Medical Office
For Sale
$732,000
5727 Allin Rd, Prince George, VA 23875
For sale medical/dental portfolio at 5727 Allin Rd in Prince George, Virginia, with a stated 7.15% return.
Property Size2,674 SF
Price / SF$273.75
Days on Market96
Property Features for 5727 Allin Rd
General Information
Standard status
Active
Size
2,674 SF
Property subtype
Single-Tenant Office Medical
Lease Type
NN
Additional Details
Cap Rate
7.15%
Amenities
Portfolio of Seven Single-Tenant Commonwealth Dentistry Locations in Virginia
Double Net Lease Through July 2033 with Annual 2.5 Percent Rent Increases
Corporate Guarantee: 60 Plus Locations in Three States
Over 52,000 Residents within Five Miles with Average Household Income of $78,985
Building Details
Building Size
2,674 SF
Listing Agency:
Marcus & Millichap - Milwaukee
Listed By:
Jeff Rowlett · License #License(s): WI: 74743-94, IL: 471.016866
(262) 364-1924
Source:
Marcusmillichap
Added: Jul 15
Changed: Oct 3
Last Checked: Oct 16 at 5:43AM
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 Marcus & Millichap - Milwaukee
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Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present for sale the Commonwealth Dentistry Portfolio, a medical office asset associated with dentistry. The offering is listed at $732,000.
The property is located at 5727 Allin Rd, Prince George, VA 23875, and the transaction materials reference a 7.15% figure as part of the presentation. The property size is listed as 2,674.
The property is located at 5727 Allin Rd, Prince George, VA 23875, and the transaction materials reference a 7.15% figure as part of the presentation. The property size is listed as 2,674.
Key Highlights
- Medical/dental portfolio for sale at 5727 Allin Rd in Prince George, Virginia
- Stated return of 7.15%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,353
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,060
$767.1K
Cap Rate 7%
$547,900
$547.9K
Cap Rate 9%
$426,144
$426.1K
Market Conditions
NOI Build-Up for 2,674 SF
Gross rent
$69.6K $26.04/SF
− Vacancy
−$5.7K −$2.14/SF
EGI
$63.9K $23.90/SF
− OpEx
−$25.6K −$9.56/SF
NOI
$38.4K $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%
$767,060
Cap Rate 7%
$547,900
Cap Rate 9%
$426,144
Alternative Uses
Best Use
Healthcare Medical
$547.9K
$479.4K – $639.2K
NOI $38,353 @ 7.0% cap · market cap 5.24%
Second Best
Office B
$513.6K
$449.4K – $599.2K
NOI $35,952 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,245 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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 - For sale medical/dental portfolio at 5727 Allin Rd in Prince George, Virginia, with a stated 7.15% return.
Where is this medical office space located?
The property is located at 5727 Allin Rd Prince George, VA.
What is the asking price?
The asking price for this property is $732,000.
What are key features of this property?
This property features: Medical/dental portfolio for sale at 5727 Allin Rd in Prince George, Virginia; Stated return of 7.15%
