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 Market51
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: Aug 8
Last Checked: Sep 2 at 1:23PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,353
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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%
