12868 Patterson AveRichmond, VA 23238
- Mixed-use properties
- 0.17 AC
Property Details for 12868 Patterson Ave
- Year built
- 2023
- Lot size
- 0.17 AC
- Zone code
- RO -RES/OF
- Property type
- Mixed-use properties
- Property subtype
- Other industrial properties
- APN
- 63 43 CV4
- APU
- 6343CV4
Description
Creekmore Office Park offers 15,000 square feet of flexible office space in Richmond, VA, ideally situated near the 288 interchange and West Creek on Patterson Avenue. This three-building, single-story office park features 6,000 square feet per building, currently in shell condition, allowing for complete customization to meet specific business needs. The property boasts a total of 18,000 square feet of vacant space, with a minimum divisible unit of 3,000 square feet, suitable for various tenancy arrangements. Built in 2023, the park is zoned R-O and sits on a 0.5-acre lot (APN: 63-43-0-CV4-0, 63-43-0-CV3-0, 63-43-0-CV2-0). The energy-efficient design, utilizing insulated concrete construction, ensures low operating costs and a comfortable environment. The park is already home to established businesses, providing a thriving and reputable office community. The owner offers design coordination and turnkey buildout services, ensuring a seamless transition for new tenants. This prime location offers convenient access to all parts of the city, making it an attractive option for businesses seeking a modern, efficient, and well-located office space. The single-story design with ample parking is particularly beneficial for businesses with patient or client traffic.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,914,291
- 6.5%
- $1,767,038
- 7%
- $1,640,820
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,894,378
- Geo Method
- $1,894,378
-
Alternative Use
- Use
- Valuation
- Residential
- $1,767,038
- Hospitality
- $1,618,597
- Educational
- $1,346,654
- Medical
- $1,392,967
- Retail
- $2,094,794
Location Insight
- City
- Richmond
- County
- Goochland
- State
- Virginia
- Latitude
- 37.6011
- Longitude
- -77.677
- 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
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- Please email our support team at [email protected] and they will add the team member.
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