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    Property profile & analytics
    OFF-MARKET Estimated value $6,015,000
    Office buildings

    5309 Commonwealth Ctr Pkwy, Midlothian, VA 23112-2633

    66,864 SF 6.58 ac lot Built 1989
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US87-1329774
    Property summary
    AI-generated overview

    This exceptional executive office space, located at 5309 Commonwealth Centre Pkwy in Midlothian, Virginia, offers a prime opportunity for businesses seeking a prestigious address in Chesterfield County. The Commonwealth Centre boasts a total of 4,546 square feet, currently entirely vacant and available for lease. Two distinct spaces are available, providing flexibility for various business needs. One option offers a minimum of 1,936 square feet, while the maximum contiguous space available is 2,610 square feet. This allows for businesses of different sizes to find a suitable fit within this modern and well-maintained building. The property's convenient location in Midlothian, Virginia (zip code 23112), provides easy access to major transportation routes and amenities, making it an ideal location for both employees and clients. The building's executive office subtype ensures a professional and sophisticated environment, perfect for businesses seeking to project an image of success and stability. The entire 4,546 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to occupy the available spaces. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure high-quality office space in a desirable location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1989
    Total area 66,864 SF
    Lot 6.58 ac (286,494 SF)
    Zoning code I1 - LT INDUSTRIAL DIST
    APN 736-67-67-06-800-000
    UPID US87-1329774
    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
    Current use
    Occupant on record · Public records
    • Cjw Sports Medicine Medical Clinic
    • tobu advisors Business Management Consultant
    • Gig Worker Solutions Business Administration Service
    • FedEx Drop Box Postal Service Courier Service
    • ANCHOR INSURANCE GROUP Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.43M
    Blend (final) Blend
    $6.02M
    Owner & transaction history
    Col Ents INC · 7 yrs held
    Col Ents INC
    since 2019
    7 recorded transactions
    2024
    2019
    $4.8M
    2018
    2015
    $6.0M
    2006
    $9.4M
    2004
    1969
    Zoning & alternative use
    I1 - LT INDUSTRIAL DIST · Midlothian, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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