Technical
Financial
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Property profile

5309 Commonwealth Ctr Pkwy Midlothian, VA 23112

OFF-MARKET
Office buildings
Property ID
US87-1329774
66,864 SF 6.58 ac lot Built 1989
Entity Owned 7-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Business Management Consultant
  • Business Administration Service
  • Postal Service Courier Service
  • Insurance Agency

Location

5309 Commonwealth Ctr Pkwy Midlothian, VA 23112-2633
Midlothian metro Census 101012 RICHMOND, VA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2019
7 recorded transactions
2024
Price N/A
2019
$4.8M
2018
Price N/A
2015
$6.0M
2006
$9.4M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

I1 - LT INDUSTRIAL DIST · Midlothian, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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