Medical Building in Prince
1775 Lake Harley Drive Prince George, VA 23875
1775 Lake Harley Drive, Prince George, VA, 23875
$6,250,000
For Sale
$6,250,000
Medical building with long-term tenant in Prince George County.
Property Size15,600 SF
Price / SF$400.64
Days on Market242
Property Features for 1775 Lake Harley Drive
General Information
- Standard status
- Active
- Size
- 15,600 SF
- Property subtype
- Office
Building Details
- Year Built
- 2019
Listing agency
NAI Dominion
(804) 513-6162
Listed by
Christopher Rice
Source
Naiglobal
Added: Nov 21, 2025 Updated: Jul 6 at 9:03AM Checked: Jul 21 at 5:23AM
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 NAI Dominion
Investment Insights
Based on property information with market context.
This medical building, located in Prince George County, Virginia, within the Richmond Metropolitan Statistical Area, features eight doctor PODs, advanced medical equipment, and conference facilities. It also includes an open reception area and ample parking. The building is constructed with high-quality mechanical, electrical, and plumbing engineering and design. The property has a rentable area of 15,455 square feet and a gross area of 15,600 square feet. The tenant is Virginia Physicians for Women, LTD, with a net operating income (NOI) of $394,102.50 for the first year. The base rent for the first year is $25.50 per square foot, NNN, and the lease term is 12 years, with an annual escalation of 2.5%.
Key Highlights
- NNN Lease with Virginia Physicians for Women, LTD
- Benefit from a 12‑Year Lease Term
- $394,102.50 NOI in Year 1 with 2.5% Annual Escalation
Local Financial Insights For Healthcare Medical
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 | $406.2k | $26.04 |
| − Vacancy | −$33.3k | −$2.14 |
| EGI | $372.9k | $23.90 |
| − OpEx | −$149.2k | −$9.56 |
| NOI | $223.7k | $14.34 |
15,600 SF · lease $26.04/SF/yr · vacancy 8.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.20M
$2.80M – $3.73M
NOI $223,748 @ 7.0% cap · market cap 3.58%
Second Best
Office B
$3.00M
$2.62M – $3.50M
NOI $209,741 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $252,289 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Medical building with long-term tenant in Prince George County.
Where is this medical office space located?
The property is located at 1775 Lake Harley Drive Prince George, VA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: NNN Lease with Virginia Physicians for Women, LTD; Benefit from a 12‑Year Lease Term; $394,102.50 NOI in Year 1 with 2.5% Annual Escalation
