Climate-Controlled Flex
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7613 Pocoshock Way, North Chesterfield, VA 23235
Industrial flex property combining office capability with a warehouse area and roll-up door.
Property Size2,307 SF
Lot Size1.77 Acres
Price / SF$162.55
Days on Market4
Property Features for 7613 Pocoshock Way
General Information
Standard status
Active
Size
2,307 SF
Lot size
1.77 Acres
Property subtype
FLEX_R_AND_D
Zoning
M
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
1985
Listing Agency:
Taylor Long Properties
(804) 437-4323
Listed By:
Robert Marshall · License #0225192463
(804) 437-4323
Source:
Moodyscre
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 22 at 6:47AM
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.
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 = 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
$17,383
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
4.64%
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%
$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
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
$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 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%
$347,660
Cap Rate 7%
$248,329
Cap Rate 9%
$193,144
Alternative Uses
Best Use
Flex RnD
$248.3K
$217.3K – $289.7K
NOI $17,383 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$209.0K
$182.8K – $243.8K
NOI $14,627 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$533.0K
$466.4K – $621.8K
NOI $37,310 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
