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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Medical Office Space
5303 Plz Dr North Prince George, VA 23860-7331
Entity Owned
Absentee Owner
Free & Clear
Property ID
US87-1401782
Property summary
AI-generated overview
This exceptional 12,000-square-foot medical office building, constructed in 2001, presents a compelling investment opportunity. The property boasts a 7.43% capitalization rate and is currently 100% occupied by four medical suites, generating a net operating income (NOI) of $130,000. Located at 5303 Plaza Drive in Hopewell, Virginia (zip code 23860), this single-story building sits on a B-3 zoned lot. Its prime location offers easy access to Route 36 and I-295, placing it in close proximity to Fort Gregg-Adams (formerly Fort Lee) and the Southpark Mall via Temple Avenue and I-95. This strategic positioning ensures convenient service to the entire Tri-Cities market. The building's strong rental history and high occupancy rate make it an attractive, stabilized investment. The asking price for this fully leased medical office building is $1,750,000. This is a rare opportunity to acquire a high-performing asset in a desirable location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
11,900 SF
Lot
1.89 ac (82,503 SF)
Zoning code
B3
APN
245-0065
UPID
US87-1401782
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
HOPEWELL MEDICAL BUILDING LLC
HOPEWELL MEDICAL BUILDING LLC
Zoning & alternative use
B3 · North Prince George, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Prince George submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Prince George submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,225,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,200,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,647
Tax year 2024
Assessed value
$2,277,500
Assessed 2024
Previous assessed
$2,277,500
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$739,200
Assessed improvement
$1,538,300
Land market value
$739,200
Improvement market value
$1,538,300
Total market value
$2,277,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
11,900 SF
Lot
1.89 ac (82,503 SF)
Zoning code
B3
APN
245-0065
UPID
US87-1401782
Jurisdiction
HOPEWELL CITY
Zoning & alternative use
B3 · North Prince George, VAZoning B3 · permitted uses
B3 · North Prince George, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
HOPEWELL MEDICAL BUILDING LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2000 WARE BTM SPG RD, CHESTER, VA 23836-4200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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