5309 Commonwealth Centre PkwyMidlothian, VA 23112
- Office properties
- 66,864 SF
Property Details for 5309 Commonwealth Centre Pkwy
- Year built
- 1989
- Lot size
- 6.58 AC
- Property size (Sq ft)
- 66,864 SF
- Zone code
- I1 - LT INDUSTRIAL DIST
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 736-67-67-06-800-000
- APU
- 736676706800000
Description
This exceptional executive office space, located at 5309 Commonwealth Centre Pkwy in Midlothian, Virginia, offers a prime opportunity for businesses seeking a prestigious address in Chesterfield County. The Commonwealth Centre boasts a total of 4,546 square feet, currently entirely vacant and available for lease. Two distinct spaces are available, providing flexibility for various business needs. One option offers a minimum of 1,936 square feet, while the maximum contiguous space available is 2,610 square feet. This allows for businesses of different sizes to find a suitable fit within this modern and well-maintained building. The property's convenient location in Midlothian, Virginia (zip code 23112), provides easy access to major transportation routes and amenities, making it an ideal location for both employees and clients. The building's executive office subtype ensures a professional and sophisticated environment, perfect for businesses seeking to project an image of success and stability. The entire 4,546 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to occupy the available spaces. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure high-quality office space in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,405,539
- 6.5%
- $11,451,267
- 7%
- $10,633,319
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,504,209
- Geo Method
- $11,166,957
-
Alternative Use
- Use
- Valuation
- Residential
- $14,199,571
- Hospitality
- $13,006,731
- Educational
- $10,821,447
- Medical
- $11,193,614
- Retail
- $16,833,362
Location Insight
- City
- Midlothian
- County
- Chesterfield
- State
- Virginia
- Latitude
- 37.4175
- Longitude
- -77.6262
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].