Freestanding Office
3121 E Boundary Ct Midlothian, VA 23112
3121 E Boundary Ct, Midlothian, VA, 23112
$1,150,000
For Sale
$1,150,000
Freestanding office building on 1.13 acres with built-in 1982 improvements and 30+ parking spaces.
Property Size8,533 SF
Lot Size1.13 Acres
Price / SF$134.77
Days on Market11
Property Features for 3121 E Boundary Ct
General Information
- Standard status
- Active
- Size
- 8,533 SF
- Lot size
- 1.13 Acres
- Property subtype
- office
Listing agency
Richmond
(757) 715-0656
Listed by
Kaylin Farruggio · License #0225253580
(757) 715-0656
Source
Property.jll
Added: Jul 11 Updated: Jul 21 at 5:00PM Checked: Jul 21 at 5:00PM
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 Richmond
Investment Insights
Based on property information with market context.
Freestanding office building within the Brandermill Trade Center, built in 1982. The property includes office space in a dedicated building setting and provides over 30 parking spaces for tenant and visitor use.
The property is located at 3121 E Boundary Ct in Midlothian, VA, with quick, easy access to 288, Powhite Parkway, Hull Street, and Genito Rd. It is minutes from nearby amenities.
Offered for sale, the building is listed at 8,533 square feet and sits on 1.13 acres.
The property is located at 3121 E Boundary Ct in Midlothian, VA, with quick, easy access to 288, Powhite Parkway, Hull Street, and Genito Rd. It is minutes from nearby amenities.
Offered for sale, the building is listed at 8,533 square feet and sits on 1.13 acres.
Key Highlights
- Freestanding office building in Brandermill Trade Center at 3121 E Boundary Ct
- Situated on 1.13 acres; built in 1982 with built‑in office improvements
- Over 30 parking spaces for tenants and visitors
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 | $145.4k | $17.04 |
| − Vacancy | −$20.5k | −$2.40 |
| EGI | $124.9k | $14.64 |
| − OpEx | −$31.2k | −$3.66 |
| NOI | $93.7k | $10.98 |
8,533 SF · lease $17.04/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,675 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$17.10M
$14.96M – $19.95M
NOI $1,196,743 @ 7.0% cap · market cap 104.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Action Technology, Inc.
Employment Agency
Clover Hill High ...
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Freestanding office building on 1.13 acres with built-in 1982 improvements and 30+ parking spaces.
Where is this office building located?
The property is located at 3121 E Boundary Ct Midlothian, VA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Freestanding office building in Brandermill Trade Center at 3121 E Boundary Ct; Situated on 1.13 acres; built in 1982 with built‑in office improvements; Over 30 parking spaces for tenants and visitors
