Office
For Sale
$3,386,836
2025-2027 Waterside Rd, Prince George, VA 23875
Commercial office space is available for sale or lease.
Property Size7,451 SF
Price / SF$454.55
Days on Market93
Property Features for 2025-2027 Waterside Rd
General Information
Standard status
Active
Size
7,451 SF
Class
B
Property subtype
office
Properties For Sale
at 2025-2027 Waterside Rd
Available Space
Immediately
Floor
1
Size
7,451 SF
Type
Medical
Listing Agency:
Richmond
Listed By:
Charlie Polk · License #0225050460
(804) 200-6419
Source:
Property.jll
Added: Jul 16
Changed: Sep 14
Last Checked: Oct 16 at 6:10AM
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 Richmond
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Investment Insights
Based on property information with market context.
Office property at 2025-2027 Waterside Rd in Prince George, Virginia, offering 7,451 SF of available space. The property is being offered for either sale or lease, providing flexibility for an owner-user or office occupant.
Key Highlights
- 7,451 SF of available office space
- Sale or lease availability
- Located at 2025‑2027 Waterside Rd, Prince George, VA 23875
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,868
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,137,360
$2.1M
Cap Rate 7%
$1,526,686
$1.5M
Cap Rate 9%
$1,187,422
$1.2M
Market Conditions
NOI Build-Up for 7,451 SF
Gross rent
$194.0K $26.04/SF
− Vacancy
−$15.9K −$2.14/SF
EGI
$178.1K $23.90/SF
− OpEx
−$71.2K −$9.56/SF
NOI
$106.9K $14.34/SF
Area
Prince George County, VA
Vacancy
8.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,137,360
Cap Rate 7%
$1,526,686
Cap Rate 9%
$1,187,422
Alternative Uses
Best Use
Healthcare Medical
$1.53M
$1.34M – $1.78M
NOI $106,868 @ 7.0% cap · market cap 3.16%
Second Best
Office B
$1.43M
$1.25M – $1.67M
NOI $100,178 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,500 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 23875, VA
11,791
Population
5,013
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
35.6 sq mi
ZIP Area
331
Density / Sq Mi
$76,596
Median Household Income
$43,432
Median Earnings
$1,238
Median Rent
$254,200
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
Frequently Asked Questions
What type of property is this?
Office building - Commercial office space is available for sale or lease.
Where is this office building located?
The property is located at 2025-2027 Waterside Rd Prince George, VA.
What is the asking price?
The asking price for this property is $3,386,836.
What are key features of this property?
This property features: 7,451 SF of available office space; Sale or lease availability; Located at 2025‑2027 Waterside Rd, Prince George, VA 23875
