Medical Office Building in
For Sale
$1,100,000
14404 Sommerville Ct, Midlothian, VA 23113
3,978 SF medical office building for sale in Midlothian.
Property Size3,978 SF
Price / SF$276.52
Days on Market152
Property Features for 14404 Sommerville Ct
General Information
Standard status
Active
Size
3,978 SF
Property subtype
Medical Office Building
Building Details
Year Built
2006
Listing Agency:
Taylor Long Properties Commercial Real Estate
(757) 298-2016
Listed By:
Rebecca von Meister, CCIM · License #VA0225232694
(757) 298-2016
Source:
Taylorlongproperties
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 5 at 4:41AM
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 Taylor Long Properties Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Midlothian, the 3,978 square-foot medical office building at 14404 Sommerville Ct offers convenient access to Midlothian Turnpike and Route 288. Built in 2006, the property is zoned I1 - LT IN and features one unit. The area surrounding the property provides proximity to a diverse range of medical and office facilities, including major medical centers, outpatient clinics, and specialty medical practices. Essential amenities such as dining options, shopping centers, and fitness facilities are also within easy reach, providing convenience for employees and clients. The building includes procedure rooms, a reception area, a records room, and shared office space. It is ideal for office or medical use, and owner financing is available, making it an attractive and accessible location for office and medical investors.
Key Highlights
- 3,978 SF Medical Office Building ideal for office or medical use.
- Convenient access to Midlothian Turnpike and Route 288.
- Located in the heart of Midlothian, near diverse medical and office facilities.
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 | $67.8k | $17.04 |
| − Vacancy | −$9.6k | −$2.40 |
| EGI | $58.2k | $14.64 |
| − OpEx | −$14.6k | −$3.66 |
| NOI | $43.7k | $10.98 |
3,978 SF · lease $17.04/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$7.97M
$6.97M – $9.30M
NOI $557,910 @ 7.0% cap · market cap 50.72%
Second Best
Office B
$623.9K
$545.9K – $727.9K
NOI $43,671 @ 7.0% cap · market cap 3.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23113, VA
26,190
Population
10,317
Households
2.5
Avg Household Size
46
Median Age
70%
College-Educated
98%
High-School Grad
36.5 sq mi
ZIP Area
718
Density / Sq Mi
$150,673
Median Household Income
$75,423
Median Earnings
$1,736
Median Rent
$580,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Midlothian Animal Clinic — 14411 Sommerville Ct, Midlothian, VA 23113
- easyvetclinic Midlothian — 13909 Midlothian Tpke, Midlothian, VA 23114
- UrgentVet — 14300 Winterview Pkwy Suite 106, Midlothian, VA 23113
- Alison Rhoades DVM — 14411 Sommerville Ct, Midlothian, VA 23113
- Withers Tim DVM — 14411 Sommerville Ct, Midlothian, VA 23113
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,978 SF medical office building for sale in Midlothian.
Where is this medical office space located?
The property is located at 14404 Sommerville Ct Midlothian, VA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,978 SF Medical Office Building ideal for office or medical use.; Convenient access to Midlothian Turnpike and Route 288.; Located in the heart of Midlothian, near diverse medical and office facilities.
