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Secure Federal Office Building
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111 Greencourt Rd, Richmond, VA 23228

Build-to-suit office facility occupied by the U.S. Federal Government under a long-term lease.

Property SizeContact for details
Days on Market143

Property Features for 111 Greencourt Rd

General Information

Standard status Active
Property subtype Office

Additional Details

Highway Access Yes

Building Details

Year Built 1989
Tenancy Single
Listing Agency: Newmark Richmond
Listed By: Will Bradley · License #VA 225194048
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 8:29PM

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 Newmark Richmond

Investment Insights

Based on property information with market context.

111 Greencourt is a secure office facility developed as a build-to-suit property for the General Services Administration. The U.S. Federal Government has occupied the building since 1989, and the asset serves as a Central Virginia district office for a federal law enforcement agency. Planned building improvements are included as part of the current commitment.

The property is located at 111 Greencourt Rd in Richmond, Virginia, along I-95. A recently executed lease provides a 15-year term, including 13 years firm, supporting continued occupancy by the federal government. The facility functions as a regional operations base for law enforcement activity throughout Virginia.

Key Highlights

  • Build‑to‑suit office facility developed for the General Services Administration
  • U.S. Federal Government occupancy in place since 1989
  • 15‑year lease term with 13 years firm

Property Analytics

Current Use

Federal Bureau of Investigation Federal Government Office DEA Federal Government Office

Suggested Use

Top Pick Dental Office Restaurant Pharmacy Hair Salon Storage Facility Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

628
Businesses Nearby

Demographics for 23228, VA

36,384
Population
16,724
Households
2.2
Avg Household Size
37
Median Age
31%
College-Educated
89%
High-School Grad
11.1 sq mi
ZIP Area
3,278
Density / Sq Mi
$65,650
Median Household Income
$43,883
Median Earnings
$1,410
Median Rent
$267,300
Median Home Value

Market

Vacancy Rate% for Office in Richmond, VA

5.7% 2019
7.2% 2020
7% 2021
8.2% 2022
8.4% 2023
12.1% 2024
11.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Build-to-suit office facility occupied by the U.S. Federal Government under a long-term lease.
Where is this office building located?
The property is located at 111 Greencourt Rd Richmond, VA.
What are key features of this property?
This property features: Build‑to‑suit office facility developed for the General Services Administration; U.S. Federal Government occupancy in place since 1989; 15‑year lease term with 13 years firm
More about this property
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