Multi-Tenant Flex Office
3941 Deep Rock Road Richmond, VA 23233
3941 Deep Rock Road, Richmond, VA, 23233
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For Sale
Contact for pricing
Multi-tenant flex office and industrial asset anchored by a lease with National Seating & Mobility.
Property Size20,615 SF
Price / SF$184.33
Days on Market87
Property Features for 3941 Deep Rock Road
General Information
- Standard status
- Active
- Size
- 20,615 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing agency
Sands Investment Group Austin
Listed by
Austin Marsh · License #TX 734360
Source
Crexi
Added: Apr 27 Updated: Jul 21 at 7:01PM Checked: Jul 21 at 7:01PM
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 Sands Investment Group Austin
Investment Insights
Based on property information with market context.
This multi-tenant flex office and industrial asset is offered for sale as an income-producing property with an existing lease in place. The offering includes flex office and industrial space configured to support a range of business operations within a shared, multi-tenant environment.
The property is located at 3941 Deep Rock Road in Richmond, Virginia, in the core Henrico submarket. The asset is anchored by National Seating & Mobility, which is described in the remarks as a leader in custom wheelchair and chair lift solutions.
The property is presented as a flex-office and industrial investment opportunity with a defined tenant anchor, supported by the leased occupancy referenced in the public remarks.
The property is located at 3941 Deep Rock Road in Richmond, Virginia, in the core Henrico submarket. The asset is anchored by National Seating & Mobility, which is described in the remarks as a leader in custom wheelchair and chair lift solutions.
The property is presented as a flex-office and industrial investment opportunity with a defined tenant anchor, supported by the leased occupancy referenced in the public remarks.
Key Highlights
- Multi‑tenant flex office and industrial asset at 3941 Deep Rock Rd, Richmond, VA
- Built in 1987
- Anchored by a lease with National Seating & Mobility
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 | $437.9k | $21.24 |
| − Vacancy | −$68.3k | −$3.31 |
| EGI | $369.6k | $17.93 |
| − OpEx | −$92.4k | −$4.48 |
| NOI | $277.2k | $13.44 |
20,615 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.96M
$3.46M – $4.62M
NOI $277,167 @ 7.0% cap · market cap 7.29%
Second Best
Warehouse
$2.80M
$2.45M – $3.26M
NOI $195,764 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$4.76M
$4.17M – $5.56M
NOI $333,393 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
West End CrossFit
Gym & Fitness Center
Taylor & Parrish Inc
Construction Company
National Seating & Mobility
Mobility Equipment Supplier
COPD 360 Solutions
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Firehouse Subs Innsbrook — 4028 Cox Rd K, Glen Allen, VA 23060
- Publix Catering at Westpark Shopping Center — 9645 W Broad St, Glen Allen, VA 23060
- SweetTooth Ice Cream & Funnel Cakes Truck RVA — 3900 Westerre Pkwy, Richmond, VA 23233
FAQs
What type of property is this?
Flex space - Multi-tenant flex office and industrial asset anchored by a lease with National Seating & Mobility.
Where is this flex space located?
The property is located at 3941 Deep Rock Road Richmond, VA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Multi‑tenant flex office and industrial asset at 3941 Deep Rock Rd, Richmond, VA; Built in 1987; Anchored by a lease with National Seating & Mobility
