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    Brick B-1 Commercial Building Title is generated by Realmo AI

    6267 Professional Drive, Gloucester, VA 23061

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    For Sale
    $443,000

    COMMERCIAL - Gloucester, VA

    Property size:
    2,596 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $170/SF
    Added:
    Apr 7, 2025
    Days on Market:
    425
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 6267 Professional Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-1
    Parking features
    Off Street
    Standard status
    Active
    Size
    2,596 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1776

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating), Forced Air
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    1996
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jeanne Hockaday
    Jeanne Hockaday

    Listing agent Jeanne Hockaday License #BK 0223107648,PersonLicenseNumber

    Listing office NextHome Coast to Country RE 3765 George Washington Mem.Hwy, Hayes, VA

    Listing date Apr 7, 2025

    MLS# 10576292 Listing URL

    Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Single‑level brick commercial building zoned B‑1
    • 2,596 SF building built in 1996
    • Currently generates $3,000/month in rent
    • Off‑street parking
    • Central air cooling plus heat pump, with forced‑air/electric heating
    • Located just off Short Lane, across from Lowe's

    Overview

    Located at 6267 Professional Drive in Gloucester, VA, this single-level, well-maintained brick commercial building is offered for sale. The property is configured as a 2,596-square-foot space and features a practical, low-maintenance layout suited to a range of commercial uses. It is currently generating $3,000 per month in rent, supporting an investment-focused opportunity with ongoing occupancy considerations.

    The building sits on a 0.57-acre lot and benefits from its position just off Short Lane, directly across from Lowe’s. This setting supports visibility and convenient access for customers and tenants alike.

    B-1 zoning provides flexibility for retail, office space, or mixed-use development, which can support both owner-operators and investors seeking options as needs change. The current tenant has the option to extend the lease for an additional five years and, per the remarks, intends to remain, while also offering the possibility of vacancy for a new tenant scenario. Overall, the property offers a solid blend of income generation, straightforward physical character, and zoning-driven versatility in a convenient retail-oriented location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.531143
    Latitude
    37.384857

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    FAQs

    What type of property is this?
    Storefront property - Well-maintained single-level brick building with B-1 zoning, currently generating rental income and offering flexible future use options.
    Where is this storefront property located?
    The property is located at 6267 Professional Drive Gloucester, VA.
    What is the asking price?
    The asking price for this property is $443,000.
    What are key features of this property?
    This property features: Single‑level brick commercial building zoned B‑1; 2,596 SF building built in 1996; Currently generates $3,000/month in rent
    (804) 642-6126 x140
    We can help!
    Listing Contact
    Jeanne Hockaday
    Jeanne Hockaday
    Real Estate License ID: BK 0223107648,PersonLicenseNumber
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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