North Chesterfield, VA
Commercial Real Estate Market Trends & Data

$243 Avg asking sale price
$320 Avg asking lease rate
16,850 SF Avg unit lease size
24,350 SF Avg building size for sale
6.80% Average cap rate

North Chesterfield's Demographic Profile

North Chesterfield has 88,416 households and a median income of $60,743, providing context for rent absorption and tenant demand across retail and multifamily assets. A +6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 220,173
# Households 88,416
Median age 39
Median household income $60,743
Avg household size 2.0
Renter-occupied housing units 40,577
5-year population change +6%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
North Chesterfield $200 20,262 SF 10.29%
Richmond $214 20,291 SF 10.29%
Bon Air $160 30,932 SF 5.94%
Midlothian $173 14,452 SF 5.94%
Chesterfield $314 19,404 SF 8.12%
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
North Chesterfield $214 15,908 SF
Richmond $282 12,841 SF
Bon Air $349 7,452 SF
Henrico $278 11,409 SF
Midlothian $316 14,226 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Richmond $269 13,340 SF 6.98%
Chester $361 2,500 SF 5.61%
Colonial Heights $126 15,773 SF 8.00%

Commercial Properties For Sale in North Chesterfield

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

Gas Station | Car Lot

Richmond, VA 23224

  • 1,475 SF Retail Building
  • $899,950
For Sale

Mixed Use Arts District Gem

Richmond, VA 23219

  • 9,412 SF Retail Building
  • $1,500,000
For Sale

Mixed Use Duplex in the Arts District

Richmond, VA 23219

  • 6,760 SF Retail Building
  • $950,000
For Sale

Go Car Wash

North Chesterfield, VA 23235

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

Chimborazo Mini-mall

Richmond, VA 23223

  • 14,250 SF Retail Building
  • $3,000,000
For Sale

Turn Key Union Hill Duplex For Sale

Richmond, VA 23223

  • 2,943 SF Multifamily
  • $749,000

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 North Chesterfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
North Chesterfield $243 24,350 SF
Richmond $278 18,320 SF
Bon Air $217 52,216 SF
Henrico $110 89,632 SF
Midlothian $241 26,592 SF

Multifamily Properties For Sale in North Chesterfield

For Sale

Shockoe Collection

Richmond, VA

  • Price Upon Request
For Sale

Bainbridge Midlothian

Midlothian, VA 23113

  • 310,000 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places North 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 North Chesterfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
North Chesterfield 220,173 88,416 39 $60,743 2 40,577 6%
Richmond 229,548 104,651 36 $53,556 2 67,038 3%
Bon Air 18,274 7,216 41 $88,063 2 2,157 8%
Henrico 16,389 7,293 36 $73,181 2 4,880 -1%
Midlothian 86,383 31,808 41 $114,485 3 6,441 10%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in North 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 North Chesterfield

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

North 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 North Chesterfield?

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

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

How does North Chesterfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to North 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 North Chesterfield acquisitions?

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