Building Details

Building Size 30,858 SF

Year Built 1990

Listing Agency: Hogge Real Estate Inc

Listed By: Wendy Hogge · License #0225104842 Show Phone

Source: Hoggerealestate

Added: Feb 17, 2023 Changed: Oct 24 Last Checked: Oct 24 at 3:32PM

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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 Hogge Real Estate Inc

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Investment Insights

Based on property information with market context.

Built in 1990, this 30,858-square-foot office building offers multiple spaces in a range of sizes. Shared building amenities include a kitchen, restrooms, and an elevator, with additional storage in the basement. The property is zoned M1 and located at 501 Westover Ave in Hopewell, Virginia.

Key Highlights

• 30,858‑square‑foot office building
• Multiple office spaces offered in a range of sizes
• Shared kitchen, restrooms, and elevator

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Isi Inc General Contractor Insulation Specialties Inc General Contractor Consolidated Leasing General Contractor

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Hair Salon Kitchen & Bath Showroom Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

471

Businesses Nearby

Explore this area Business Placement

Demographics for 23860, VA

32,139

Population

12,254

Households

2.6

Avg Household Size

39

Median Age

14%

College-Educated

87%

High-School Grad

45.2 sq mi

ZIP Area

711

Density / Sq Mi

$55,104

Median Household Income

$36,663

Median Earnings

$1,103

Median Rent

$187,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Office configurations of varying sizes share kitchen, restroom, and elevator access.

Where is this office unit located?

The property is located at 501 Westover Ave Hopewell, VA.

What is the lease rate?

The lease rate is $1,000/Mo.

What are key features of this property?

This property features: 30,858‑square‑foot office building; Multiple office spaces offered in a range of sizes; Shared kitchen, restrooms, and elevator