Colonial Heights, VA
Commercial Real Estate Market Trends & Data

$140 Avg asking sale price
$13 Avg asking lease rate
26,846 SF Avg unit lease size
27,312 SF Avg building size for sale
8.36% Average cap rate

Colonial Heights's Demographic Profile

Colonial Heights has 7,675 households and a median income of $68,095, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 18,270
# Households 7,675
Median age 42
Median household income $68,095
Avg household size 2.0
Renter-occupied housing units 2,991
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Colonial Heights, VA

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Retail Markets Avg Cost/SF Typical Size
Colonial Heights $131 18,239 SF
Fort Lee $133 22,530 SF
Chester $383 10,169 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Colonial Heights $126 15,773 SF 8.00%
Ettrick $136 26,681 SF 8.00%
Chester $256 2,500 SF 5.61%
Petersburg $136 13,761 SF 8.00%

Commercial Properties For Sale in Colonial Heights

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

15500 Jefferson Davis Hwy

Colonial Heights, VA 23834

  • 3.69 AC Lot
  • 1 Commercial Lot
  • $1,500,000
For Sale

Restaurant & Building for sale.

Petersburg, VA 23803

  • 3,897 SF Retail Building
  • $698,850
For Sale

Cameron Street Portfolio- 24 Beds

Petersburg, VA

  • Health Care Building
  • $1,340,000
For Sale

8% Cap- 7 Single Family Rental Portfolio

  • 8.00% Cap Rate
  • $1,150,000
For Sale

Long Lofts

Petersburg, VA 23803

  • 67,882 SF Multifamily
  • $6,385,000
For Sale

23-25 W Old St

Petersburg, VA 23803

  • 12,081 SF Multifamily
  • $1,100,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Colonial Heights $140 27,312 SF
South Chesterfield $163 6,422 SF
Fort Lee $662 29,172 SF
Ettrick $132 21,111 SF
Chester $374 24,740 SF

Regional Demographic Comparison

This comparison places Colonial Heights 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 Colonial Heights or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Colonial Heights 18,270 7,675 42 $68,095 2 2,991 2%
South Chesterfield 2,727 944 45 $126,840 3 80 7%
Fort Lee 9,793 1,268 24 $77,876 4 1,235 2%
Ettrick 7,543 1,755 27 $57,512 3 731 6%
Chester 25,632 9,888 40 $73,261 3 3,157 9%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Colonial Heights, 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 Colonial Heights

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

Colonial Heights 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 Colonial Heights?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Colonial Heights. 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 Colonial Heights?

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

How does Colonial Heights compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Colonial Heights. 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 Colonial Heights acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Colonial Heights, 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.

Nearby Cities
Commercial Market Reports