Multi-Tenant Office/Flex
For Sale
Contact for pricing
Pending
10810 HASTY LN, Midlothian, VA 23112
Professionally maintained multi-tenant office/flex building with approximately 90% occupancy and notable renovations completed between 2013 and 2018.
Property Size9,598 SF
Days on Market146
Property Features for 10810 HASTY LN
General Information
Standard status
Pending
Size
9,598 SF
Class
B
Property subtype
Office, Industrial
Zoning
I1
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$77,302
Additional Details
Highway Access
Yes
Building Details
Year Built
1986
Year Renovated
2013
Buildings
1
Stories
2
Units
56
Tenancy
Multi
Listing Agency:
The Gaulden Group
Listed By:
David Gaulden · License #VA 0225242380
Source:
Crexi
Added: May 27
Changed: Oct 10
Last Checked: Oct 19 at 5:36AM
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 The Gaulden Group
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Investment Insights
Based on property information with market context.
10810 Hasty Lane is a professionally maintained, multi-tenant office/flex property featuring a functional layout designed to support commercial and service-oriented users. The building has a diversified tenancy profile and is currently approximately 90% occupied. A significant portion of the property was renovated between 2013 and 2018, with improvements including the roof, siding, windows, and interior systems.
The property is situated within the Chesterfield County commercial corridor and benefits from strong regional accessibility near Route 288 and Hull Street Road (Route 360). An additional parcel area may support future conceptual flex-oriented development configurations, subject to municipal approvals.
Ownership has identified opportunities related to future lease restructuring and operational efficiencies, including the note that approximately 1,418 square feet of common area is not currently incorporated into tenant lease calculations.
The property is situated within the Chesterfield County commercial corridor and benefits from strong regional accessibility near Route 288 and Hull Street Road (Route 360). An additional parcel area may support future conceptual flex-oriented development configurations, subject to municipal approvals.
Ownership has identified opportunities related to future lease restructuring and operational efficiencies, including the note that approximately 1,418 square feet of common area is not currently incorporated into tenant lease calculations.
Key Highlights
- Multi‑tenant office/flex building built in 1986 with approximately 90% occupancy.
- Renovations completed between 2013 and 2018, including roof, siding, windows, and interior systems improvements.
- Current income supported by diversified tenancy and a functional office/flex layout for commercial and service‑oriented users.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,457
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,129,140
$2.1M
Cap Rate 7%
$1,520,814
$1.5M
Cap Rate 9%
$1,182,856
$1.2M
Market Conditions
NOI Build-Up for 9,598 SF
Gross rent
$182.0K $18.96/SF
− Vacancy
−$18.2K −$1.90/SF
EGI
$163.8K $17.06/SF
− OpEx
−$57.3K −$5.97/SF
NOI
$106.5K $11.09/SF
Area
Chesterfield County, VA
Vacancy
10.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,129,140
Cap Rate 7%
$1,520,814
Cap Rate 9%
$1,182,856
Alternative Uses
Best Use
Flex RnD
$1.52M
$1.33M – $1.77M
NOI $106,457 @ 7.0% cap · market cap 8.19%
Second Best
Office B
$1.51M
$1.32M – $1.76M
NOI $105,367 @ 7.0% cap · market cap 8.11%
Theoretical Best
Healthcare Medical
$19.23M
$16.83M – $22.44M
NOI $1,346,108 @ 7.0% cap · market cap 103.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 23112, VA
54,592
Population
21,511
Households
2.5
Avg Household Size
39
Median Age
50%
College-Educated
97%
High-School Grad
32.1 sq mi
ZIP Area
1,701
Density / Sq Mi
$117,716
Median Household Income
$57,772
Median Earnings
$1,706
Median Rent
$366,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Mi Hacienda — 11106 Hull Street Rd, Midlothian, VA 23112
- Hacienda Catering Kitchen — 11106 Hull Street Rd N, Midlothian, VA 23112
Frequently Asked Questions
What type of property is this?
Flex space - Professionally maintained multi-tenant office/flex building with approximately 90% occupancy and notable renovations completed between 2013 and 2018.
Where is this flex space located?
The property is located at 10810 HASTY LN Midlothian, VA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Multi‑tenant office/flex building built in 1986 with approximately 90% occupancy.; Renovations completed between 2013 and 2018, including roof, siding, windows, and interior systems improvements.; Current income supported by diversified tenancy and a functional office/flex layout for commercial and service‑oriented users.
