26 S Greenway Ave, Boyce, VA 22620

Building Details

Building Size 4,000 SF More

Listing Agency: Cleveland Office

Listed By: Billy Skoch · License #License(s): OH: SAL.2021008491 Show Phone

Source: Marcusmillichap

Added: Sep 16 Changed: Nov 3 Last Checked: Nov 8 at 2:11AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 4,000-square-foot medical office property is configured as a single-tenant veterinary facility at 26 S Greenway Ave in Boyce, Virginia. The building is occupied by Mission Pet Health, a national veterinary provider, and is fully leased.

The lease has 2.9 years remaining and includes two five-year renewal options. Lease obligations are structured as NN and carry a corporate guarantee, providing clearly defined tenancy and contractual continuity for the property.

Key Highlights

• 4,000 SF single‑tenant veterinary facility
• 100% leased to Mission Pet Health
• 2.9 years remaining on the current lease

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,742

Cap Rate

7.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,254,840 $1.3M

Cap Rate 7%

$896,314 $896.3K

Cap Rate 9%

$697,133 $697.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$111.8K $27.96/SF

− Vacancy

−$7.3K −$1.82/SF

EGI

$104.6K $26.14/SF

− OpEx

−$41.8K −$10.46/SF

NOI

$62.7K $15.69/SF

Area

Clarke County, VA

Vacancy

6.50%

Lease Rate

$27.96 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,254,840

Cap Rate 7%

$896,314

Cap Rate 9%

$697,133

Alternative Uses

Best Use

Healthcare Medical

$896.3K

$784.3K – $1.05M (±1% cap)

NOI $62,742 @ 7.0% cap · market cap 7.92%

Second Best

Office B

$765.1K

$669.5K – $892.6K (±1% cap)

NOI $53,557 @ 7.0% cap · market cap 6.76%

Theoretical Best

Specialty Retail

$2.22M

$1.94M – $2.59M (±1% cap)

NOI $155,520 @ 7.0% cap · market cap 19.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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

Open Analytics

Current Use

Roseville Veterinary Clinic Veterinary Clinic Roseville Veterinary Clinic: ... Veterinary Clinic Roseville Veterinary Clinic: ... Veterinary Clinic Bosley Jayme DVM Veterinary Clinic

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Real Estate Agency

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

Location Intelligence

Trade Area within ½ mile

64

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 22620, VA

2,595

Population

1,127

Households

2.3

Avg Household Size

48

Median Age

42%

College-Educated

88%

High-School Grad

45.7 sq mi

ZIP Area

57

Density / Sq Mi

$112,446

Median Household Income

$50,625

Median Earnings

$1,230

Median Rent

$494,600

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

Similar Off Market Nearby

• Roseville Veterinary Clinic — 26 S Greenway Ave, Boyce, VA 22620
• Roseville Veterinary Clinic: Longhofer Kristen DVM — 26 S Greenway Ave, Boyce, VA 22620
• Bosley Jayme DVM — 26 S Greenway Ave, Boyce, VA 22620
• Roseville Veterinary Clinic: Papier Leah DVM — 26 S Greenway Ave, Boyce, VA 22620

Frequently Asked Questions

What type of property is this?

Medical Office Space - Veterinary medical facility occupied under a corporate-guaranteed NN lease with renewal options.

Where is this medical office space located?

The property is located at 26 S Greenway Ave Boyce, VA.

What is the asking price?

The asking price for this property is $792,000.

What are key features of this property?

This property features: 4,000 SF single‑tenant veterinary facility; 100% leased to Mission Pet Health; 2.9 years remaining on the current lease