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    623 Welsh Run Rd Ruckersville, VA 22968

    • Life science properties
    • 120,000 SF
    • 23.00 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3210010
    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

    • Techni-Pak, LLC / Packaging Company
    • PAE / Training Centre

    Property Details for 623 Welsh Run Rd

    Year built
    88
    Lot size
    23.00 lot acres
    Property size
    120,000 SF
    Property type
    Life science properties
    Property subtype
    Coworking space

    Description

    Tall Oaks Technology Center, located at 623 Welsh Run Rd in Ruckersville, Virginia, presents a unique opportunity for businesses seeking flexible and adaptable space. This 120,000 square foot multi-use facility offers a variety of configurations, catering to traditional office, medical office, creative office, coworking, warehouse, flex, R&D, and distribution needs. Currently, 50,000 square feet of space is available, divisible into units as small as 5,000 square feet and up to a contiguous 50,000 square feet. The building features high 18-foot ceilings, one loading dock, and ample parking with 350 spaces. Built in 1988 and meticulously maintained, the property boasts abundant natural light and is in excellent condition. The property sits on 23 acres of land and is zoned M-2. Its convenient location offers easy access to Charlottesville and Charlottesville-Albemarle Airport (CHO), making it an ideal location for businesses seeking a blend of functionality and accessibility. The building's diverse suite options, ranging from small to large, provide scalability for businesses of all sizes. This exceptional property offers a rare combination of office, warehouse, and lab space all within one facility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ruckersville
    County
    Greene
    State
    Virginia
    Longitude
    -78.4383357
    Latitude
    38.2158942

    Comparable in this City

    • $9 SF/Yr
      14,876 SF

      Versatile Warehouse, Flex, Office, Lab Space

      Adaptable space for warehouse, flex, office, and lab uses.
      623 Welsh Run Rd, Ruckersville, VA 22968
      View Details
    • Contact for pricing
      3,785 SF

      Stone Ridge Office Park, Ruckersville

      Medical & Office Suites Available in VA
      118 Stoneridge Dr, Ruckersville, VA 22968
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    • $950 /Mo
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      Ruckersville Office Space For Rent

      Office space with private office, reception, kitchenette, and bath.
      45 Business Park Cir, Ruckersville, VA 22968
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    • Contact for pricing
      6,700 SF

      Ruckersville Office Space For Rent

      6,700 SF office suite available for lease in Ruckersville.
      5920-5924 Seminole Trl, Ruckersville, VA 22968
      View Details
    • Contact for pricing

      Spotswood Trail Land for Lease

      1.30 acre land parcel available for lease.
      13900 Spotswood Trl, Ruckersville, VA 22968
      View Details
    • $22 SF/Yr
      1,198 SF

      Retail Space Near Walmart, Lowe's

      Retail space available in a Walmart and Lowe's anchored center.
      138 Stoneridge Dr, Ruckersville, VA 22968
      View Details

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    Similar Nearby for Lease

    • $9 SF/Yr
      14,876 SF

      Versatile Warehouse, Flex, Office, Lab Space

      Adaptable space for warehouse, flex, office, and lab uses.
      623 Welsh Run Rd, Ruckersville, VA 22968
      View Details
    • Contact for pricing
      3,785 SF

      Stone Ridge Office Park, Ruckersville

      Medical & Office Suites Available in VA
      118 Stoneridge Dr, Ruckersville, VA 22968
      View Details
    • $950 /Mo
      850 SF

      Ruckersville Office Space For Rent

      Office space with private office, reception, kitchenette, and bath.
      45 Business Park Cir, Ruckersville, VA 22968
      View Details
    • Contact for pricing
      6,700 SF

      Ruckersville Office Space For Rent

      6,700 SF office suite available for lease in Ruckersville.
      5920-5924 Seminole Trl, Ruckersville, VA 22968
      View Details
    • $22 SF/Yr
      1,198 SF

      Retail Space Near Walmart, Lowe's

      Retail space available in a Walmart and Lowe's anchored center.
      138 Stoneridge Dr, Ruckersville, VA 22968
      View Details
    • Contact for pricing

      Spotswood Trail Land for Lease

      1.30 acre land parcel available for lease.
      13900 Spotswood Trl, Ruckersville, VA 22968
      View Details
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    623 Welsh Run Rd
    Ruckersville, VA 22968
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    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
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