Multi-Unit Flex Industrial
For Sale
$475,000
7717 Richmond Tappahannock Hwy, Aylett, VA 23009
Flex/industrial building configured into three separate units with private bathrooms, heat pumps, and electric meters, plus private parking.
Property Size3,000 SF
Price / SF$158.33
Days on Market228
Property Features for 7717 Richmond Tappahannock Hwy
General Information
Standard status
Active
Size
3,000 SF
Listing Agency:
River City Elite Properties - Real Broker
(804) 594-6750
Listed By:
Phillip Hughes · License #0225218718
(804) 651-4710
Source:
Exprealty
Added: Mar 10
Changed: Oct 5
Last Checked: Oct 23 at 8:28AM
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 River City Elite Properties - Real Broker
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Investment Insights
Based on property information with market context.
This versatile flex/industrial property is configured into three separate units within one building. Each unit has its own heat pump, electric meter, and private bathroom, supporting multiple-tenant occupancy or flexible use. The property also includes private parking for customers and employees, along with open land behind the building that may support future expansion or additional commercial use.
The property is located along a well-traveled corridor in the heart of Aylett, VA. The parcel includes nearly one acre total, with approximately half an acre of open land to the rear.
With three independently served units, the building can accommodate an owner-operator model where one unit is occupied while the remaining units are leased, or it can be leased as a whole to fit a larger user’s needs.
The property is located along a well-traveled corridor in the heart of Aylett, VA. The parcel includes nearly one acre total, with approximately half an acre of open land to the rear.
With three independently served units, the building can accommodate an owner-operator model where one unit is occupied while the remaining units are leased, or it can be leased as a whole to fit a larger user’s needs.
Key Highlights
- Approximately 3,000 SF flex/industrial commercial building configured into three separate units
- Each unit has its own heat pump, electric meter, and private bathroom for tenant flexibility
- Nearly 1 acre lot with plenty of private parking for customers and employees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,604
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,080
$452.1K
Cap Rate 7%
$322,914
$322.9K
Cap Rate 9%
$251,156
$251.2K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$37.8K $12.60/SF
− Vacancy
−$3.0K −$1.01/SF
EGI
$34.8K $11.59/SF
− OpEx
−$12.2K −$4.06/SF
NOI
$22.6K $7.53/SF
Area
King William County, 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%
$452,080
Cap Rate 7%
$322,914
Cap Rate 9%
$251,156
Alternative Uses
Best Use
Flex RnD
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap · market cap 4.76%
Second Best
Industrial
$271.7K
$237.8K – $317.0K
NOI $19,021 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$693.1K
$606.5K – $808.6K
NOI $48,517 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23009, VA
7,737
Population
3,077
Households
2.5
Avg Household Size
40
Median Age
24%
College-Educated
96%
High-School Grad
81.2 sq mi
ZIP Area
95
Density / Sq Mi
$91,923
Median Household Income
$55,634
Median Earnings
$1,167
Median Rent
$281,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex/industrial building configured into three separate units with private bathrooms, heat pumps, and electric meters, plus private parking.
Where is this flex space located?
The property is located at 7717 Richmond Tappahannock Hwy Aylett, VA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 3,000 SF flex/industrial commercial building configured into three separate units; Each unit has its own heat pump, electric meter, and private bathroom for tenant flexibility; Nearly 1 acre lot with plenty of private parking for customers and employees
