Office-Retail Building with Multiple
200 E Nine Mile Rd Highland Springs, VA 23075
For Sale
$400,000
Commercial B1 building offers multiple lobby entrances, up to nine offices, open space, storage, three restrooms, and three HVAC units.
Property Size2,600 SF
Price / SF$153.85
Days on Market89
Property Features for 200 E Nine Mile Rd
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency:
Groome Brothers Realty Co
(804) 690-6059
Listed By:
Carl Shawler
(804) 690-6059
Source:
Elliman
Added: Apr 27
Changed: Jul 23
Last Checked: Jul 23 at 10:50AM
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 Groome Brothers Realty Co
Investment Insights
Based on property information with market context.
This commercial B1 building totals 2,600 square feet and is configured for office and retail use. The space includes three lobby areas with separate entrances, up to nine separate offices, two large corner offices, and additional large open area. There are areas designated for storage, three restrooms, three separate HVAC units, and three electric meters.
The property includes a paved and marked parking lot and is located on a major thoroughfare with public transportation between Sandston and Richmond City. Bike and walk scores indicate a more car-dependent setting.
A portion of the building is currently leased with upcoming renewal options, providing defined in-place occupancy while the remaining space can be positioned for future use.
The property includes a paved and marked parking lot and is located on a major thoroughfare with public transportation between Sandston and Richmond City. Bike and walk scores indicate a more car-dependent setting.
A portion of the building is currently leased with upcoming renewal options, providing defined in-place occupancy while the remaining space can be positioned for future use.
Key Highlights
- 2600 SF commercial building zoned B1
- Multiple customer/office entries: 3 lobby spaces with separate entrances
- Flexible layout with up to 9 separate offices plus large corner offices and additional open area
Financial Insights For 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 | $46.8k | $18.00 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $44.5k | $17.10 |
| − OpEx | −$13.3k | −$5.13 |
| NOI | $31.1k | $11.97 |
2,600 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$444.6K
$389.0K – $518.7K
NOI $31,122 @ 7.0% cap · market cap 7.78%
Second Best
Office B
$405.5K
$354.8K – $473.1K
NOI $28,385 @ 7.0% cap · market cap 7.10%
Theoretical Best
Specialty Retail
$678.2K
$593.5K – $791.3K
NOI $47,477 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Deuce Customs
Auto Repair Shop
Groome Brothers Realty ...
Real Estate Agency
DC COINS
(Bike/Boat/Book/etc) Store
Hager Resimercial by ...
Real Estate Agency
Old Forge Tax ...
Accounting Firm
FAQs
What type of property is this?
Office units - Commercial B1 building offers multiple lobby entrances, up to nine offices, open space, storage, three restrooms, and three HVAC units.
Where is this office units located?
The property is located at 200 E Nine Mile Rd Highland Springs, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2600 SF commercial building zoned B1; Multiple customer/office entries: 3 lobby spaces with separate entrances; Flexible layout with up to 9 separate offices plus large corner offices and additional open area
