Goochland Office Park
12868 Patterson Ave, Richmond, VA 23238
Call to check price and availability
6,000 SF office unit in shell condition for sale.
Type:Office
Property size:
6,000 SFPrice / SF:
$233/SF- Added:
- Jul 30, 2024
- Days on Market:
- 673
- Last Refresh:
- May 12 at 11:03 pm
Property Features for 12868 Patterson Ave
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2023
Listing agent Chris Corrada License #0225066800
Listing office One South Commercial (804) 353-0009
Listing date Jul 30, 2024
Source Crexi
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 One South Commercial
HighLights
- Last remaining 6,000 sq ft unit in a new, high‑end office park.
- Shell condition allows for custom design and buildout to specific business needs.
- Owner will coordinate design and turnkey the buildout process.
- Convenient location just west of the 288 interchange and West Creek on Patterson Avenue, providing easy access to all parts of the city.
- Energy‑efficient insulated concrete construction for low energy costs and employee comfort.
- Located in Creekmore Office Park alongside established tenants like Whole Health Physicians, Central Virginia Physical Therapy, and New Field Incorporated.
Overview
The last remaining 6,000 square foot unit in Goochland’s newest office park is available for purchase. The property is located just west of the 288 interchange and West Creek on Patterson Avenue. The unit is currently in shell condition, ready to be designed to specifications. The owner will coordinate the design and turnkey the buildout. Insulated concrete construction ensures an energy efficient envelope. The office park is located close to all parts of the city. Current tenants include Whole Health Physicians, Central Virginia Physical Therapy and New Field Incorporated.
Local Financial Insights For Office B
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 | $127.4k | $21.24 |
| − Vacancy | −$19.9k | −$3.31 |
| EGI | $107.6k | $17.93 |
| − OpEx | −$26.9k | −$4.48 |
| NOI | $80.7k | $13.44 |
6,000 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,670 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,034 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.678681
- Latitude
- 37.601189
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - 6,000 SF office unit in shell condition for sale.
Where is this office units located?
The property is located at 12868 Patterson Ave Richmond, VA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Last remaining **6,000 sq ft unit** in a new, high‑end office park.; Shell condition allows for custom design and buildout to specific business needs.; Owner will coordinate design and turnkey the buildout process.
