400 Southlake BlvdRichmond, VA 23236

  • Office properties
  • 800 SF
For Sale
$235,000 View listing

Property Details for 400 Southlake Blvd

Year built
1981
Lot size
0.12 AC
Property size (Sq ft)
800 SF
Zone code
I1 - LT INDUSTRIAL DIST
Property type
Office properties
Property subtype
Other office properties
APN
742-70-60-78-500-001
APU
742706078500001

Description

This exceptional 1,290 square foot executive office condo is situated in the desirable Southport Office Condominium Complex at 400 Southlake Blvd, Unit D, Richmond, VA 23236. The two-story building offers a well-designed layout including private offices and a dedicated conference room, providing ample space for a growing business. Restrooms are conveniently located on each floor. The property is professionally managed and maintained, ensuring a seamless and efficient work environment. Two reserved parking spaces are included, adding convenience for employees and clients. This prime location offers easy access to major roadways, including Midlothian Turnpike, and is less than a mile from Chesterfield Towne Center, providing convenient access to a variety of retail options and amenities. The asking price for this turnkey office space is $235,000. Tenants are responsible for all utilities. This presents a unique opportunity for business owners seeking ownership in a thriving commercial area. The property is located in Chesterfield County, Virginia.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $168,766
    6.5%
    $155,784
    7%
    $144,656
  • Comparable approach

    Method
    Valuation
    Relative Method
    $133,608
    Geo Method
    $133,608
  • Alternative Use

    Use
    Valuation
    Residential
    $193,172
    Hospitality
    $176,944
    Educational
    $147,215
    Medical
    $152,278
    Retail
    $229,002
400 Southlake Blvd, Richmond, Virginia

Location Insight

City
North Chesterfield
County
Chesterfield
State
Virginia
Latitude
37.5001
Longitude
-77.6066
CBSA code
40060
CBSA name
RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,423
$22,600
$129,400
$152,000
-
$22,600
$129,400
$152,000

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