Industrial Flex Office
For Sale
$375,000
7621 Pocoshock Way, Richmond, VA 23235
Industrial office/flex space for sale with convenient access to Richmond’s Manchester area and nearby dining and retail.
Property Size2,307 SF
Price / SF$162.55
Days on Market60
Property Features for 7621 Pocoshock Way
General Information
Standard status
Active
Size
2,307 SF
Property subtype
Flex / Office
Building Details
Building Size
2,307 SF
Year Built
1985
Listing Agency:
Taylor Long Properties
Listed By:
Robert Marshall · License #0225192463
(804) 437-4323
Source:
Taylorlongproperties
Added: Jul 8
Changed: Aug 31
Last Checked: Sep 4 at 5:13AM
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
Investment Insights
Based on property information with market context.
Located at 7621 Pocoshock Way in the Manchester area of Richmond, this 2,307 SF industrial office/flex space is offered for sale. The property is designed to combine industrial functionality with office-ready space, making it suitable for light industrial and flexible business use.
The site is positioned for convenient access to amenities including dining and retail, and it also offers proximity to major transportation routes. This blend of flexible space and access-focused location supports a range of operational needs for owner-occupants and investors considering Manchester.
For buyers seeking an industrial office/flex configuration in Richmond’s Manchester area, this offering provides a compact footprint with an established, access-oriented setting.
The site is positioned for convenient access to amenities including dining and retail, and it also offers proximity to major transportation routes. This blend of flexible space and access-focused location supports a range of operational needs for owner-occupants and investors considering Manchester.
For buyers seeking an industrial office/flex configuration in Richmond’s Manchester area, this offering provides a compact footprint with an established, access-oriented setting.
Key Highlights
- 2,307 SF industrial office/flex space in the Manchester area of Richmond
- Built in 1985
- Located on 7621 Pocoshock Way with convenient access to major transportation routes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,017
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,340
$620.3K
Cap Rate 7%
$443,100
$443.1K
Cap Rate 9%
$344,633
$344.6K
Market Conditions
NOI Build-Up for 2,307 SF
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.
Gross rent
$49.0K $21.24/SF
− Vacancy
−$7.6K −$3.31/SF
EGI
$41.4K $17.93/SF
− OpEx
−$10.3K −$4.48/SF
NOI
$31.0K $13.44/SF
Area
Richmond, VA
Vacancy
15.60%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,340
Cap Rate 7%
$443,100
Cap Rate 9%
$344,633
Alternative Uses
Best Use
Office B
$443.1K
$387.7K – $517.0K
NOI $31,017 @ 7.0% cap · market cap 8.27%
Second Best
Flex RnD
$248.3K
$217.3K – $289.7K
NOI $17,383 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$533.0K
$466.4K – $621.8K
NOI $37,310 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23235, VA
34,058
Population
14,973
Households
2.3
Avg Household Size
42
Median Age
50%
College-Educated
92%
High-School Grad
17.8 sq mi
ZIP Area
1,913
Density / Sq Mi
$89,959
Median Household Income
$54,403
Median Earnings
$1,663
Median Rent
$324,800
Median Home Value
Market
Vacancy Rate% for Office in Richmond, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial office/flex space for sale with convenient access to Richmond’s Manchester area and nearby dining and retail.
Where is this flex space located?
The property is located at 7621 Pocoshock Way Richmond, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,307 SF industrial office/flex space in the Manchester area of Richmond; Built in 1985; Located on 7621 Pocoshock Way with convenient access to major transportation routes
