1201 Old Francis Rd, Glen Allen, VA
Two-story office building with basement storage and ample parking.
- Added:
- Apr 30, 2024
- Days on Market:
- 777
- Last Refresh:
- May 20 at 8:19 pm
Property Features for 1201 Old Francis Rd
General Information
- Standard status
- Active
- Size
- 5,798 SF
- Lot size
- 1.24 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1201 Old Francis Rd Contact us
Listing agent Clifford Porter (804) 399-1326
Listing office Porter Realty Company, Inc - CORFAC International (804) 353-7994
Listing date Apr 30, 2024
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 Porter Realty Company, Inc - CORFAC International
HighLights
- Convenient to I‑295 & I‑95
- 22 Parking Spaces
- 5,885 SF Total plus 2,142 SF Basement Storage Area
- Sited on 1.24 Acres
- For Sale: $1,250,000
- Zoned B‑3
Overview
Local Financial Insights For Office B
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 | $96.0k | $16.56 |
| − Vacancy | −$11.6k | −$2.00 |
| EGI | $84.4k | $14.56 |
| − OpEx | −$21.1k | −$3.64 |
| NOI | $63.3k | $10.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Glen Allen
- County
- Henrico
- State
- Virginia
- Longitude
- -77.4607
- Latitude
- 37.6626
