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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 direct access to major highways and full building backup generators.

Property Size24,648 SF
Days on Market11

Property Features for 8580 Magellan Pkwy

General Information

Standard status Active
Size 24,648 SF
Net Rentable 72,890 SF
Class A
Property subtype OFFICE

Space & Availability

Available Space 72,890 SF
Contiguous Space 72,890 SF
Space Use Office

Site & Location

Highway Access Yes
Road Access Yes

Amenities

monument signage
full building backup generators

Building Details

Stories 1
Building Size 72,890 SF
Parking Ratio 4.64 per 1,000 SF
Listing Agency: Colliers | Richmond North
Listed By: Rich McDaniel
Source: Moodyscre
Added: Jul 22 Changed: Jul 30 Last Checked: Jul 31 at 6:24AM

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

Investment Insights

Based on property information with market context.

Single-story, Class A office building offering 72,890 SF of professionally managed space. The building has monument signage available and is supported by full building backup generators.

The property provides direct access to I-95, Route 1, I-295, and Route 301, supporting convenient regional connectivity. Ample parking is available at 4.64/1,000 SF. The location is also positioned near the Virginia Center Commons redevelopment.

This offering is best suited for an office tenant seeking a professionally managed, direct-access environment with on-site power backup and convenient parking support.

Key Highlights

  • 72,890 SF single‑story, class A office building
  • Direct access to I‑95, Route 1, I‑295 and Route 301
  • Full building backup generators

Property 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
NNN (Triple Net)
Lease Type

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Single-story Class A office building with direct access to major highways and full building backup generators.
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: 72,890 SF single‑story, class A office building; Direct access to I‑95, Route 1, I‑295 and Route 301; Full building backup generators
(804) 339-2912 Call to check price and availability
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