6267 Professional Dr Gloucester, VA 23061
- Office buildings
- 2,596 SF
- 0.57 lot acres
Current Use by Public Records
- Office buildings
Property Details for 6267 Professional Dr
- Year built
- 1996
- Lot size
- 0.57 lot acres
- Property size
- 2,596 SF
- Zone code
- B-1
- Property type
- Office buildings
- APN
- 44242
- APU
- 44242
Description
This exceptional 2,596 square foot commercial building, situated on a 0.57-acre lot at 6267 Professional Drive in Gloucester, Virginia, presents a compelling investment opportunity. Currently generating $3,000 per month in rental income, the property offers significant flexibility. The existing tenant has a lease with an option to extend for an additional five years or vacate within three months, catering to both investors seeking immediate returns and owner-operators looking for a quick transition. The single-level brick building is exceptionally well-maintained, requiring minimal upkeep, and boasts a robust capitalization rate, ensuring a strong return on investment. Its B-1 zoning allows for a diverse range of uses, including retail, office space, or mixed-use development, maximizing its potential for future growth and adaptation to market demands. The prime location, conveniently situated just off Short Lane and directly across from Gloucester High School, provides excellent visibility and accessibility, attracting a wide pool of potential tenants. This property is an ideal choice for those seeking to expand their investment portfolio or establish a new business in a thriving community. The combination of high rental income, low maintenance, and versatile zoning makes this a truly exceptional opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $370,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $345,000
- Mixed-Use
- $345,000
- Hospitality
- $360,000
- Educational
- $395,000
- Residential Income
- $430,000
- Energy
- $420,000
- Income-Based Land
- $465,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Gloucester
- County
- Gloucester
- State
- Virginia
- Longitude
- -76.5311
- Latitude
- 37.3847
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA