Medical Office
2373 Colony Crossing Pl Midlothian, VA 23112
New
2373 Colony Crossing Pl, Midlothian, VA, 23112
$716,000
For Sale
$716,000
Medical office portfolio offered for sale with a total area of 2,201 square feet.
Property Size2,201 SF
Price / SF$325.31
Days on Market4
Property Features for 2373 Colony Crossing Pl
General Information
- Standard status
- Active
- Size
- 2,201 SF
- Property subtype
- Single-Tenant Office Medical
Listing Agency
Marcus & Millichap
(262) 364-1924
Listed by
Jeff R. Rowlett · License #License(s): WI: 74743-94, IL: 471.016866
(262) 364-1924
Source
Marcusmillichap
Added: Jul 15 Checked: Jul 17 at 2:16 am
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
Marcus & Millichap presents the Commonwealth Dentistry Portfolio for sale. The offering includes a total of 2,201 square feet of medical office space, presented as a portfolio transaction.
The property is located at 2373 Colony Crossing Pl in Midlothian, Virginia. The list price is $716,000.
The property is located at 2373 Colony Crossing Pl in Midlothian, Virginia. The list price is $716,000.
Key Highlights
- Medical office portfolio for sale in Virginia
- Total area: 2,201 SF
- Offered with an 8.50% return (as stated in the remarks)
Local 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 | $37.5k | $17.04 |
| − Vacancy | −$5.3k | −$2.40 |
| EGI | $32.2k | $14.64 |
| − OpEx | −$8.1k | −$3.66 |
| NOI | $24.2k | $10.98 |
2,201 SF · lease $17.04/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$4.41M
$3.86M – $5.14M
NOI $308,688 @ 7.0% cap · market cap 43.11%
Second Best
Office B
$345.2K
$302.0K – $402.7K
NOI $24,163 @ 7.0% cap · market cap 3.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commonwealth Dentistry
Dental Office
Dr. Clinton Meadows
Dental Office
Mathew Stafford
Dental Office
Genevieve D Papcun
Dental Office
Dr. Margaret Woodard
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Virginia Veterinary Centers - Midlothian — 2460 Colony Crossing Pl, Midlothian, VA 23112
- Swift Creek Animal Hospital & Pet Resort — 2331 Colony Crossing Pl, Midlothian, VA 23112
- Phelps Kevin DVM — 2331 Colony Crossing Pl, Midlothian, VA 23112
FAQs
What type of property is this?
Medical Office Space - Medical office portfolio offered for sale with a total area of 2,201 square feet.
Where is this medical office space located?
The property is located at 2373 Colony Crossing Pl Midlothian, VA.
What is the asking price?
The asking price for this property is $716,000.
What are key features of this property?
This property features: Medical office portfolio for sale in Virginia; Total area: 2,201 SF; Offered with an 8.50% return (as stated in the remarks)
