Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7660 East Parham Rd Henrico, VA 23294

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Healthcare property with 6,411 square feet available for rent.

    Property size:
    6,411 SF
    Lot size:
    6,411 SF

    Property Features for 7660 East Parham Rd

    General Information

    Standard status
    Active
    Size
    6,411 SF

    We can help!

    Listing Contact
    Matt Hamilton
    Source: Cbre

    Listing Agency: CBRE | Richmond Listing Agent: Matt Hamilton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Healthcare Property Available For Rent

    A healthcare property is available for rent, offering a total area of 6,411 square feet. The property is located on East Parham Road in Henrico, Virginia.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.5433
    Latitude
    37.6299

    Nearby Similar for Lease

    • $17 SF/Yr
      3,700 SF

      Henrico Office Space For Rent

      Office space available immediately with flexible lease terms and parking.
      8055 Shrader Rd, Henrico, VA
      View Details
    • Contact for pricing
      1,874 SF

      Office Space For Lease

      Office space available in a prominent, highly visible area.
      8805 Staples Mill Rd, Henrico, VA 23228
      View Details
    • Contact for pricing
      187,500 SF

      Distribution Warehouse Near Airport

      Proposed 187,500 SF distribution warehouse near Richmond Airport.
      6001 S Laburnum Ave, Henrico, VA 23231
      View Details
    • $8,500 /Mo
      2,292 SF

      Freestanding Auto Repair Dealership Available

      Freestanding auto repair/used car dealership for rent.
      7221 W Broad St, Henrico, VA
      View Details
    • Contact for pricing

      Retail Space in Henrico County

      Publix-anchored shopping center with inline and outparcel spaces available.
      2104 John Rolfe Pkwy, Henrico, VA
      View Details
    • $850,000
      4,656 SF

      Retail Space on Patterson Avenue

      4,656 SF retail space available for lease/ground lease.
      8931 Patterson Ave, Henrico, VA
      View Details
    • Contact for pricing
      3,125 SF

      Retail Space in Tuckahoe Village

      Food Lion anchored shopping center in Henrico County for lease.
      11224-11280 Patterson Ave, Henrico, VA
      View Details
    • Contact for pricing
      2,606 SF

      Retail Space with Excellent Visibility

      Retail space available with high traffic and convenient location.
      3621 Cox Rd, Henrico, VA
      View Details
    • Contact for pricing
      1,820 SF

      Prime Retail Space in Henrico

      1,820 SF retail space in a power center.
      10901 Broad St, Henrico, VA
      View Details
    • Contact for pricing
      75,000 SF

      Spacious Industrial Warehouse For Rent

      75,000 SF warehouse with 130' truck court.
      2742 Charles City Rd, Henrico, VA
      View Details
    • Contact for pricing
      96,117 SF

      Henrico Warehouse and Distribution Space

      96,117 SF warehouse/distribution space with excellent transportation access.
      2700 Distribution Dr, Henrico, VA
      View Details
    • Contact for pricing
      6,997 SF

      Henrico Warehouse Space Available

      6,997 SF warehouse space with office and dock door.
      4300-4326 Eubanks Rd, Henrico, VA
      View Details

    FAQs

    What type of property is this?
    Healthcare property - Healthcare property with 6,411 square feet available for rent.
    Where is this healthcare property located?
    The property is located at 7660 East Parham Rd Henrico, VA.
    What are key features of this property?
    This property features: - Healthcare property; - 6,411 square feet available - **ideal space for your practice**; - Property available for rent
    (804) 401-4005
    Request Owner's contact information
    7660 East Parham Rd Henrico, VA 23294
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7660 East Parham Rd
    Henrico, VA 23294
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7660 East Parham Rd Henrico, VA 23294
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matt Hamilton
    (804) 401-4005 (804) 370-9454 (804) 401-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!