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Property profile & analytics
OFF-MARKET Estimated value $770,000
Commercial real estate

7293 Hanover Grn Dr Mechanicsville, VA 23111-1791

6,544 SF 0.57 ac lot Built 1979
Entity Owned ~ Est. High Equity
Property ID
US87-0527174
Property summary
AI-generated overview

This exceptional three-story office building, located at 7293 Hanover Green Drive in Mechanicsville, Virginia, presents a compelling investment or owner-occupant opportunity. The 9,600 square foot building, constructed in 1979 and renovated in 2020, sits on a 0.57-acre lot and is currently 90% occupied across its 20 units. The property boasts a Class B designation and is zoned B-1, offering considerable flexibility for various business uses. The gross lease structure simplifies management, while the multi-tenancy provides a diversified income stream. The asking price is $960,000, translating to $100 per square foot. Key features include a single building on three stories, providing ample space for a variety of business needs. The property's location in Mechanicsville, VA, zip code 23111, offers convenient access to local amenities and transportation routes. This well-maintained property represents a strong investment opportunity with significant potential for future growth and return. The building's recent renovation ensures modern functionality and aesthetics, making it an attractive option for both investors and businesses seeking a prime location in a thriving community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1979
Total area 6,544 SF
Lot 0.57 ac (24,829 SF)
Zoning code B-1
APN 8704-85-3505
UPID US87-0527174
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
  • Learning Specialists of Va Inc Tutoring Service
  • The House of Luxury LLC Hair Salon
  • Exclusive Events Event Planning Wedding Service
  • Aacs Inc Retirement Community Nursing Home
  • Reflections Counseling Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$885k
Comparable Approach Comparable
$555k
Blend (final) Blend
$770k
Owner & transaction history
Maxsal Properties LLC
Maxsal Properties LLC
since 2025
Last sale
$825,000
2 recorded transactions
2025
$825,000
2007
Price N/A
Zoning & alternative use
B-1 · Mechanicsville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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