Office Space on Staples
For Sale
Contact for pricing
5603 Staples Mill Rd, Richmond, VA
Office space with full kitchen and various amenities for sale.
Property Size1,277 SF
Lot Size0.24 Acres
Price / SF$215.35
Days on Market1271
Property Features for 5603 Staples Mill Rd
General Information
Standard status
Active
Size
1,277 SF
Lot size
0.24 Acres
Property subtype
OFFICE
Listing Agency:
Partner Commercial
(804) 536-4001
Listed By:
Yasmine Hamad · License #0226028968
Source:
Moodyscre
Added: Feb 6, 2023
Changed: Jul 6
Last Checked: Jul 22 at 4:06AM
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 Partner Commercial
Investment Insights
Based on property information with market context.
This property features approximately 1,277 square feet of office space situated on approximately 0.24 acres. The layout includes a full kitchen and two closed offices, along with various amenities. The property is zoned M1. It benefits from high traffic volume, with approximately 36,000 vehicles per day on Staples Mill Road and approximately 124,200 vehicles per day on I-64 at the Dickens Exit.
Key Highlights
- ±1,277 SF Office Space available.
- High Traffic Location: 36,000 VPD on Staples Mill Rd.
- Convenient Access: 124,200 VPD from I‑64 @ Dickens Exit.
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 | $27.1k | $21.24 |
| − Vacancy | −$4.2k | −$3.31 |
| EGI | $22.9k | $17.93 |
| − OpEx | −$5.7k | −$4.48 |
| NOI | $17.2k | $13.44 |
1,277 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$245.3K
$214.6K – $286.2K
NOI $17,169 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.0K
$258.2K – $344.2K
NOI $20,652 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,655
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Richmond, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space with full kitchen and various amenities for sale.
Where is this office units located?
The property is located at 5603 Staples Mill Rd Richmond, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: ±1,277 SF Office Space available.; High Traffic Location: 36,000 VPD on Staples Mill Rd.; Convenient Access: 124,200 VPD from I‑64 @ Dickens Exit.
