Mixed-Use Property with Rear
105 Pickwick Ave, Colonial Heights, VA 23834
For Sale
$250,000
Finished and unfinished areas are complemented by two restrooms and ample storage.
Property Size3,300 SF
Price / SF$119.05
Days on Market49
Property Features for 105 Pickwick Ave
General Information
Standard status
Size
Property subtype
Amenities
2 Restrooms
Lots of Storage
Building Details
Building Size
Year Built
Stories
Listing Agency:
Swearingen Realty Co
Listed By:
Connie Lunsford
(804) 731-5200
Source:
Elliman
Added: Sep 26
Changed: Nov 1
Last Checked: Nov 12 at 9:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Swearingen Realty Co
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Investment Insights
Based on property information with market context.
Built in 1953, this mixed-use property has approximately 2,100 square feet of finished space and an additional approximately 1,200 square feet of unfinished area. The layout includes two offices at the rear, two restrooms, and storage space.
The property is located at 105 Pickwick Ave in Colonial Heights. Its Walk Score is 53 and its Bike Score is 44.
The property is located at 105 Pickwick Ave in Colonial Heights. Its Walk Score is 53 and its Bike Score is 44.
Key Highlights
- Approximately 2,100 square feet of finished space
- Approximately 1,200 square feet of additional unfinished area
- Two rear offices and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,920
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,400
$458.4K
Cap Rate 7%
$327,429
$327.4K
Cap Rate 9%
$254,667
$254.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$35.8K $17.04/SF
− Vacancy
−$3.0K −$1.45/SF
EGI
$32.7K $15.59/SF
− OpEx
−$9.8K −$4.68/SF
NOI
$22.9K $10.91/SF
Area
Colonial Heights County, VA
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,400
Cap Rate 7%
$327,429
Cap Rate 9%
$254,667
Alternative Uses
Best Use
Mixed Use
$374.6K
$327.8K – $437.1K
NOI $26,224 @ 7.0% cap · market cap 10.49%
Second Best
Retail
$327.4K
$286.5K – $382.0K
NOI $22,920 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$485.2K
$424.5K – $566.0K
NOI $33,962 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
109k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Wawa
Shops & Services
44,237 visits/mo
0.1 miles
Cook Out
Dining
27,887 visits/mo
0.1 miles
McDonald's
Dining
23,589 visits/mo
0.4 miles
7-Eleven
Shops & Services
5,946 visits/mo
0.1 miles
Citgo
Shops & Services
3,196 visits/mo
0.3 miles
Demographics for 23834, VA
26,635
Population
11,493
Households
2.3
Avg Household Size
40
Median Age
29%
College-Educated
93%
High-School Grad
23.8 sq mi
ZIP Area
1,119
Density / Sq Mi
$82,314
Median Household Income
$45,000
Median Earnings
$1,214
Median Rent
$236,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Finished and unfinished areas are complemented by two restrooms and ample storage.
Where is this mixed-use property located?
The property is located at 105 Pickwick Ave Colonial Heights, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 2,100 square feet of finished space; Approximately 1,200 square feet of additional unfinished area; Two rear offices and two restrooms
