Single-Level Medical Office
For Sale
$349,900
Pending
2801 Turner Rd, North Chesterfield, VA 23224
Functional layout includes a foyer, private offices, communal workspace, additional rooms, and two bathrooms.
Property Size1,950 SF
Lot Size0.57 Acres
Days on Market145
Property Features for 2801 Turner Rd
General Information
Standard status
Pending
Size
1,950 SF
Lot size
0.57 Acres
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
1,950 SF
Construction
brick
Listing Agency:
River City Elite Properties - Real Broker
(804) 594-6750
Listed By:
James Nay · License #0225221595
(804) 704-1944
Source:
Exprealty
Added: May 26
Changed: Oct 14
Last Checked: Oct 16 at 11:06AM
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 River City Elite Properties - Real Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 2801 Turner Rd in North Chesterfield, this single-level medical office property includes approximately 1,950 finished square feet on a .57-acre lot. The brick-front building features a foyer and lobby, several private offices, a large communal workspace, multiple additional rooms, and both a half bathroom and full bathroom. A 2,100 square foot concrete parking area supports on-site access.
The property has prominent signage along Turner Road and road visibility. Building improvements include a newer roof, vinyl energy-efficient windows, and a newer HVAC system. Previously operated as a veterinarian clinic, the interior configuration is adaptable for medical office, office, retail, and service-based uses as described in the property information.
The property has prominent signage along Turner Road and road visibility. Building improvements include a newer roof, vinyl energy-efficient windows, and a newer HVAC system. Previously operated as a veterinarian clinic, the interior configuration is adaptable for medical office, office, retail, and service-based uses as described in the property information.
Key Highlights
- Approximately 1,950 finished square feet on a .57‑acre lot
- 2,100 square foot concrete parking area
- Brick front with prominent signage along Turner Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,969
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,380
$559.4K
Cap Rate 7%
$399,557
$399.6K
Cap Rate 9%
$310,767
$310.8K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$50.8K $26.04/SF
− Vacancy
−$4.2K −$2.14/SF
EGI
$46.6K $23.90/SF
− OpEx
−$18.6K −$9.56/SF
NOI
$28.0K $14.34/SF
Area
Richmond, 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%
$559,380
Cap Rate 7%
$399,557
Cap Rate 9%
$310,767
Alternative Uses
Best Use
Healthcare Medical
$399.6K
$349.6K – $466.2K
NOI $27,969 @ 7.0% cap · market cap 7.99%
Second Best
Office B
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,536 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23224, VA
39,468
Population
18,201
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
80%
High-School Grad
11.6 sq mi
ZIP Area
3,402
Density / Sq Mi
$49,263
Median Household Income
$36,275
Median Earnings
$1,268
Median Rent
$189,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Jenny N. Larsen, DVM — 2801 Turner Rd, Richmond, VA 23224
- Pocoshock Animal Hospital — 2801 Turner Rd, North Chesterfield, VA 23224
Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional layout includes a foyer, private offices, communal workspace, additional rooms, and two bathrooms.
Where is this medical office space located?
The property is located at 2801 Turner Rd North Chesterfield, VA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Approximately 1,950 finished square feet on a .57‑acre lot; 2,100 square foot concrete parking area; Brick front with prominent signage along Turner Road
