Single-Tenant Medical Office
For Sale
$4,500,000
4730 Puddledock Rd, Prince George, VA 23875
Leased to Virginia Cancer Institute under a Triple Net structure with scheduled rental escalations and renewal options.
Property Size10,320 SF
Price / SF$436.05
Days on Market95
Property Features for 4730 Puddledock Rd
General Information
Standard status
Active
Size
10,320 SF
Property subtype
Commercial
Building Details
Year Built
2015
Listing Agency:
RE/MAX Real Estate Connections
Listed By:
Zahid "Zach" Abbasi · License #0225082150
(703) 622-1974
Source:
Searchhomesinbuckscounty
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 28 at 8:26AM
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 RE/MAX Real Estate Connections
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Investment Insights
Based on property information with market context.
Built in 2015, this single-tenant medical office building is leased to Virginia Cancer Institute, Inc., an established healthcare provider. The property is subject to a Triple Net (NNN) lease, with approximately five years remaining in the current term and multiple renewal options. Scheduled rental escalations are included throughout the initial term and renewal periods.
The property is located at 4730 PUDDLEDOCK Rd in Prince George, Virginia. It has a walk score of 36 and a bike score of 35, classified as Car-Dependent and Somewhat Bikeable, respectively. The lease structure, remaining term, renewal options, and escalation schedule provide a defined framework for evaluating the medical office asset.
The property is located at 4730 PUDDLEDOCK Rd in Prince George, Virginia. It has a walk score of 36 and a bike score of 35, classified as Car-Dependent and Somewhat Bikeable, respectively. The lease structure, remaining term, renewal options, and escalation schedule provide a defined framework for evaluating the medical office asset.
Key Highlights
- Single‑tenant medical office building leased to Virginia Cancer Institute, Inc.
- Triple Net (NNN) lease structure
- Approximately five years remaining on the current lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,018
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,960,360
$3.0M
Cap Rate 7%
$2,114,543
$2.1M
Cap Rate 9%
$1,644,644
$1.6M
Market Conditions
NOI Build-Up for 10,320 SF
Gross rent
$268.7K $26.04/SF
− Vacancy
−$22.0K −$2.14/SF
EGI
$246.7K $23.90/SF
− OpEx
−$98.7K −$9.56/SF
NOI
$148.0K $14.34/SF
Area
Prince George County, VA
Vacancy
8.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,960,360
Cap Rate 7%
$2,114,543
Cap Rate 9%
$1,644,644
Alternative Uses
Best Use
Healthcare Medical
$2.11M
$1.85M – $2.47M
NOI $148,018 @ 7.0% cap · market cap 3.29%
Second Best
Office B
$1.98M
$1.73M – $2.31M
NOI $138,752 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$2.38M
$2.09M – $2.78M
NOI $166,899 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 23875, VA
11,791
Population
5,013
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
35.6 sq mi
ZIP Area
331
Density / Sq Mi
$76,596
Median Household Income
$43,432
Median Earnings
$1,238
Median Rent
$254,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased to Virginia Cancer Institute under a Triple Net structure with scheduled rental escalations and renewal options.
Where is this medical office space located?
The property is located at 4730 Puddledock Rd Prince George, VA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Single‑tenant medical office building leased to Virginia Cancer Institute, Inc.; Triple Net (NNN) lease structure; Approximately five years remaining on the current lease term
