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Two-Building Office Property
New
For Sale
$2,100,000

2003 2007 Graves Mill Rd., Forest, VA 24551

Separate office buildings offer a mix of established occupancy, recently leased space, and owner use.

Property Size10,300 SF
Lot Size1.40 Acres
Price / SF$203.88
Days on Market7

Property Features for 2003 2007 Graves Mill Rd.

General Information

Standard status Active
Size 10,300 SF
Lot size 1.40 Acres
Property subtype Office
Zoning PID

Additional Details

Road Access Yes
Office Units 4

Building Details

Building Size 10,300 SF
Year Built 1997
Buildings 2
Tenancy Multi
Owner Occupied Yes
Listing Agency: Coldwell Banker Commercial Read & Co.
Listed By: Ricky Read · License #0226023041
Source: Cbcworldwide
Added: Oct 9 Changed: Oct 13 Last Checked: Oct 14 at 7:38PM

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 Coldwell Banker Commercial Read & Co.

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Investment Insights

Based on property information with market context.

Two office buildings provide approximately 10,300 square feet of space on a 1.40-acre site. The property was built in 1997 and is zoned PID. One building has been expanded to support Centra’s occupancy, which began in 2002; the second building contains three rental units.

Two units in the three-unit building have recently been leased, while the remaining unit is occupied by the owner. The site has ample parking and straightforward ingress and egress.

Key Highlights

  • Two office buildings totaling approximately 10,300 sq. ft. on 1.40 acres
  • Built in 1997; zoned PID
  • One building expanded during Centra’s occupancy, which began in 2002

Property Analytics

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Current Use

David Carter - Prudential ... Financial Advisor Central Virginia Home ... Publishing House Derek St.Clair - Prudential ... Financial Advisor Prudential Financial Financial Advisor W. R. GRACHAN ... Accounting Firm

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Big Box & Wholesale Store Grocery & Convenience Store Storage Facility Electrical Service

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

4
Office units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

711
Businesses Nearby

Demographics for 24551, VA

25,601
Population
10,844
Households
2.4
Avg Household Size
42
Median Age
47%
College-Educated
96%
High-School Grad
74.2 sq mi
ZIP Area
345
Density / Sq Mi
$91,119
Median Household Income
$49,846
Median Earnings
$1,087
Median Rent
$345,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - Separate office buildings offer a mix of established occupancy, recently leased space, and owner use.
Where is this office building located?
The property is located at 2003 2007 Graves Mill Rd. Forest, VA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two office buildings totaling approximately 10,300 sq. ft. on 1.40 acres; Built in 1997; zoned PID; One building expanded during Centra’s occupancy, which began in 2002
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