Second-Floor Office Condominium
1173 Jefferson Green Circle Midlothian, VA 23113
1173 Jefferson Green Circle, Midlothian, VA, 23113
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For Sale
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Second-floor office suite with six private offices, a large multipurpose room, and client and staff restrooms.
Property Size2,191 SF
Price / SF$230.49
Days on Market91
Property Features for 1173 Jefferson Green Circle
General Information
- Standard status
- Active
- Size
- 2,191 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agency
ICON Commercial Group
Listed by
Colby Kay · License #VA0225090820
Source
Crexi
Added: Apr 23 Updated: Jul 22 at 5:15AM Checked: Jul 22 at 5:15AM
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 ICON Commercial Group
Investment Insights
Based on property information with market context.
This second-floor office condominium suite offers an efficient, flexible layout for professional use. Suite 3A includes six private offices and a large multipurpose room that can function as a conference or collaborative space, with the ability to be converted into two additional offices. The suite also features two client restrooms and a private staff restroom with a shower.
The property is located at 1173 Jefferson Green Circle in Midlothian, VA, within a well-established commercial corridor setting. The exterior is described as brick, with well-maintained interiors.
The space is presented as a polished, adaptable office option for an owner-user or investor, with the configuration supporting both private work areas and shared meeting or project space.
The property is located at 1173 Jefferson Green Circle in Midlothian, VA, within a well-established commercial corridor setting. The exterior is described as brick, with well-maintained interiors.
The space is presented as a polished, adaptable office option for an owner-user or investor, with the configuration supporting both private work areas and shared meeting or project space.
Key Highlights
- 2,191 SF second‑floor office condominium suite in 2007‑built property
- Layout includes 6 private offices plus a large multipurpose room for meetings or flexible office use
- Two client restrooms and a private staff restroom with shower
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $17.04 |
| − Vacancy | −$5.3k | −$2.40 |
| EGI | $32.1k | $14.64 |
| − OpEx | −$8.0k | −$3.66 |
| NOI | $24.1k | $10.98 |
2,191 SF · lease $17.04/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$4.39M
$3.84M – $5.12M
NOI $307,285 @ 7.0% cap · market cap 60.85%
Second Best
Office B
$343.6K
$300.7K – $400.9K
NOI $24,053 @ 7.0% cap · market cap 4.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sterling Benefits
Marketing & Advertising
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FAQs
What type of property is this?
Office units - Second-floor office suite with six private offices, a large multipurpose room, and client and staff restrooms.
Where is this office units located?
The property is located at 1173 Jefferson Green Circle Midlothian, VA.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: 2,191 SF second‑floor office condominium suite in 2007‑built property; Layout includes 6 private offices plus a large multipurpose room for meetings or flexible office use; Two client restrooms and a private staff restroom with shower
