2820 Waterford Lake DrMidlothian, VA 23112

Property Details for 2820 Waterford Lake Dr

Year built

1989

Lot size

4.96 AC

Property size (Sq ft)

23,495 SF

Zone code

I1 - LT INDUSTRIAL DIST

Property type

Office buildings

APN

729-68-97-67-800-000

APU

729689767800000

Description

Waterford One offers exceptional office space at the intersection of Routes 288 and 76. This 48,000 square foot Class A building sits on 4.96 acres of lakefront property, boasting stunning walking trails and water views. Currently, three suites are available, ranging from 2,251 to 8,132 square feet, ideal for executive or medical office uses. Built in 1989, the building is zoned I-1 and features ADA accessibility. New ownership has ambitious plans for extensive interior and exterior renovations, promising a modern and updated workspace. The property's prime location and impressive amenities make it an attractive option for businesses seeking a prestigious and functional office environment. The building's substantial size and multiple tenancy options provide flexibility for various business needs. The parcel number is 729-68-97-67-800-000. Don't miss this opportunity to secure your ideal office space in this desirable location. Contact us today to learn more about available suites and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $4,956,433

  6.5%

  $4,575,169

  7%

  $4,248,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,923,900

  Geo Method

  $3,923,900

• Alternative Use

  Use

  Valuation

  Residential

  $5,673,210

  Hospitality

  $5,196,629

  Educational

  $4,323,534

  Medical

  $4,472,228

  Retail

  $6,725,498

Location Insight

City

Midlothian

County

Chesterfield

State

Virginia

Latitude

37.4535

Longitude

-77.6495

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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