2819 Parham RdRichmond, VA 23294

Property Details for 2819 Parham Rd

Year built

1976

Lot size

2.26 AC

Property size (Sq ft)

35,860 SF

Zone code

O-2

Property type

Office properties

Property subtype

Office buildings

APN

758-753-9840

APU

7587539840

Description

This exceptional two-story Class B medical office building, located at 2819 N Parham Rd, Richmond, VA 23294 (cross streets: Mayland Dr), offers a total of 35,920 square feet of space. The property is zoned O-2 and situated in Henrico County, providing convenient access for patients and staff. Multiple tenancy options are available, with a maximum of 6,000 contiguous square feet currently available for lease. The building boasts ample parking, with 1,000 spaces providing a generous 4.01 parking ratio. This ensures convenient parking for both patients and staff. The property is ideal for a variety of medical practices seeking a well-maintained and accessible location. Its strategic location in Richmond offers excellent visibility and accessibility. Interested parties should inquire about available suite sizes and lease terms. The building's substantial size and ample parking make it a highly desirable location for medical professionals seeking to establish or expand their practice in a thriving community. This is a fantastic opportunity to secure prime medical office space in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,564,915

  6.5%

  $6,982,998

  7%

  $6,484,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,988,978

  Geo Method

  $5,988,978

• Alternative Use

  Use

  Valuation

  Residential

  $8,658,918

  Hospitality

  $7,931,522

  Educational

  $6,598,934

  Medical

  $6,825,881

  Retail

  $10,265,008

Location Insight

City

Henrico

County

Henrico

State

Virginia

Latitude

37.6274

Longitude

-77.5467

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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