Brand New Flex Condo
8145 Pine Ridge Road Mechanicsville, VA 23116
8145 Pine Ridge Road, Mechanicsville, VA, 23116
$315,000
For Sale
$315,000
Twelve 2025 flex/condo units are delivered in shell condition, with sale or lease options available.
Property Size1,500 SF
Lot Size20.07 Acres
Price / SF$210
Days on Market206
Property Features for 8145 Pine Ridge Road
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 20.07 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 2025
Listing agency
Hometown Realty
(804) 726-4532
Listed by
Mike Chenault · License #0225059322
(804) 726-4532
Source
Xome
Added: Dec 27, 2025 Updated: Jul 21 at 1:20AM Checked: Jul 21 at 3:09AM
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 Hometown Realty
Investment Insights
Based on property information with market context.
Brand new 2025 flex property for sale in Mechanicsville featuring twelve flex/condo units across two newly constructed buildings. Units are delivered in shell condition, allowing buyers to customize the space to suit their business needs. Each unit is approximately 1,500 SF, and multiple configurations are available. Additionally, up to 9,000 contiguous SF is still available for users seeking a larger footprint.
The property sits on a ±120.07-acre site zoned B-3 Business and is described as directly across from Hanover High School. It is located in the fast-growing Mechanicsville corridor just off Route 301/Chamberlayne Road, with access to I-295 and I-95.
Sale or lease options are available, and the offering includes both individual units and the possibility of combining space for larger requirements.
The property sits on a ±120.07-acre site zoned B-3 Business and is described as directly across from Hanover High School. It is located in the fast-growing Mechanicsville corridor just off Route 301/Chamberlayne Road, with access to I-295 and I-95.
Sale or lease options are available, and the offering includes both individual units and the possibility of combining space for larger requirements.
Key Highlights
- Twelve 2025 flex/condo units in two newly constructed buildings on a 120.07‑acre site
- Each unit is 1,500 SF and delivered in shell condition (customize for your business needs)
- Zoned B‑3 Business
Local Financial Insights For Warehouse
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 | $12.2k | $8.14 |
| − Vacancy | −$513 | −$0.34 |
| EGI | $11.7k | $7.80 |
| − OpEx | −$1.8k | −$1.17 |
| NOI | $9.9k | $6.63 |
1,500 SF · lease $8.14/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$142.0K
$124.3K – $165.7K
NOI $9,943 @ 7.0% cap · market cap 3.16%
Second Best
Industrial
$117.0K
$102.4K – $136.5K
NOI $8,188 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$451.7K
$395.2K – $526.9K
NOI $31,616 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Twelve 2025 flex/condo units are delivered in shell condition, with sale or lease options available.
Where is this flex space located?
The property is located at 8145 Pine Ridge Road Mechanicsville, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Twelve 2025 flex/condo units in two newly constructed buildings on a 120.07‑acre site; Each unit is 1,500 SF and delivered in shell condition (customize for your business needs); Zoned B‑3 Business
