Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1585-1593 Standing Rdg Rd Powhatan, VA 23139
    Property profile & analytics

    1585-1593 Standing Rdg Rd, Powhatan, VA 23139

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1585-1593 Standing Rdg Rd

    Property type
    Land

    Description

    Exceptional commercial land opportunity in Powhatan, Virginia's Oakbridge Business Park. These prime lots, ranging from 2,200 to 6,000 square feet, are zoned for commercial use and ready for immediate development. Ideal for both owner-occupiers seeking to build their own medical or office space and investors looking for a strong return. The property is conveniently located at 1585-1593 Standing Ridge Rd, Powhatan, VA 23139, offering easy access to the amenities and growth potential of the surrounding area. The location provides a strategic advantage, situated just minutes away from Westchester, a significant 225,000 square foot mixed-use development. This proximity ensures high visibility and accessibility for any business established on these lots. With all necessary zoning permits in place, construction can begin promptly, minimizing delays and maximizing the return on investment. Don't miss this chance to secure a prime location in a thriving business park. Contact us today to learn more about these exceptional commercial land parcels and begin planning your future in Oakbridge.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.7409
    Latitude
    37.507

    Comparable in this City

    • Value Estimation by Request
      4.70 Acres

      One Crk

      Land
      One Crk, Powhatan, VA 23139
      View Details
    • Value Estimation by Request
      7.89 Acres

      Anderson Hwy

      Land
      0 Anderson Hwy, Powhatan, VA 23139
      View Details
    • Value Estimation by Request
      31.20 Acres

      60 At Flt

      Land
      60 At Flt, Powhatan, VA 23139
      View Details
    • Value Estimation by Request
      14.87 Acres

      60 At Pln Vw

      Land
      60 At Pln Vw, Powhatan, VA 23139
      View Details
    • Value Estimation by Request
      6.93 Acres

      2610 Anderson Hwy

      Land
      2610 Anderson Hwy, Powhatan, VA 23139
      View Details
    • Value Estimation by Request
      1.24 Acres

      3400-3420 Anderson Hwy

      Land
      3400-3420 Anderson Hwy, Powhatan, VA 23139
      View Details

    Similar Nearby for Sale

    • $400,000
      Pending

      91 Acres in Powhatan, VA

      91-acre land parcel in Powhatan, Virginia, timbered in 2018.
      Powhatan, VA 23139
      View Details
    • Contact for pricing

      Land For Sale Powhatan

      Land available for sale in Powhatan, Virginia.
      2500 Maidens Rd, Powhatan, VA 23139
      View Details
    • Contact for pricing

      Land Available in Powhatan, VA

      Land for sale at 4100 Anderson Hwy, Powhatan, VA.
      4100 Anderson Hwy, Powhatan, VA 23139
      View Details
    • $350,000
      9.03 Acres

      9 Acre Vacant Land

      Vacant land for sale in Powhatan, Virginia.
      Three Bridge Rd, Powhatan, VA 23139
      View Details
    • Contact for pricing

      Land Parcel Near County Seat

      Well-located land parcel poised for growth near Powhatan County.
      60 At Pln Vw, Powhatan, VA 23139
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      1.235 acre commercial land with high visibility and frontage.
      3420 Anderson Hwy, Powhatan, VA 23139
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Building in Oakbridge Office Park

      2,991 SF office building for lease in Powhatan, VA.
      1417 Anderson Hwy, Powhatan, VA 23139
      View Details
    • Contact for pricing

      Mixed-Use Land For Lease

      18.23 AC mixed-use property in rapidly growing area.
      1355 Anderson Hwy, Powhatan, VA 23139
      View Details
    • Contact for pricing

      Commercial Land Build to Suit

      1.24 acre parcel for flex, warehouse, or office space.
      1475 Oakbridge Ct, Powhatan, VA 23139
      View Details
    • Contact for pricing

      1.5 Acre Pad Site Available

      1.5 acre pad site adjacent to Sheetz for rent.
      4205 Anderson Hwy, Powhatan, VA 23139
      View Details
    • $21 SF/Yr
      1,650 SF

      Office Space in Maxey Center

      Well-located retail and service hub with office space.
      3452 Anderson Hwy, Powhatan, VA 23139
      View Details
    • Contact for pricing
      19,000 SF

      Flat Rock Retail Opportunity

      Retail spaces and outparcels available in Flat Rock.
      2617 Anderson Hwy, Powhatan, VA 23139
      View Details
    Request Owner's contact information
    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.
    1585-1593 Standing Rdg Rd
    Powhatan, VA 23139
    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
    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

    Thank You for Inquiry
    1585-1593 Standing Rdg Rd, Powhatan, VA, 23139
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!