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    Medical Office Near I-95 Title is generated by Realmo AI

    601 Old Wagner Rd, Petersburg, VA

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    6,820+/- SF medical office space near I-95.

    Type:OFFICE
    Property size:
    6,820 SF
    Lot size:
    6.21 Acres
    Price / SF:
    $183/SF
    Added:
    Dec 27, 2023
    Days on Market:
    906
    Last Refresh:
    May 19 at 9:51 pm

    Property Features for 601 Old Wagner Rd

    General Information

    Standard status
    Active
    Size
    6,820 SF
    Lot size
    6.21 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Nathan Jones
    Nathan Jones

    Listing agent Nathan Jones License #0225043719

    Listing office Dominion Commercial - Corporate

    Listing date Dec 27, 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 Dominion Commercial - Corporate

    HighLights

    • 6,820+\/- SF Medical Office space available.
    • Located just off I‑95 Exit 48 for easy access.
    • Well laid out with waiting area, reception, dual hallways, exam rooms, restrooms and storage.
    • Benefit from pylon signage.
    • Located at signalized intersection.
    • Ideal for Medical Office Use.

    Overview

    This 6,820+/- SF medical office is located just off I-95 Exit 48. The property is well laid out, featuring a waiting area, reception, dual hallways, exam rooms, restrooms, and storage. Pylon signage is available at the signalized intersection.

    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 $177.6k $26.04
    − Vacancy −$14.6k −$2.14
    EGI $163.0k $23.90
    − OpEx −$65.2k −$9.56
    NOI $97.8k $14.34
    6,820 SF · lease $26.04/SF/yr · vacancy 8.20% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,818 @ 7.0% cap · market cap 7.83%
    Second Best
    Office B
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,694 @ 7.0% cap · market cap 7.34%
    Theoretical Best
    Office A
    $1.58M
    $1.38M – $1.84M (±1% cap)
    NOI $110,295 @ 7.0% cap · market cap 8.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Reddy P Vijay ... Physician Tanwi Tanwi Physician Robert Davis Physician Mariposa Aesthetics Spa & Massage Center Center For Gastrointestinal Health Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Pharmacy Hotel & Motel Auto Parts Store Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.3481
    Latitude
    37.1901

    FAQs

    What type of property is this?
    Medical Office Space - 6,820+/- SF medical office space near I-95.
    Where is this medical office space located?
    The property is located at 601 Old Wagner Rd Petersburg, VA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 6,820+\/- SF Medical Office space available.; Located just off I‑95 Exit 48 for easy access.; Well laid out with waiting area, reception, dual hallways, exam rooms, restrooms and storage.
    (855) 530-2300 Call to check price and availability
    More about this property
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