Versatile Commercial Property with
3607 Woodlawn St Hopewell, VA 23860
For Sale
$800,000
Commercial property featuring a garage, office, and essential amenities.
Property Size3,128 SF
Price / SF$255.75
Days on Market95
Property Features for 3607 Woodlawn St
General Information
Standard status
Active
Size
3,128 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
Ingram & Assoc. Real Estate Co., Inc
(804) 720-9494
Listed By:
Riley Ingram · License #0225107068
(804) 720-9494
Source:
Elliman
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 28 at 1:44PM
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 Ingram & Assoc. Real Estate Co., Inc
Investment Insights
Based on property information with market context.
This versatile commercial property features a 3-bay garage suitable for automotive services, storage, or light industrial applications. The 3,128 square foot metal building includes a full bathroom, a half bathroom, a kitchen, and a dedicated office space, making it suitable for a small business. The property also features a 34 by 100 foot asphalt parking lot. The location has a bike score of 36, indicating it is somewhat bikeable, and a walk score of 26, indicating car dependence.
Key Highlights
- 3‑bay garage ideal for automotive, storage, or light industrial applications.
- Includes a full bathroom, half bathroom, and kitchen.
- Dedicated office space for business operations.
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 | $53.3k | $17.04 |
| − Vacancy | −$4.5k | −$1.45 |
| EGI | $48.8k | $15.59 |
| − OpEx | −$14.6k | −$4.68 |
| NOI | $34.1k | $10.91 |
3,128 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$487.7K
$426.7K – $569.0K
NOI $34,139 @ 7.0% cap · market cap 4.27%
Second Best
Flex RnD
$336.7K
$294.6K – $392.8K
NOI $23,569 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$722.7K
$632.3K – $843.1K
NOI $50,587 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- AUTO & MARINE UPHOLSTERY — 3607 Woodlawn St, Hopewell, VA 23860
- Taylor's Auto Services Inc — 3501 Woodlawn St, Hopewell, VA 23860
- Cole's Auto Repair — 910 Sycamore St, Hopewell, VA 23860
- Hotsy of Virginia — 3601 Oaklawn Blvd, Hopewell, VA 23860
- Lynch's Small Engine Repair — 3404 Virginia St, Hopewell, VA 23860
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property featuring a garage, office, and essential amenities.
Where is this auto shop located?
The property is located at 3607 Woodlawn St Hopewell, VA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3‑bay garage ideal for automotive, storage, or light industrial applications.; Includes a full bathroom, half bathroom, and kitchen.; Dedicated office space for business operations.
