10960 Three Chopt RdRichmond, VA 23233

Property Details for 10960 Three Chopt Rd

Year built

1990

Lot size

0.92 AC

Property size (Sq ft)

8,700 SF

Zone code

B-1C

Property type

Retail properties

Property subtype

Strip malls

APN

747-757-6045

APU

7477576045

Description

This exceptional commercial property, located at 10960 Three Chopt Road in Richmond, Virginia, offers a prime opportunity for businesses seeking office space in the desirable Short Pump market. The building totals 8,700 square feet and features three individual suites available for lease, perfect for a variety of office users. Each suite offers a minimum of 1,044 square feet and a maximum contiguous space of 1,079 square feet, providing flexibility for businesses of different sizes. Currently, 3,193 square feet are vacant and ready for immediate occupancy. The property is classified as both retail and office space, reflecting its versatility and suitability for a range of commercial uses. The building's location ensures high visibility and accessibility, benefiting from its position in a high-traffic area. Ample parking is provided, with a ratio of 4.25 spaces per 1,000 square feet. Situated in Henrico County, Virginia, with a zip code of 23233, this property presents a compelling investment opportunity in a thriving commercial district. The property is ideal for businesses seeking a well-located, versatile, and readily available office space in a vibrant and convenient area. Contact us today to learn more about leasing options and explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,697,928

  6.5%

  $2,490,395

  7%

  $2,312,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,661,527

  Geo Method

  $3,661,527

• Alternative Use

  Use

  Valuation

  Residential

  $2,100,742

  Hospitality

  $1,924,268

  Educational

  $1,600,968

  Medical

  $1,656,028

  Retail

  $2,490,395

Location Insight

City

Henrico

County

Henrico

State

Virginia

Latitude

37.6388

Longitude

-77.5859

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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