Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11601 Lakeridge Pkwy Ashland, VA 23005

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern Office Space, I-95 Corridor

    Lot size:
    8,030 SF

    Property Features for 11601 Lakeridge Pkwy

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,030 SF
    Total Rate
    300

    Building Details

    Year Built
    2021

    Spaces For Lease

    at 11601 Lakeridge Pkwy, Ashland, VA 23005 Contact us
    Unit Available Space 1

    $300 /Mo

    Size
    2,200 SF
    Contact us
    Unit Available Space 2

    $300 /Mo

    Size
    1,822 SF
    Contact us

    We can help!

    Listing Contact
    Todd Buttner
    Todd Buttner

    Listing Agency: Commonwealth Commercial Listing Agent: Todd Buttner

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 8,030 square foot multi-tenant office building, constructed in 2021, offers a prime opportunity for businesses seeking versatile and strategically located space. The property boasts a blend of medical, traditional, and creative office spaces, making it ideal for a variety of uses. Currently, 4,022 square feet are available for lease, divided into two suites: Suite 100, approximately 2,200 square feet, and Suite 200, approximately 1,822 square feet. The building's location on the I-95 corridor, just north of the I-295 loop near Richmond, provides unparalleled access to major transportation arteries and a wealth of amenities. Employees will enjoy easy commutes and convenient access to numerous employment centers, retailers, restaurants, entertainment venues, and residential areas. The property also features prominent building signage opportunities, enhancing visibility and brand recognition. On-site ownership ensures responsive management and maintenance. This is a rare opportunity to secure modern, well-located office space in a thriving area. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    F45 Training Ashland Gym & Fitness Center Senior Living Group Nursing Home Holladay Properties - Virginia ... Real Estate Agency

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Department Store HVAC Service Auto Parts Store Kitchen & Bath Showroom Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.4515077
    Latitude
    37.7168476

    Nearby Similar for Lease

    • $1,100 /Mo

      Ashland, VA Commercial Space

      Office, service, retail, or medical space available for rent.
      305 S Washington Hwy, Ashland, VA 23005
      View Details
    • Contact for pricing

      Premier Office Building in Hanover

      Three-story office building with open floor plan and ample parking.
      10492 Lakeridge Pkwy, Ashland, VA 23005
      View Details
    • Contact for pricing

      Premier Office Building in Hanover

      Three-story office building with modern design and ample parking.
      10492 Lakeridge Pkwy, Ashland, VA 23005
      View Details
    • Contact for pricing

      Retail Spaces Near Randolph Macon

      Retail spaces available in a dominant, anchored shopping center.
      251 North Washington Hwy, Ashland, VA 23005
      View Details
    • Contact for pricing
      2,786 SF

      Versatile Retail/Warehouse Space Available

      2,786 SF building ideal for retail or warehouse use.
      517 South Washington Hwy, Ashland, VA 23005
      View Details
    • Contact for pricing
      25,500 SF

      Hanover Industrial Park Flex Space

      Office/warehouse units for lease in Hanover County's Air Park.
      11139-11159 Air Park Road Ext, Ashland, VA 23005
      View Details
    • $13 SF/Yr
      19,294 SF

      Flex Building in Lakeridge Park

      Single-story flex building with rear loading and dock access.
      10470 Wilden Dr, Ashland, VA 23005
      View Details
    • Contact for pricing
      381,200 SF

      Hanover County Warehouse For Lease

      187,138 SF warehouse with 3,586 SF office space for lease.
      14174 North Washington Hwy, Ashland, VA 23005
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Near Walmart

      Retail space available in Ashland, Virginia near Interstate 95.
      99-139 Hill Carter Pkwy, Ashland, VA 23005
      View Details
    • Contact for pricing
      24,529 SF

      Ashland Retail Center Opportunity

      Hanover County, VA: Prime Retail Space Available
      251 Washington Hwy, Ashland, VA 23005
      View Details
    • Contact for pricing
      12,000 SF

      New Ashland Warehouse with Yard

      Newly constructed warehouse with office, storage, and ample yard.
      10380 Morse Code Dr, Ashland, VA
      View Details

    FAQs

    What type of property is this?
    Office units - Modern Office Space, I-95 Corridor
    Where is this office units located?
    The property is located at 11601 Lakeridge Pkwy Ashland, VA.
    What is the lease rate?
    The lease rate is $300 /Mo.
    What are key features of this property?
    This property features: 8,030 SF multi-tenant office building (Medical, Traditional, & Creative Office uses).; 4 suites totaling 4,022 SF currently vacant.; Two available suites: 2,200 SF and 1,822 SF.
    (804) 793-0059 Call to check price and availability
    Request Owner's contact information
    11601 Lakeridge Pkwy Ashland, VA 23005
    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.
    11601 Lakeridge Pkwy
    Ashland, VA 23005
    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
    11601 Lakeridge Pkwy Ashland, VA 23005
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Todd Buttner
    Todd Buttner
    Real Estate License ID: 0225246341
    (804) 793-0059 (410) 382-7109 (804) 346-4966
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!