For Sale
North Chesterfield, VA
Commercial Real Estate Market Trends & Data
$229
Avg asking sale price
$26
Avg asking lease rate
12,252 SF
Avg unit lease size
23,666 SF
Avg building size for sale
6.74%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| North Chesterfield | $277 | 20,287 SF | 10.29% |
| Richmond | $212 | 21,343 SF | 10.29% |
| Bon Air | $160 | 35,938 SF | 5.94% |
| Midlothian | $171 | 14,452 SF | 5.94% |
| Chesterfield | $292 | 19,404 SF | 8.12% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| North Chesterfield | $158 | 33,962 SF | 6.60% |
| Richmond | $162 | 33,306 SF | 6.60% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| North Chesterfield | $216 | 15,084 SF |
| Richmond | $280 | 9,472 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 |
|---|---|---|---|
| North Chesterfield | $240 | 61,486 SF | 7.00% |
| Richmond | $247 | 14,851 SF | 7.00% |
| Chester | $256 | 2,500 SF | 5.61% |
| Colonial Heights | $125 | 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
Average Price For Sale
↻ Updated MonthlyAverage Size For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $229 | 23,666 SF |
| Richmond | $275 | 17,535 SF |
| Bon Air | $206 | 51,253 SF |
| Henrico | $78 | 89,632 SF |
| Midlothian | $225 | 26,416 SF |
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.
Nearby Market Trends
