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Property profile & analytics

7293 Hanover Grn Dr Mechanicsville, VA 23111-1791

  • Commercial real estate
  • 6,544 SF
  • 0.57 lot acres
OFF-MARKET
Last Sale
May 26, 2025
$825,000
Value Estimations
$770,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US87-0527174
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

  • 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

Property Details for 7293 Hanover Grn Dr

Year built
1979
Lot size
0.57 lot acres
Property size
6,544 SF
Zone code
B-1
Property type
Commercial real estate
APN
8704-85-3505
APU
8704853505

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $955,000
    6.5%
    $885,000
    7%
    $820,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $554,000
    Market price range: $316k - $1.15M

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


Location Insight

  • Map
  • Local Demand
City
Mechanicsville
County
Hanover
State
Virginia
Longitude
-77.3767
Latitude
37.6044
CBSA code
40060
CBSA name
RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,279
$201,100
$574,100
$775,200
-
$201,100
$574,100
$775,200
More about this property
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