Chesterfield, VA
Commercial Real Estate Market Trends & Data

$789 Avg asking sale price
$23 Avg asking lease rate
11,834 SF Avg unit lease size
31,908 SF Avg building size for sale
6.54% Average cap rate

Chesterfield's Demographic Profile

Chesterfield has 15,854 households and a median income of $96,987, providing context for rent absorption and tenant demand across retail and multifamily assets. A +10% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 45,904
# Households 15,854
Median age 40
Median household income $96,987
Avg household size 3.0
Renter-occupied housing units 2,668
5-year population change +10%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Chesterfield, VA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Chesterfield $347 18,021 SF 8.12%
Midlothian $173 14,452 SF 5.94%
North Chesterfield $202 24,193 SF 10.29%
Bon Air $225 30,932 SF 5.94%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
North Chesterfield $156 37,581 SF 6.60%
Richmond $168 31,822 SF 6.60%
Nearby Retail Markets Avg Cost/SF Typical Size
Chesterfield $733 5,456 SF
Midlothian $316 14,226 SF
North Chesterfield $217 15,372 SF
Bon Air $349 7,452 SF
Sutherland $168 10,640 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Richmond $269 22,593 SF 6.98%
Chester $256 2,500 SF 5.61%
Ettrick $136 26,681 SF 8.00%

Commercial Properties For Sale in Chesterfield

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Go Car Wash

North Chesterfield, VA 23235

  • 4,492 SF Specialty
  • 6.50% Cap Rate
  • $4,162,619
For Sale

15100 Jefferson Davis Hwy

Chesterfield, VA 23834

  • 5.71 AC Lot
  • 1 Commercial Lot
  • $2,500,000
For Sale

Panera Bread

Richmond, VA 23237

  • 3,200 SF Retail Building
  • 5.00% Cap Rate
  • $3,476,040
For Sale

Centralia Meadows Office Park

Chesterfield, VA 23832

  • 12,577 SF Office Building
  • $679,000
For Sale

Woodlake Commons loop

Midlothian, VA 23112

  • 1.38 AC Lot
  • 1 Commercial Lot
  • $1,104,000
For Sale

7600 Otterdale rd

Moseley, VA 23120

  • 0.94 - 0.95 AC Lots
  • 3 Commercial Lots
  • $1,000,000 - $3,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Chesterfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Chesterfield $789 31,908 SF
Midlothian $241 26,592 SF
Moseley $1,033 3,583 SF
North Chesterfield $245 28,706 SF
Bon Air $217 48,653 SF

Regional Demographic Comparison

This comparison places Chesterfield alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Chesterfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Chesterfield 45,904 15,854 40 $96,987 3 2,668 10%
Midlothian 86,383 31,808 41 $114,485 3 6,441 10%
North Chesterfield 220,173 88,416 39 $60,743 2 40,577 6%
Bon Air 18,274 7,216 41 $88,063 2 2,157 8%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Chesterfield, VA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Chesterfield

View All Commercial Real Estate For Sale in Chesterfield
Is Chesterfield a good market for a first-time commercial real estate investor?

Chesterfield offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Chesterfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Chesterfield. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Chesterfield?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Chesterfield. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Chesterfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Chesterfield. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Chesterfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Chesterfield, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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