3900 Westerre PkwyRichmond, VA 23233

  • Office properties
  • 81,212 SF
For Lease
$46/SF/YR View listing

Property Details for 3900 Westerre Pkwy

Year built
2006
Lot size
4.08 AC
Property size (Sq ft)
81,212 SF
Zone code
O-3C
Property type
Office properties
Property subtype
Office buildings
APN
749-759-7627
APU
7497597627

Description

This prestigious Henrico County, VA office building at 3900 Westerre Parkway offers a variety of workspace solutions. The 13,017 square foot building, renovated in 2019, boasts 350 suites and currently has 5,970 square feet of vacant space available. Options range from private, fully furnished executive offices, ideal for individuals or large companies, to flexible coworking spaces and even disaster recovery solutions. Units are available from a minimum of 10 square feet up to a maximum contiguous space of 1,300 square feet, catering to diverse business needs. The building features modern amenities including elevators and a grand, pillared reception area. Its prime location, just 15 minutes from downtown Richmond, provides easy access to major banks like Wells Fargo and First Capital, and places your business near leading technology and recruitment firms. The building's blend of traditional elegance and contemporary design creates a sophisticated and productive work environment. Benefit from a comprehensive support program including exclusive discounts and procurement assistance. This Class A property offers an unparalleled opportunity to establish or expand your business in a thriving Richmond location. The building is conveniently located in the 23233 zip code.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $17,132,234
    6.5%
    $15,814,369
    7%
    $14,684,771
  • Comparable approach

    Method
    Valuation
    Relative Method
    $13,563,216
    Geo Method
    $13,563,216
  • Alternative Use

    Use
    Valuation
    Residential
    $19,609,818
    Hospitality
    $17,962,488
    Educational
    $14,944,579
    Medical
    $15,458,546
    Retail
    $23,247,122
3900 Westerre Pkwy, Richmond, Virginia

Location Insight

City
Henrico
County
Henrico
State
Virginia
Latitude
37.6438
Longitude
-77.5785
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
2023
$88,082
$889,500
$9,473,100
$10,362,600
-
$889,500
$9,473,100
$10,362,600

FAQs

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