7605 Forest AveRichmond, VA 23229

Property Details for 7605 Forest Ave

Year built

1985

Property size (Sq ft)

1,250 SF

Zone code

O-3

Property type

Office properties

Property subtype

Office buildings

APN

760-744-6291.403

APU

7607446291403

Description

This exceptional medical office condo, located at 7605 Forest Ave Suite 414 in Richmond, Virginia (zip code 23229), is available immediately. Situated on the Henrico Doctor's Hospital campus in Henrico County, this single-tenant space offers a convenient and prestigious location. The suite enjoys a highly desirable position within the building, located near the elevator lobby and core restrooms for easy patient and staff access. Security is ensured with access-controlled main building entries. The building itself has recently undergone renovations, including updated flooring and a new digital directory, enhancing both aesthetics and functionality. Ample parking is readily available in both the adjacent garage and surface lot. The building benefits from professional management, ensuring a smooth and efficient operational environment. The surrounding area boasts a strong demographic profile, with an average household income of $150,000 and 28% of households earning over $200,000 annually, indicating a high concentration of potential patients. This turnkey medical office condo presents a unique opportunity for healthcare professionals seeking a well-appointed and strategically located practice space. The property is classified as an office condo, specifically a medical office, and is easily accessible.

• CAP approach

  CAP return

  Valuation

  6%

  $263,696

  6.5%

  $243,412

  7%

  $226,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $208,762

  Geo Method

  $208,762

• Alternative Use

  Use

  Valuation

  Residential

  $301,831

  Hospitality

  $276,475

  Educational

  $230,024

  Medical

  $237,935

  Retail

  $357,815

Location Insight

City

Henrico

County

Henrico

State

Virginia

Latitude

37.6041

Longitude

-77.5414

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].