Medical/Office Building For Sale

8917 Fargo Rd, Richmond, VA

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For Sale

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11,654 SF medical/office building on 1.07 AC for sale.

Type:OFFICE

Property size:

11,654 SF

Lot size:

1.10 Acres

Price / SF:

$197/SF

HighLights

Income‑producing property with owner‑occupant potential (3,000‑6,000± SF available)
Medical appropriate parking (5:1,000)
11,654± SF medical/office building
Situated on 1.07± AC
Opportunity Zone
Close proximity to Regency Mall and numerous amenities off Parham Road

We can help!

Listing Contact

Jamie Galanti

For Sale

Contact for pricing

11,654 SF medical/office building on 1.07 AC for sale.

Type:OFFICE

Property size:

11,654 SF

Lot size:

1.10 Acres

Price / SF:

$197/SF

Added:: Feb 23, 2023
Days on Market:: 1205
Last Refresh:: May 20 at 9:45 pm

Property Features for 8917 Fargo Rd

General Information

Standard status: Active
Size: 11,654 SF
Lot size: 1.10 Acres
Property subtype: OFFICE

Properties For Sale

at 8917 Fargo Rd Contact us

We can help!

Listing Contact

Jamie Galanti

Listing agent Jamie Galanti

Listing office Commonwealth Commercial

Listing date Feb 23, 2023

Source Moodyscre

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 Commonwealth Commercial

HighLights

Income‑producing property with owner‑occupant potential (3,000‑6,000± SF available)
Medical appropriate parking (5:1,000)
11,654± SF medical/office building
Situated on 1.07± AC
Opportunity Zone
Close proximity to Regency Mall and numerous amenities off Parham Road

Overview

This 11,654 square foot medical/office building is available for sale. Situated on a 1.07 acre lot, the property is located in an Opportunity Zone. The property is income producing and ideally suited for an owner-occupant, with 3,000 to 6,000 square feet available. The location offers medical appropriate parking at a ratio of 5 spaces per 1,000 square feet. It benefits from a signalized intersection on nearby Parham Road and close proximity to Regency Mall and numerous amenities off Parham Road.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$303.5k	$26.04
− Vacancy	−$24.9k	−$2.14
EGI	$278.6k	$23.90
− OpEx	−$111.4k	−$9.56
NOI	$167.2k	$14.34

11,654 SF · lease $26.04/SF/yr · vacancy 8.20% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,151 @ 7.0% cap · market cap 7.27%

Second Best

Office B

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,687 @ 7.0% cap · market cap 6.81%

Theoretical Best

Office A

$2.69M

$2.36M – $3.14M (±1% cap)

NOI $188,473 @ 7.0% cap · market cap 8.19%

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

Property Profile Location Intelligence

Current Use by Public Records

Commonwealth Prosthodontics Dental Office Dr. David M ... Dental Office Jonathan E Carlton ... Dental Office Spainhour Stephen E ... Dental Office Levin Jeffrey DDS Dental Office

Suggested Use

Similar Places Nearby

Quioccasin Veterinary Hospital — 9218 Quioccasin Rd, Richmond, VA 23229
Tuckahoe Veterinary Hospital — 9001 Quioccasin Rd, Richmond, VA 23229
Petco Vaccination Clinic — 1520 n parham rd, richmond, va 23229
Evans Carolyn DVM — 9218 Quioccasin Rd, Richmond, VA 23229, United States
Petco Vaccination Clinic — 1520 N Parham Rd, Henrico, VA 23229

Location Insight

Map
Local Demand

City: Richmond
County: Richmond City
State: Virginia
Longitude: -77.5668
Latitude: 37.607

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What type of property is this?

Medical Office Space - 11,654 SF medical/office building on 1.07 AC for sale.

Where is this medical office space located?

The property is located at 8917 Fargo Rd Richmond, VA.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: Income‑producing property with owner‑occupant potential (3,000‑6,000± SF available); Medical appropriate parking (5:1,000); 11,654± SF medical/office building

8917 Fargo Rd, Richmond, VA

11,654 SF medical/office building on 1.07 AC for sale.

Property Features for 8917 Fargo Rd

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Richmond Automotive Service Property

Richmond Industrial Cold-Storage Facility

Richmond Multifamily Investment Opportunity

Colonial Multifamily with Courtyard

Turnkey Multifamily with Heat Pumps

Historic Duplex With Two 4BR Units

New Construction Multifamily in Richmond

Richmond Duplex Near McGuire Center

Richmond Duplex: Leased Investment Opportunity

Two-Story Duplex on Corner Lot

Renovated Duplex in Richmond

Corner Commercial Building in Richmond

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