Multi-Unit Flex Industrial
7717 Richmond Tappahannock Hwy Aylett, VA 23009
7717 Richmond Tappahannock Hwy, Aylett, VA, 23009
$475,000
For Sale
$475,000
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 Market134
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) 651-4710
Listed by
Phillip Hughes
(804) 651-4710
Source
Exprealty
Added: Mar 10 Updated: Jul 21 at 12:59PM Checked: Jul 21 at 12:59PM
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
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
Local Financial Insights For Flex RnD
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 | $37.8k | $12.60 |
| − Vacancy | −$3.0k | −$1.01 |
| EGI | $34.8k | $11.59 |
| − OpEx | −$12.2k | −$4.06 |
| NOI | $22.6k | $7.53 |
3,000 SF · lease $12.60/SF/yr · vacancy 8.00% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hair Fashion’s Salon ...
Hair Salon
FAQs
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
