Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    2035 Waterside Rd Prince George, VA 23875

    • Medical offices
    • 8,359 SF
    • 0.28 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1568406
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Giao Quynhthi Phan / Surgeon
    • Jose G. Trevino, II, MD, FACS / Doctor
    • Dennis J Rivet, MD / Doctor
    • Schuman Theodore A MD / Family Practice Physician
    • Walker Julliard, MD / Cardiovascular And Thoracic Surgeon

    Property Details for 2035 Waterside Rd

    Year built
    2010
    Lot size
    0.28 lot acres
    Property size
    8,359 SF
    Zone code
    B-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    220(07)00-009-D
    APU
    2200700009D

    Description

    This exceptional 3,843-square-foot medical office building is available for lease in Prince George County, Virginia. Located at 2035 Waterside Road, zip code 23875, this single-tenant property offers ample space for a variety of medical practices. The building is classified as Class B and boasts a total of 32 parking spaces, providing a convenient 4.68 spaces per 1,000 square feet. The entire building is currently vacant, presenting a unique opportunity for a new tenant to customize the space to their specific needs. The property is zoned B-1, allowing for a range of medical uses. Its convenient location in Prince George County offers easy access to major roadways and a growing patient base. The building's size and parking availability make it ideal for a practice requiring significant space and convenient parking for both staff and patients. This is a rare opportunity to secure a well-located, sizable medical office building in a thriving community. The property is ready for immediate occupancy. Interested parties should inquire promptly to secure this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $725,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Prince George
    County
    Prince George
    State
    Virginia
    Longitude
    -77.3671
    Latitude
    37.2482
    CBSA code
    40060
    CBSA name
    RICHMOND, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,157
    $501,600
    $1,579,800
    $2,081,400
    -
    $501,600
    $1,579,800
    $2,081,400

    Comparable in this City

    • Value Estimation
      $1,370,000
      10,012 SF

      4700 Puddledock Rd

      MEDICAL CLINIC • 10,012 SF
      4700 Puddledock Rd, Prince George, VA 23875-1268
      View Details
    • Value Estimation
      $1,020,000
      7,443 SF

      4710 Puddledock Rd

      MEDICAL CLINIC • 7,443 SF
      4710 Puddledock Rd, Prince George, VA 23875-1269
      View Details
    • Value Estimation
      $1,465,000
      10,737 SF

      1700 Temple Pkwy

      MEDICAL CLINIC • 10,737 SF
      1700 Temple Pkwy, Prince George, VA 23875-1253
      View Details
    • Value Estimation
      $1,020,000
      7,596 SF

      2025 Waterside Rd

      MEDICAL CLINIC • 7,596 SF
      2025 Waterside Rd, Prince George, VA 23875-1266
      View Details
    • Value Estimation by Request
      2,502 SF

      4700 Puddledock Rd

      MEDICAL CLINIC • 2,502 SF
      4700 Puddledock Rd, Prince George, VA 23875-1268
      View Details
    • Value Estimation
      $685,000
      5,107 SF

      4700 Puddledock Rd

      MEDICAL CLINIC • 5,107 SF
      4700 Puddledock Rd, Prince George, VA 23875-1268
      View Details

    Similar Nearby for Sale

    • $3,900,000

      Single-Tenant Healthcare Investment Opportunity

      Single-tenant building leased to Virginia Cancer Institute with NNN lease.
      4730 Puddledock Rd, Prince George, VA 23875
      View Details
    • $6,250,000
      15,600 SF

      Medical Building in Prince George

      Medical building with long-term tenant in Prince George County.
      1775 Lk Harley Dr, Prince George, VA 23875
      View Details
    • $3,386,836
      15,047 SF

      Medical Office Building For Sale

      Well-maintained medical office building in growing community near I-95.
      2025-2027 Waterside Rd, Prince George, VA 23875
      View Details
    • Contact for pricing

      Acre Pad Site in Lowe's

      One acre pad site available in Lowe’s parking lot.
      2085 Waterside Rd, Prince George, VA 23875
      View Details
    • $1,225,000

      Land For Sale

      Land available for sale in Prince George, Virginia.
      2928 Lakeside Dr, Prince George, VA 23875
      View Details
    • $3,800,000

      Commercial Land Parcel For Sale

      17-acre commercial land parcel ideal for various developments.
      Whitehill Blvd, Prince George, VA 23875
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,843 SF

      Prime Medical Office Space in Prince George, VA

      3,843 SF Medical Office - Available Now
      2035 Waterside Rd, Prince George, VA 23875
      View Details
    • Contact for pricing
      3,843 SF

      Medical Office Space For Rent

      Medical office space available in Waterside Commons Medical Office Park.
      2035 Waterside Rd, Prince George, VA 23875
      View Details
    • $2,250 /Mo
      1,450 SF

      Office Space Near Fort Gregg-Adams

      Commercial office space with convenient access to major routes.
      4701 Owens Way, Prince George, VA 23875
      View Details
    • Contact for pricing
      130,683 SF

      Modern Prince George Industrial Space

      130K SF Manufacturing/Warehouse, VA
      6013 Hardware Dr, Prince George, VA 23875
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Centrally located land in emerging mixed-use development hub.
      5211 Bickings Ln, Prince George, VA 23875
      View Details
    • $1,700 /Mo
      930 SF

      Retail Space Near Courthouse Complex

      Retail space for lease near Fort Gregg-Adams and Courthouse.
      6805 Commons Dr, Prince George, VA 23875
      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.
    2035 Waterside Rd
    Prince George, VA 23875
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.