Retail Building with Modular
For Sale
Contact for pricing
2825 S Crater Rd, Petersburg, VA 23805
Retail property with adaptable modular layout, suited for owner-occupant or client-facing office/medical use.
Property Size10,578 SF
Price / SF$122.90
Days on Market65
Property Features for 2825 S Crater Rd
General Information
Standard status
Active
Size
10,578 SF
Property subtype
RETAIL
Listing Agency:
One South Commercial
(434) 981-3146
Listed By:
Ann Schweitzer Riley
Source:
Moodyscre
Added: Jun 2
Changed: Jul 25
Last Checked: Jul 25 at 8:15PM
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 One South Commercial
Investment Insights
Based on property information with market context.
This retail building at 2825 S Crater Rd offers an adaptable, modular layout that can support a range of client-facing configurations. The property is described as well-suited for an owner occupant, with flexibility for uses that can function as office or medical space.
The location provides easy access to I-95 and is positioned in close proximity to the Petersburg new LIVE! casino, supporting continued retail and service activity in the surrounding area.
With approximately 10,578 square feet of space, the building is structured for tenants or owners looking for a flexible interior plan that can be tailored to their operational needs.
The location provides easy access to I-95 and is positioned in close proximity to the Petersburg new LIVE! casino, supporting continued retail and service activity in the surrounding area.
With approximately 10,578 square feet of space, the building is structured for tenants or owners looking for a flexible interior plan that can be tailored to their operational needs.
Key Highlights
- Adaptable modular layout suited for an owner‑occupant or client‑facing office/medical use
- Potential client‑facing space arrangement for office or medical users
- Easy access to I‑95
Financial Insights For Retail
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 | $180.2k | $17.04 |
| − Vacancy | −$15.3k | −$1.45 |
| EGI | $164.9k | $15.59 |
| − OpEx | −$49.5k | −$4.68 |
| NOI | $115.4k | $10.91 |
10,578 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,450 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,071 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 19%
Wawa
Shops & Services
42,203 visits/mo
0.3 miles
Sheetz
Shops & Services
40,746 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,117 visits/mo
0.5 miles
Little Caesars Pizza
Dining
6,390 visits/mo
0.4 miles
Dollar General
Shops & Services
6,164 visits/mo
0.2 miles
Demographics for 23805, VA
19,656
Population
9,272
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
90%
High-School Grad
71.5 sq mi
ZIP Area
275
Density / Sq Mi
$65,811
Median Household Income
$40,759
Median Earnings
$1,207
Median Rent
$208,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with adaptable modular layout, suited for owner-occupant or client-facing office/medical use.
Where is this retail space located?
The property is located at 2825 S Crater Rd Petersburg, VA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Adaptable modular layout suited for an owner‑occupant or client‑facing office/medical use; Potential client‑facing space arrangement for office or medical users; Easy access to I‑95
