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Property profile & analytics
OFF-MARKET Estimated value $1,225,000
Medical Office Space

5500 Monument Ave Richmond, VA 23226-1452

12,092 SF 1.33 ac lot Built 1964
Entity Owned 15-yr Hold Free & Clear
Property ID
US87-3867509
Property summary
AI-generated overview

This exceptional 1,061 square foot medical office building is situated at 5500 Monument Avenue in Richmond, Virginia, within Henrico County (zip code 23226). The single-story, single-tenant property offers unparalleled convenience and visibility. Its location between Libbie Avenue and Willow Lawn Drive provides easy access from major thoroughfares, serving both Richmond city and Henrico County residents. The building features entirely ground-floor access directly from the parking lot, eliminating any stairs or elevators and ensuring ease of access for patients and staff. This freestanding structure boasts excellent visibility from the street, enhancing its appeal and potential for attracting clientele. The entire 1,061 square feet is currently vacant, presenting a unique opportunity for a medical professional or practice seeking a well-located, readily accessible space to establish or expand their operations. The property's single-tenant configuration offers simplicity and control, making it an ideal investment for those seeking a straightforward and manageable commercial property. This location offers a blend of accessibility and high visibility, making it a highly desirable location for a medical practice.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1964
Total area 12,092 SF
Lot 1.33 ac (57,935 SF)
Zoning code O-1
APN 770-736-8698
UPID US87-3867509
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
  • All Souls Center Alternative Medicine Practice
  • 3 Circle Wellness Alternative Medicine Practice Spa & Massage Center
  • Laura A. Taylor, Ph.D., LCP Physician Medical Clinic
  • Richmond Foot & Ankle Insttts Physician
  • Schalow Pamela a PhD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.23M
Owner & transaction history
Doswell Family LLC · 15 yrs held
Doswell Family LLC
since 2010
2 recorded transactions
2010
Price N/A
2007
$1.8M
Zoning & alternative use
O-1 · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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