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    Medical Condo/Office For Sale Title is generated by Realmo AI

    7501 Right Flank Rd, Mechanicsville, VA

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    8,100 SF medical condo/office in Bell Creek Square.

    Type:OFFICE
    Property size:
    8,100 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $220/SF
    Added:
    Dec 23, 2024
    Days on Market:
    541
    Last Refresh:
    May 20 at 9:19 pm

    Property Features for 7501 Right Flank Rd

    General Information

    Standard status
    Active
    Size
    8,100 SF
    Lot size
    0.22 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 7501 Right Flank Rd Contact us

    We can help!

    Listing Contact
    Russell Wyatt
    Russell Wyatt

    Listing agent Russell Wyatt

    Listing office Commonwealth Commercial

    Listing date Dec 23, 2024

    Source Moodyscre

    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 Commonwealth Commercial

    HighLights

    • 8,100± SF medical condo/office available for sale or lease.
    • Ideal for medical tenant, previously occupied by Virginia Cancer Institute with plumbing throughout.
    • Located in the Bell Creek Square medical/office complex, less than 2 miles from I‑295.
    • Superb parking ratios throughout park (7.4 spaces/1,000 SF).
    • Professionally managed medical office development.
    • Sale price: $1,782,000 ($220/SF).

    Overview

    An 8,100 square foot medical condo/office is available for sale or lease. Suites range from 4,000 to 8,100 square feet. The property is suitable for a medical tenant and was previously occupied by the Virginia Cancer Institute, featuring plumbing throughout. It is located in the Bell Creek Square medical/office complex, less than 2 miles from I-295. The property benefits from a parking ratio of 7.4 spaces per 1,000 square feet. The medical office development is professionally managed.

    Local 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 $235.2k $29.04
    − Vacancy −$34.1k −$4.21
    EGI $201.1k $24.83
    − OpEx −$50.3k −$6.21
    NOI $150.8k $18.62
    8,100 SF · lease $29.04/SF/yr · vacancy 14.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.15M
    $1.89M – $2.51M (±1% cap)
    NOI $150,837 @ 7.0% cap · market cap 8.46%
    Second Best
    Healthcare Medical
    $1.48M
    $1.29M – $1.72M (±1% cap)
    NOI $103,343 @ 7.0% cap · market cap 5.80%
    Theoretical Best
    Office A
    $2.44M
    $2.13M – $2.85M (±1% cap)
    NOI $170,725 @ 7.0% cap · market cap 9.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Seaborn M. ... Physician Maurice C. Schwarz, ... Physician Smith Alison K Medical Clinic Miller Pamela A Physician Dr. Purvi Shah Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsville
    County
    Hanover
    State
    Virginia
    Longitude
    -77.3525
    Latitude
    37.6354

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    FAQs

    What type of property is this?
    Medical Office Space - 8,100 SF medical condo/office in Bell Creek Square.
    Where is this medical office space located?
    The property is located at 7501 Right Flank Rd Mechanicsville, VA.
    What is the asking price?
    The asking price for this property is $1,782,000.
    What are key features of this property?
    This property features: 8,100± SF medical condo/office available for sale or lease.; Ideal for medical tenant, previously occupied by Virginia Cancer Institute with plumbing throughout.; Located in the Bell Creek Square medical/office complex, less than 2 miles from I‑295.
    (804) 346-4966 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Russell Wyatt
    Russell Wyatt
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