100 Westgate PkwyRichmond, VA 23233

Property Details for 100 Westgate Pkwy

Year built

2001

Lot size

6.03 AC

Property size (Sq ft)

94,229 SF

Zone code

O-3C

Property type

Office properties

Property subtype

Office buildings

APN

737-761-2529

APU

7377612529

Description

This exceptional three-story, Class A office building, totaling 94,230 rentable square feet, presents a unique opportunity for sale or lease in Richmond, Virginia's desirable Innsbrook submarket. Located at 100 Westgate Pkwy, this 2001-built property sits on 6.03 acres and offers flexible space options, with floor plates of approximately 31,410 square feet divisible down to a minimum of 5,000 square feet. Ideal for a corporate headquarters, the building boasts ample parking (399 spaces) and convenient access to Interstates 288 and 64. Enjoy the benefits of a prime location, walking distance to Short Pump Town Centre and its numerous retail and hospitality amenities. On-site amenities include a full-service cafeteria and fitness center, ensuring employee comfort and convenience. The building is equipped with a substantial 4,000-gallon backup diesel generator, providing reliable power. The property is zoned O3 and the current lease rate is $22.00 per square foot. Contact us for sale pricing.

• CAP approach

  CAP return

  Valuation

  6%

  $19,878,260

  6.5%

  $18,349,162

  7%

  $17,038,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,737,185

  Geo Method

  $15,737,185

• Alternative Use

  Use

  Valuation

  Residential

  $22,752,962

  Hospitality

  $20,841,590

  Educational

  $17,339,958

  Medical

  $17,936,306

  Retail

  $26,973,270

Location Insight

City

Henrico

County

Henrico

State

Virginia

Latitude

37.6498

Longitude

-77.6214

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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