235-4713
      View Details
    • Value Estimation
      $380,000
      3,600 SF

      7230 Hull St Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      7230 Hull St Rd, North Chesterfield, VA 23235-5804
      View Details
    • Value Estimation
      $370,000
      5,700 SF

      8221 Midlothian Tpke

      RETAIL STORES (PERSONAL SERVICES) • 5,700 SF
      8221 Midlothian Tpke, North Chesterfield, VA 23235-5117
      View Details
    • Value Estimation
      $260,000
      684 SF

      8756 Huguenot Rd

      RETAIL STORES (PERSONAL SERVICES) • 684 SF
      8756 Huguenot Rd, Richmond, VA 23235-1928
      View Details

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    Similar Nearby for Lease

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      Retail space with high visibility on Midlothian Turnpike.
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    • $25 SF/Yr
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      Retail Space Available For Lease

      Retail space available for lease in North Chesterfield, Virginia.
      2821 Hicks Rd, North Chesterfield, VA 23235
      View Details
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    North Chesterfield, VA 23235-4864
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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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