Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17 Le Gordon Dr Midlothian, VA 23114

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A medical office suites available.

    Lot size:
    21,630 SF

    Property Features for 17 Le Gordon Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,630 SF
    Class
    A

    Spaces For Lease

    at 17 Le Gordon Dr, Midlothian, VA 23114 Contact us

    We can help!

    Listing Contact
    Ellen Long
    Ellen Long

    Listing Agency: Taylor Long Properties Commercial Real Estate Listing Agent: Ellen Long

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A medical office building, located at 17 & 41 Le Gordon Drive in Midlothian, Virginia (zip code 23114), offers a prime opportunity for medical professionals. The property boasts a total of 21,630 square feet, situated on an 18,307 square foot lot. Currently, there are two suites available, with a minimum divisible space of 2,255 square feet and a maximum contiguous space of 11,037 square feet. A total of 13,292 square feet is currently vacant, presenting a significant opportunity for expansion or new tenancy. The building is zoned O, B, and C, allowing for a variety of medical uses. This location is highly desirable, situated in the heart of The Village of Midlothian retail corridor, at the corner of Le Gordon Drive and Midlothian Turnpike, providing excellent visibility and accessibility. Join established tenants including Seven Brew Coffee and a new veterinary clinic. This property offers the potential for lease or build-to-suit options, making it an ideal location for a variety of medical practices. Chesterfield County location provides easy access to major roadways and a thriving community. The property is classified as a multi-tenant building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.6879696
    Latitude
    37.5334766

    Nearby Similar for Lease

    • Contact for pricing
      2,000 SF

      Mixed-Use Development in Midlothian

      25-acre mixed-use development with retail, restaurant, and office spaces.
      14250 Winterview Pkwy, Midlothian, VA
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Wilton Square

      Neighborhood shopping center in Brandermill with diverse tenant mix.
      13603-13625 Genito Rd, Midlothian, VA 23112
      View Details
    • $21 SF/Yr
      6,061 SF

      Midlothian Medical Office Space

      Prime Medical Office Suites Available
      2901-2949 Fox Chase Ln, Midlothian, VA 23112
      View Details
    • Contact for pricing
      271,215 SF

      Midlothian Retail Space Available

      Prime Midlothian retail space, 4,000-8,000 sq ft.
      10939 Hull Street Rd, Midlothian, VA 23112
      View Details
    • Contact for pricing
      102,406 SF

      Sycamore Square Retail Center

      Midlothian, VA Strip Center - 41,932 SF Available
      1220-1348 Sycamore Square Dr, Midlothian, VA 23113
      View Details
    • Contact for pricing
      102,406 SF

      Midlothian Retail Space Available

      High-traffic Midlothian retail space, 38,071 sq ft.
      1201-1366 Sycamore Square Dr, Midlothian, VA 23113
      View Details
    • Contact for pricing
      1,982 SF

      Retail Shopping Center For Rent

      Specialty retail shopping center in Chesterfield County, Virginia.
      11800-11844 Hull Street Rd, Midlothian, VA 23112
      View Details
    • Contact for pricing
      2,932 SF

      Midlothian Turnpike Office Space

      Office space available in prominent Midlothian building.
      14401 Sommerville Ct, Midlothian, VA 23113
      View Details
    • Contact for pricing
      63,287 SF

      Former Grocery Store Available

      63,287 SF retail space, anchored by Target and Kohl's.
      11331 Midlothian Tpke, Midlothian, VA 23113
      View Details
    • Contact for pricing
      4,900 SF

      Well-Maintained Office Building For Rent

      4,900 SF office building in the heart of 360 corridor.
      6901 Chital Dr, Midlothian, VA 23112
      View Details
    • Contact for pricing
      141,305 SF

      Midlothian Retail Center Investment

      High-traffic retail strip center, 1 space available.
      11400 Huguenot Rd, Midlothian, VA 23113
      View Details
    • Contact for pricing
      118,400 SF

      Nunnally Village Retail Center

      Midlothian, VA retail space available.
      0 Hull St Rd & Otterdale Rd, Midlothian, VA 23832
      View Details

    FAQs

    What type of property is this?
    Medical office - Class A medical office suites available.
    Where is this medical office located?
    The property is located at 17 Le Gordon Dr Midlothian, VA.
    What are key features of this property?
    This property features: Now pre-leasing: retail, office, and medical space available.; Seven Brew Coffee is a new tenant.; Zoned O, B, and C.
    (804) 864-9788
    Request Owner's contact information
    17 Le Gordon Dr Midlothian, VA 23114
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17 Le Gordon Dr
    Midlothian, VA 23114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17 Le Gordon Dr Midlothian, VA 23114
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ellen Long
    Ellen Long
    Real Estate License ID: 0225090856
    (804) 864-9788 (804) 539-7793
    Learn more
    Google sign-in failed. Please try again or use another login method.