400 Southlake BlvdRichmond, VA 23236

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

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.

• 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

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

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