Building Details

Year Built 1985

Listing Agency: Taylor Long Properties Show Phone

Listed By: Robert Marshall · License #0225192463 Show Phone

Source: Moodyscre

Added: Aug 19 Changed: Oct 4 Last Checked: Oct 5 at 5:58PM

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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 Taylor Long Properties

Investment Insights

Based on property information with market context.

This 2,307-square-foot flex property occupies 1.77 acres and includes industrial office space alongside a climate-controlled warehouse. A roll-up door supports functional access to the warehouse area, while the layout is identified for office or light-manufacturing use. The building dates to 1985 and carries M zoning.

The property is located at 7613 Pocoshock Way in North Chesterfield, Virginia, near major transportation routes and off Route 360. Route 360 is reported at 39,000 VPD, providing a defined transportation reference for the site. The combination of office, warehouse, climate control, and acreage creates a practical flex-space configuration for commercial operations.

Key Highlights

• 2,307 SF of flex space on 1.77 Acres
• Climate‑controlled warehouse with roll‑up door
• M zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,383

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,660 $347.7K

Cap Rate 7%

$248,329 $248.3K

Cap Rate 9%

$193,144 $193.1K

Market Conditions

NOI Build-Up for 2,307 SF

Gross rent

$29.1K $12.60/SF

− Vacancy

−$2.3K −$1.01/SF

EGI

$26.7K $11.59/SF

− OpEx

−$9.4K −$4.06/SF

NOI

$17.4K $7.53/SF

Area

Richmond, VA

Vacancy

8.00%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$347,660

Cap Rate 7%

$248,329

Cap Rate 9%

$193,144

Alternative Uses

Best Use

Flex RnD

$248.3K

$217.3K – $289.7K (±1% cap)

NOI $17,383 @ 7.0% cap · market cap 4.64%

Second Best

Industrial

$209.0K

$182.8K – $243.8K (±1% cap)

NOI $14,627 @ 7.0% cap · market cap 3.90%

Theoretical Best

Office A

$533.0K

$466.4K – $621.8K (±1% cap)

NOI $37,310 @ 7.0% cap · market cap 9.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

483

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 23235, VA

34,058

Population

14,973

Households

2.3

Avg Household Size

42

Median Age

50%

College-Educated

92%

High-School Grad

17.8 sq mi

ZIP Area

1,913

Density / Sq Mi

$89,959

Median Household Income

$54,403

Median Earnings

$1,663

Median Rent

$324,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial flex property combining office capability with a warehouse area and roll-up door.

Where is this flex space located?

The property is located at 7613 Pocoshock Way North Chesterfield, VA.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: 2,307 SF of flex space on 1.77 Acres; Climate‑controlled warehouse with roll‑up door; M zoning