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Property profile & analytics
OFF-MARKET
Office Spaces

2656 George Washington Memorial Hwy Gloucester Point, VA 23072

1,200 SF Built 1990
Property ID
Property summary
AI-generated overview

This 1,200 square foot medical office building, built in 1990, is situated in Gloucester Point, Virginia, at 2656 George Washington Memorial Hwy, zip code 23072. The two-story building is currently configured as a dental/oral and maxillofacial office, complete with three exam/surgical rooms, an x-ray facility, reception/waiting area, and a recovery area on the first floor. The second floor offers additional office space, a kitchen, and a full bathroom. A nitrous oxide line is already installed. This turnkey operation is ideally suited for a satellite office, providing convenient access to the Coleman Bridge and nearby cities like Yorktown, Williamsburg, and Newport News. Gloucester County boasts a strong labor force of approximately 20,000, including college students, military personnel, and retirees, and benefits from low real estate taxes. The property is located near Route 17, a major thoroughfare with 37,000 daily drivers, and is within reach of three international airports. The asking price is $220,000, translating to $183.33 per square foot. Gloucester County's strategic location on the Chesapeake Bay, near the Port of Hampton Roads, Richmond, and Washington D.C., further enhances its appeal. The area offers a variety of cultural events, including the Daffodil Festival, Gloucester Arts Festival, and several others. The median household income in Gloucester County is $63,742. This presents a unique opportunity to acquire a well-equipped medical office in a desirable location.

Property profile
Verified
Property type Office Spaces
Year built 1990
Total area 1,200 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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