Multi-Tenant Office
3601 Boulevard Colonial Heights, VA 23834
New
For Sale
$1,350,000
Well-maintained brick office building with a professional lobby and ample parking, offering three multi-tenant units.
Property Size6,378 SF
Price / SF$211.67
Days on Market4
Property Features for 3601 Boulevard
General Information
Standard status
Active
Size
6,378 SF
Property subtype
Office - General Office
Building Details
Year Built
1988
Listing Agency:
Taylor Long Properties
(804) 864-9788
Listed By:
Robert Marshall · License #0225192463
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 4:36AM
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 Taylor Long Properties
Investment Insights
Based on property information with market context.
This well-maintained multi-tenant office building at 3601 Boulevard includes 3 units within a total 6,378 SF building constructed in 1988. The exterior features a maintained brick design, and the property includes a professional lobby intended for tenant and visitor arrivals.
Located in Colonial Heights, the property is positioned off Rte. 1 with convenient access to I-95. The surrounding area includes retail, dining, and entertainment options, with Southpark Mall referenced nearby.
The building’s configuration supports office operations, supported by on-site parking, efficient circulation, and an overall setup designed for contemporary tenant needs.
Located in Colonial Heights, the property is positioned off Rte. 1 with convenient access to I-95. The surrounding area includes retail, dining, and entertainment options, with Southpark Mall referenced nearby.
The building’s configuration supports office operations, supported by on-site parking, efficient circulation, and an overall setup designed for contemporary tenant needs.
Key Highlights
- 6,378 SF, multi‑tenant office building built in 1988 with 3 units
- Well‑maintained brick exterior with a professional lobby
- Ample parking and efficient circulation for tenant and visitor access
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 | $135.5k | $21.24 |
| − Vacancy | −$21.1k | −$3.31 |
| EGI | $114.3k | $17.93 |
| − OpEx | −$28.6k | −$4.48 |
| NOI | $85.8k | $13.44 |
6,378 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,752 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,147 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained brick office building with a professional lobby and ample parking, offering three multi-tenant units.
Where is this office building located?
The property is located at 3601 Boulevard Colonial Heights, VA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 6,378 SF, multi‑tenant office building built in 1988 with 3 units; Well‑maintained brick exterior with a professional lobby; Ample parking and efficient circulation for tenant and visitor access
