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    100 Westgate Pkwy Richmond, VA 23233

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    For Sale
    Contact for pricing

    Class A Office, Redevelopment Potential

    Property size:
    94,230 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 100 Westgate Pkwy in Richmond, Virginia, presents a unique investment opportunity. The property boasts 94,230 square feet of rentable space across three stories, offering significant flexibility for various uses. Currently vacant, this 2001-built structure sits on a 6-acre lot and features 399 parking spaces, ensuring ample convenience for tenants or employees. The building's floor plates, measuring approximately 31,410 square feet, are easily subdividable down to 5,000 square feet, catering to diverse occupancy needs. Its prime location within the thriving Short Pump submarket provides immediate access to Interstates 288 and 64, and is within walking distance of Short Pump Town Centre and numerous retail and hospitality amenities. The property is zoned O3 and includes valuable on-site amenities such as a full-service cafeteria and fitness center, along with a 4,000-gallon backup diesel generator for reliable power. This presents an ideal opportunity for owner-occupancy or redevelopment, capitalizing on the strong location and existing infrastructure. The building's size and features make it suitable for a corporate headquarters or a variety of other commercial ventures. Serious inquiries are encouraged.

    Property Features for 100 Westgate Pkwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    94,230 SF
    Class
    A
    Lot Size
    261,360 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    3

    HighLights

    • Class A, 94,230 SF office building in Richmond, VA's Short Pump submarket.
    • Three‑story building on a 6‑acre lot, built in 2001, currently vacant.
    • 399 parking spaces and large floor plates (approx. 31,410 SF, subdividable to 5,000 SF).
    • Excellent location with I‑288 & I‑64 access, near Short Pump Town Centre.
    • On‑site amenities include a cafeteria, fitness center, and 4,000‑gallon backup generator. O3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Henrico
    State
    Virginia
    Longitude
    -77.6210208
    Latitude
    37.6499902

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    FAQs

    What type of property is this?
    Multifamily property - Class A Office, Redevelopment Potential
    Where is this multifamily property located?
    The property is located at 100 Westgate Pkwy Richmond, VA.
    What are key features of this property?
    This property features: Class A, 94,230 SF office building in Richmond, VA's Short Pump submarket.; Three-story building on a 6-acre lot, built in 2001, currently vacant.; 399 parking spaces and large floor plates (approx. 31,410 SF, subdividable to 5,000 SF).
    (804) 630-0025
    Request Owner's contact information
    100 Westgate Pkwy Richmond, VA 23233
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    Richmond, VA 23233
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    Realmo Value Estimation

    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.

    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.

    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
    100 Westgate Pkwy Richmond, VA 23233
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