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    FOR LEASE
    Medical Office Space

    681 Hioaks Rd, Richmond, VA 23225

    26,182 SF 1.51 ac lot Built 1988
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US87-0777569
    Property summary
    AI-generated overview

    This exceptional two-story medical office building, located at 681 Hioaks Rd in Richmond, Virginia, 23225, offers a total of 10,477 square feet of space currently available for lease. The building is comprised of three suites, providing flexibility for various medical practices. Individual suites range from a minimum of 1,225 square feet to a maximum contiguous space of 6,487 square feet, catering to a variety of needs and sizes. The property boasts ample parking with 77 spaces available for tenants and their clients. The building's location in Richmond offers excellent visibility and accessibility, making it an ideal location for medical professionals seeking a well-maintained and conveniently situated office space. The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. This is a multi-tenant building, perfect for a group practice or individual medical professionals seeking a collaborative environment. The property is situated at 37.5119763 latitude and -77.5244556 longitude. This is a rare opportunity to secure a substantial and well-appointed medical office building in a desirable Richmond location. Contact us today to schedule a viewing and discuss your leasing options.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL CLINIC
    Year built 1988
    Construction TYPE NOT SPECIFIED
    Total area 26,182 SF
    Lot 1.51 ac (65,950 SF)
    Zoning code R-3 SINGLE FAMILY
    APN C-005-0776-032
    UPID US87-0777569
    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
    • Lori Ann Ryland Physician Medical Clinic
    • Richard Lewis Physician
    • Caruso Anthony C MD Physician
    • DaVita Hioaks At Home Medical Clinic
    • Laurel Purchase Foster Care Service Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.03M
    Owner & transaction history
    681 Hioaks LLC · 11 yrs held
    681 Hioaks LLC
    since 2014
    1 recorded transaction
    2014
    $1.4M
    Zoning & alternative use
    R-3 SINGLE FAMILY · Richmond, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $4.8M +9.3%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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