Flex Suite with Roll-Up
New
For Sale
$570,000
3619 Richmond Hwy, Stafford, VA 22554
Recently updated space combines private offices, open work areas, storage, and a rear loading door.
Property Size52,500 SF
Price / SF$230.77
Days on Market2
Property Features for 3619 Richmond Hwy
General Information
Standard status
Active
Size
52,500 SF
Property subtype
Office - General Office
Zoning
M1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Building Details
Building Size
52,500 SF
Year Built
2006
Listing Agency:
Coldwell Banker Commercial Elite
Listed By:
Ben Keddie
(540) 786-1402
Source:
Commercialcafe
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:14AM
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 Coldwell Banker Commercial Elite
Investment Insights
Based on property information with market context.
This 2,470 SF flex condominium suite pairs office areas with space for light industrial functions. The layout includes multiple private offices, open workstation areas, a kitchenette, and dedicated storage. A rear 14-foot roll-up door supports loading and delivery access. The suite was built in 2006 and recently renovated, and it is part of a 16-unit condominium property. M1 zoning applies.
The property is on Richmond Highway (Route 1) in Oakhill Business Park, south of Marine Corps Base Quantico. Interstate 95 is 2.5 miles away, with access from Exit 143 or Exit 148.
The property is on Richmond Highway (Route 1) in Oakhill Business Park, south of Marine Corps Base Quantico. Interstate 95 is 2.5 miles away, with access from Exit 143 or Exit 148.
Key Highlights
- 2,470 SF flex condominium suite
- Rear 14‑foot roll‑up door
- Multiple private offices, open workstation areas, kitchenette, and dedicated storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,693
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,860
$633.9K
Cap Rate 7%
$452,757
$452.8K
Cap Rate 9%
$352,144
$352.1K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$51.9K $21.00/SF
− Vacancy
−$3.1K −$1.26/SF
EGI
$48.8K $19.74/SF
− OpEx
−$17.1K −$6.91/SF
NOI
$31.7K $12.83/SF
Area
Stafford County, VA
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,860
Cap Rate 7%
$452,757
Cap Rate 9%
$352,144
Alternative Uses
Best Use
Flex RnD
$452.8K
$396.2K – $528.2K
NOI $31,693 @ 7.0% cap · market cap 5.56%
Second Best
Warehouse
$370.0K
$323.8K – $431.7K
NOI $25,903 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,034 @ 7.0% cap · market cap 16.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22554, VA
64,354
Population
20,861
Households
3.1
Avg Household Size
34
Median Age
45%
College-Educated
93%
High-School Grad
64.1 sq mi
ZIP Area
1,004
Density / Sq Mi
$148,268
Median Household Income
$65,672
Median Earnings
$2,000
Median Rent
$482,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Recently updated space combines private offices, open work areas, storage, and a rear loading door.
Where is this flex space located?
The property is located at 3619 Richmond Hwy Stafford, VA.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 2,470 SF flex condominium suite; Rear 14‑foot roll‑up door; Multiple private offices, open workstation areas, kitchenette, and dedicated storage
