1205 Westover Hills Blvd, Richmond, VA
Multi-tenant retail building with redevelopment opportunity and restaurant space.
- Added:
- May 15, 2023
- Days on Market:
- 1128
- Last Refresh:
- May 19 at 9:44 pm
Property Features for 1205 Westover Hills Blvd
General Information
- Standard status
- Active
- Size
- 3,928 SF
- Lot size
- 0.23 Acres
- Property subtype
- RETAIL
Listing agent Yasmine Hamad
Listing office Partner Commercial (804) 308-8109
Listing date May 15, 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 Partner Commercial
HighLights
- Redevelopment opportunity
- 1,200 SF restaurant space available
- Multi‑tenant retail building (±3,928 SF)
- Zoned B‑2
- Parking: 8 spaces in front & 2‑3 spaces per store in rear
- Located on 0.23 acres
Overview
Local Financial Insights For Specialty Retail
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 | $73.1k | $18.60 |
| − Vacancy | −$5.1k | −$1.30 |
| EGI | $67.9k | $17.30 |
| − OpEx | −$17.0k | −$4.32 |
| NOI | $51.0k | $12.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4885
- Latitude
- 37.5197
