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Office Building Near Medical Campus
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2820 Waterford Lake Drive, Midlothian, VA 23112

Office and medical tenancy occupies most of this professionally configured property.

Property Size45,713 SF
Days on Market144

Property Features for 2820 Waterford Lake Drive

General Information

Standard status Active
Size 45,713 SF
Net Rentable 45,713 SF
Property subtype Office
Occupancy 83%

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Building Size 45,713 SF
Tenancy Multi
Listing Agency: Newmark Richmond
Listed By: Will Bradley · License #VA 225194048
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 8:01PM

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 Newmark Richmond

Investment Insights

Based on property information with market context.

Waterford I is a 45,713-square-foot office building with office and medical tenants in place. Occupancy stands at 83.1%, and the weighted average remaining lease term is 3.66 years, providing a defined existing lease profile with near-term rollover exposure.

The property is located off Charter Colony Pkwy with direct access to the interchange of Route 76 (Powhite Parkway) and Route 288. It is adjacent to the expanding Bon Secours St. Francis Medical Campus, connecting the building to an established medical-office setting within Midlothian’s Southwest Quadrant.

Key Highlights

  • 45,713 rentable square feet of office space
  • 83.1% occupied by office and medical tenants
  • 3.66‑year weighted average remaining lease term

Property Analytics

Current Use

Fedyszen Anne C ... Physician Family Behavioral Crisis Center Ashley Redden Physician Kelly Nixon Physician Eric Jorde Physician

Suggested Use

Top Pick Law Firm Auto Repair Shop Building Supply Auto Parts Store Restaurant Pharmacy

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

83.1%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 23112, VA

54,592
Population
21,511
Households
2.5
Avg Household Size
39
Median Age
50%
College-Educated
97%
High-School Grad
32.1 sq mi
ZIP Area
1,701
Density / Sq Mi
$117,716
Median Household Income
$57,772
Median Earnings
$1,706
Median Rent
$366,500
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
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Frequently Asked Questions

What type of property is this?
Office building - Office and medical tenancy occupies most of this professionally configured property.
Where is this office building located?
The property is located at 2820 Waterford Lake Drive Midlothian, VA.
What are key features of this property?
This property features: 45,713 rentable square feet of office space; 83.1% occupied by office and medical tenants; 3.66‑year weighted average remaining lease term
More about this property
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