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Single-Story Class A Office Building
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8580 Magellan Pkwy, Richmond, VA 23227

Single-story Class A office building with full backup generators and ample parking for efficient tenant operations.

Property Size72,890 SF
Days on Market482

Property Features for 8580 Magellan Pkwy

General Information

Standard status Active
Size 72,890 SF
Class A
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes

Amenities

monument signage
professionally managed
full building backup generators

Building Details

Stories 1
Listing Agency: Colliers | Richmond North
Listed By: Frank Hargrove III
Source: Moodyscre
Added: Jul 2, 2025 Changed: Oct 26 Last Checked: Oct 26 at 4:29PM

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 Colliers | Richmond North

Rey
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Investment Insights

Based on property information with market context.

This single-story Class A office building offers a 72,890 SF footprint and is professionally managed. The property includes full building backup generators and monument signage.

Access is a strong feature, with direct connections to I-95, Rt 1, I-295, and Route 301. The property also benefits from proximity to the Virginia Center Commons redevelopment.

On-site parking is available at approximately 4.64 spaces per 1,000 SF, supporting everyday employee and visitor access.

Key Highlights

  • Single‑story Class A office building offering 72,890 SF
  • Direct access to I‑95, Rt 1, I‑295, and Route 301
  • Ample parking at 4.64 per 1,000 SF

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Ferrell Melissa W Foster Care Service Smithline Daurie MD Physician William Anderson, MD Physician Segura Victoria MD Physician Bon Secours Bereavement Counselor

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Law Firm Big Box & Wholesale Store Pharmacy

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
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

88
Businesses Nearby

Demographics for 23227, VA

25,283
Population
13,351
Households
1.9
Avg Household Size
45
Median Age
47%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,199
Density / Sq Mi
$70,537
Median Household Income
$45,315
Median Earnings
$1,306
Median Rent
$329,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Richmond, VA

5.7% 2019
7.2% 2020
7% 2021
8.2% 2022
8.4% 2023
12.1% 2024
11.8% 2025

Frequently Asked Questions

What type of property is this?
Office building - Single-story Class A office building with full backup generators and ample parking for efficient tenant operations.
Where is this office building located?
The property is located at 8580 Magellan Pkwy Richmond, VA.
What are key features of this property?
This property features: Single‑story Class A office building offering 72,890 SF; Direct access to I‑95, Rt 1, I‑295, and Route 301; Ample parking at 4.64 per 1,000 SF
(804) 339-2912 Call to check price and availability
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