Dental Office
For Sale
$1,202,000
6750 Forest Hill Ave, Richmond, VA 23225
For-sale medical office portfolio presented as the Commonwealth Dentistry Portfolio in Richmond, Virginia.
Property Size4,769 SF
Price / SF$252.04
Days on Market93
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Property Features for 6750 Forest Hill Ave
General Information
Standard status
Active
Size
4,769 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 241,000 Residents within Five Miles with Average Household Income of $106,014
Building Details
Building Size
4,769 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 6
Last Checked: Oct 14 at 7:45PM
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 the Commonwealth Dentistry Portfolio for sale in Virginia.
The offering is positioned as medical office space under a dentistry-focused portfolio format. The portfolio is located at 6750 Forest Hill Ave, Richmond, VA 23225.
Details regarding the number of buildings, suites, unit mix, or interior configuration are not provided in the materials available here, and potential buyers should review the offering documentation for a complete understanding of the property and lease details.
The offering is positioned as medical office space under a dentistry-focused portfolio format. The portfolio is located at 6750 Forest Hill Ave, Richmond, VA 23225.
Details regarding the number of buildings, suites, unit mix, or interior configuration are not provided in the materials available here, and potential buyers should review the offering documentation for a complete understanding of the property and lease details.
Key Highlights
- For‑sale medical office portfolio presented as the Commonwealth Dentistry Portfolio
- Located in Richmond, Virginia
- Listing references 7.15%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,401
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,020
$1.4M
Cap Rate 7%
$977,157
$977.2K
Cap Rate 9%
$760,011
$760.0K
Market Conditions
NOI Build-Up for 4,769 SF
Gross rent
$124.2K $26.04/SF
− Vacancy
−$10.2K −$2.14/SF
EGI
$114.0K $23.90/SF
− OpEx
−$45.6K −$9.56/SF
NOI
$68.4K $14.34/SF
Area
Richmond, 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%
$1,368,020
Cap Rate 7%
$977,157
Cap Rate 9%
$760,011
Alternative Uses
Best Use
Healthcare Medical
$977.2K
$855.0K – $1.14M
NOI $68,401 @ 7.0% cap · market cap 5.69%
Second Best
Office B
$916.0K
$801.5K – $1.07M
NOI $64,119 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.10M
$964.1K – $1.29M
NOI $77,126 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23225, VA
40,876
Population
21,545
Households
1.9
Avg Household Size
38
Median Age
41%
College-Educated
91%
High-School Grad
13.9 sq mi
ZIP Area
2,941
Density / Sq Mi
$60,865
Median Household Income
$43,550
Median Earnings
$1,311
Median Rent
$292,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Richmond, VA
Similar Off Market Nearby
- Scot Weakland's Mobile Vet — 3341 Pinebrook Dr, Richmond, VA 23225
Frequently Asked Questions
What type of property is this?
Medical Office Space - For-sale medical office portfolio presented as the Commonwealth Dentistry Portfolio in Richmond, Virginia.
Where is this medical office space located?
The property is located at 6750 Forest Hill Ave Richmond, VA.
What is the asking price?
The asking price for this property is $1,202,000.
What are key features of this property?
This property features: For‑sale medical office portfolio presented as the Commonwealth Dentistry Portfolio; Located in Richmond, Virginia; Listing references 7.15%
