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Journal Complex 10244-10258 Kings Hwy 8,000 SF 100% Leased Office Building King George, VA 22485 $925,000 ($115.63/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Kings Hwy visibility with high traffic counts
- Flexible floorplans appeal to a wide range of users Well-maintained property
- Strong accessibility to Route 3 and 301 corridors
- Diverse tenant mix with professional and service uses
- Well-maintained property
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$187,566
|
$23.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$187,566
|
$23.45
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$65,942
|
$8.24
|
| Net Operating Income |
$121,624
|
$15.20
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $187,566 |
| Annual Per SF | $23.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $187,566 |
| Annual Per SF | $23.45 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $65,942 |
| Annual Per SF | $8.24 |
| Net Operating Income | |
|---|---|
| Annual | $121,624 |
| Annual Per SF | $15.20 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,000 SF
Building Class
B
Year Built
2008
Price
$925,000
Price Per SF
$115.63
Cap Rate
6.65%
NOI
$61,488
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,000 SF
Slab To Slab
10’
Building FAR
0.06
Lot Size
3.00 AC
Zoning
C-2 - C-2 zoning is a commercial zoning district that's intended to provide space for commercial uses
Parking
35 Spaces (4.38 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 24-177 | Improvements Assessment | $668,800 (2025) |
| Land Assessment | $220,200 (2025) | Total Assessment | $889,000 (2025) |
PROPERTY TAXES
Parcel Number
24-177
Land Assessment
$220,200 (2025)
Improvements Assessment
$668,800 (2025)
Total Assessment
$889,000 (2025)
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PHOTOS
STREET VIEW
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Journal Complex | 10244-10258 Kings Hwy
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