Office Building with Covered
For Sale
Contact for pricing
1650 Willow Lawn Dr, Richmond, VA 23230
Features include a covered drive-through, elevator, and an exterior drive-through ATM opening.
Property Size17,749 SF
Price / SF$166.21
Days on Market34
Property Features for 1650 Willow Lawn Dr
General Information
Standard status
Active
Size
17,749 SF
Total Parking Spaces
75
Elevators
Yes
Property subtype
OFFICE
Amenities
existing covered drive-thru
great signage opportunities
existing opening for exterior drive-thru ATM
Listing Agency:
S.L. Nusbaum Realty Co - Corporate
(804) 759-5970
Listed By:
Andrew Brodie · License #0225205935
(804) 759-5970
Source:
Moodyscre
Added: Jun 30
Changed: Aug 1
Last Checked: Aug 1 at 2:31AM
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 S.L. Nusbaum Realty Co - Corporate
Investment Insights
Based on property information with market context.
Located at 1650 Willow Lawn Dr in Richmond, Virginia, this office building contains 17,749 square feet and includes an existing covered drive-through. The property also has an elevator, 75 parking spaces, and an exterior opening designed for a drive-through ATM.
Signage opportunities are available, and the property is situated in the Willow Lawn area. The combination of office space, dedicated parking, vertical access, and existing drive-through infrastructure provides a defined physical configuration for commercial use.
Signage opportunities are available, and the property is situated in the Willow Lawn area. The combination of office space, dedicated parking, vertical access, and existing drive-through infrastructure provides a defined physical configuration for commercial use.
Key Highlights
- 17,749‑square‑foot office building at 1650 Willow Lawn Dr, Richmond, VA 23230
- Existing covered drive‑through
- 75 parking spaces
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 | $377.0k | $21.24 |
| − Vacancy | −$58.8k | −$3.31 |
| EGI | $318.2k | $17.93 |
| − OpEx | −$79.5k | −$4.48 |
| NOI | $238.6k | $13.44 |
17,749 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.41M
$2.98M – $3.98M
NOI $238,634 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.59M – $4.78M
NOI $287,043 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,192
Businesses Nearby
Explore this area
Business Placement
Demographics for 23230, VA
8,263
Population
5,066
Households
1.6
Avg Household Size
35
Median Age
52%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
1,922
Density / Sq Mi
$71,189
Median Household Income
$55,121
Median Earnings
$1,608
Median Rent
$343,500
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?
Office building - Features include a covered drive-through, elevator, and an exterior drive-through ATM opening.
Where is this office building located?
The property is located at 1650 Willow Lawn Dr Richmond, VA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 17,749‑square‑foot office building at 1650 Willow Lawn Dr, Richmond, VA 23230; Existing covered drive‑through; 75 parking spaces
