Medical Office Condo
7501 Right Flank Rd Mechanicsville, VA 23116
For Sale
Contact for pricing
8,100± SF medical condo/offices with plumbing throughout, offered for sale or lease within Bell Creek Square.
Property Size8,100 SF
Price / SF$220
Days on Market583
Property Features for 7501 Right Flank Rd
General Information
Standard status
Active
Size
8,100 SF
Property subtype
OFFICE
Listing Agency:
Commonwealth Commercial
(804) 433-1817
Listed By:
Russell Wyatt · License #0225204938
Source:
Moodyscre
Added: Dec 23, 2024
Changed: Jul 26
Last Checked: Jul 29 at 12:59PM
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 Commonwealth Commercial
Investment Insights
Based on property information with market context.
An 8,100± SF medical condo/office suite is available for sale or lease. The space includes plumbing throughout and has been previously occupied by Virginia Cancer Institute. Suites are available in sizes ranging from 4,000 to 8,100± SF, providing flexibility for medical-related office requirements.
The property is located in the Bell Creek Square medical/office complex, less than 2 miles from I-295. Parking is available throughout the park with a ratio of 7.4 spaces per 1,000 SF, supporting convenient patient and staff access.
This professionally managed medical office development is positioned for ongoing medical use within a dedicated medical/office environment.
The property is located in the Bell Creek Square medical/office complex, less than 2 miles from I-295. Parking is available throughout the park with a ratio of 7.4 spaces per 1,000 SF, supporting convenient patient and staff access.
This professionally managed medical office development is positioned for ongoing medical use within a dedicated medical/office environment.
Key Highlights
- 8,100± SF medical condo/office space available for sale or lease
- Plumbing throughout; previously occupied by Virginia Cancer Institute
- Suites available from 4,000–8,100± SF
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 | $235.2k | $29.04 |
| − Vacancy | −$34.1k | −$4.21 |
| EGI | $201.1k | $24.83 |
| − OpEx | −$50.3k | −$6.21 |
| NOI | $150.8k | $18.62 |
8,100 SF · lease $29.04/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.15M
$1.89M – $2.51M
NOI $150,837 @ 7.0% cap · market cap 8.46%
Second Best
Healthcare Medical
$1.48M
$1.29M – $1.72M
NOI $103,343 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$2.44M
$2.13M – $2.85M
NOI $170,725 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - 8,100± SF medical condo/offices with plumbing throughout, offered for sale or lease within Bell Creek Square.
Where is this medical office space located?
The property is located at 7501 Right Flank Rd Mechanicsville, VA.
What is the asking price?
The asking price for this property is $1,782,000.
What are key features of this property?
This property features: 8,100± SF medical condo/office space available for sale or lease; Plumbing throughout; previously occupied by Virginia Cancer Institute; Suites available from 4,000–8,100± SF
