Glen Allen Office Building For
For Sale
Contact for pricing
1201 Old Francis Rd, Glen Allen, VA
Two-story office building with basement storage and ample parking.
Property Size5,798 SF
Lot Size1.24 Acres
Price / SF$215.59
Days on Market823
Property Features for 1201 Old Francis Rd
General Information
Standard status
Active
Size
5,798 SF
Lot size
1.24 Acres
Property subtype
OFFICE
Listing Agency:
Porter Realty Company, Inc - CORFAC International
(804) 521-1458
Listed By:
Clifford Porter
(804) 399-1326
Source:
Moodyscre
Added: Apr 30, 2024
Changed: Jul 6
Last Checked: Jul 22 at 4:17AM
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
Investment Insights
Based on property information with market context.
This two-story office building, constructed in 1951, offers a total of 5,885 square feet of office space, plus an additional 2,142 square feet of basement storage area. The first floor comprises 2,859 square feet, while the second floor provides 3,026 square feet. The property is situated on a 1.24-acre lot and includes 22 parking spaces. It is zoned B-3 and is conveniently located near I-295 and I-95.
Key Highlights
- Convenient to I‑295 & I‑95
- 22 Parking Spaces
- 5,885 SF Total plus 2,142 SF Basement Storage Area
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 |
5,798 SF · lease $16.56/SF/yr · vacancy 12.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$904.3K
$791.2K – $1.05M
NOI $63,298 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,875 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with basement storage and ample parking.
Where is this office building located?
The property is located at 1201 Old Francis Rd Glen Allen, 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: Convenient to I‑295 & I‑95; 22 Parking Spaces; 5,885 SF Total plus 2,142 SF Basement Storage Area
