6802 Paragon PlRichmond, VA 23230

Property Details for 6802 Paragon Pl

Year built

1990

Lot size

7.53 AC

Property size (Sq ft)

147,815 SF

Zone code

B-2C

Property type

Office buildings

APN

769-746-2635

APU

7697462635

Description

Two Paragon Place in Richmond, VA, offers exceptional Class A office space within a stunning, modern building (23,230 total square feet) renovated in 2019. This Henrico County location boasts a prestigious campus setting, ideal for businesses seeking a professional image. The property features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet of space is available. The building offers various office configurations, including executive suites, coworking spaces, and creative office layouts, catering to diverse business needs. Amenities include elevators and an elegant reception area. Enjoy floor-to-ceiling windows offering panoramic views, and benefit from the convenient location near hotels, restaurants, and major interstates (I-95, I-64, and I-195), providing easy access to downtown Richmond. This property is perfect for businesses seeking a sophisticated and well-connected workspace in a thriving area. The building's tenant mix includes government, banking, and legal professionals, reflecting its high-quality environment.

• CAP approach

  CAP return

  Valuation

  6%

  $31,182,598

  6.5%

  $28,783,936

  7%

  $26,727,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,686,584

  Geo Method

  $24,686,584

• Alternative Use

  Use

  Valuation

  Residential

  $35,692,080

  Hospitality

  $32,693,754

  Educational

  $27,200,820

  Medical

  $28,136,298

  Retail

  $42,312,384

Location Insight

City

Richmond

County

Henrico

State

Virginia

Latitude

37.6075

Longitude

-77.5115

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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