Warehouse Building with Route 1
11299 Washington Hwy Ashland, VA 23005
11299 Washington Hwy, Ashland, VA, 23005
$1,600,000
For Sale
$1,600,000
Warehouse building on one acre with Route 1 frontage, zoned M-2, with water and sewer.
Property Size9,700 SF
Lot Size4.70 Acres
Price / SF$164.95
Days on Market85
Property Features for 11299 Washington Hwy
General Information
- Standard status
- Active
- Size
- 9,700 SF
- Lot size
- 4.70 Acres
Listing agency
Weichert Home Run Realty
(804) 400-5574
Listed by
Emma Lee Mitchell · License #0225150896
(804) 400-5574
Source
Exprealty
Added: Apr 29 Updated: Jul 21 at 9:41PM Checked: Jul 21 at 9:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Home Run Realty
Investment Insights
Based on property information with market context.
This for-sale warehouse building is situated on one acre and includes water and sewer service. The property is zoned M-2 and is positioned with Route 1 frontage.
In addition to the main parcel, there are two adjacent lots available for sale with a building: a 1.5-acre lot with Route 1 frontage and a separate 2.2-acre lot behind the main building with access by Central Drive.
The offering includes the primary warehouse structure plus options to expand through the adjacent parcels.
In addition to the main parcel, there are two adjacent lots available for sale with a building: a 1.5-acre lot with Route 1 frontage and a separate 2.2-acre lot behind the main building with access by Central Drive.
The offering includes the primary warehouse structure plus options to expand through the adjacent parcels.
Key Highlights
- 9,700 SF warehouse building on 1 acre
- Route 1 frontage
- Zoned M‑2
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.0k | $8.14 |
| − Vacancy | −$3.3k | −$0.34 |
| EGI | $75.6k | $7.80 |
| − OpEx | −$11.3k | −$1.17 |
| NOI | $64.3k | $6.63 |
9,700 SF · lease $8.14/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$918.5K
$803.7K – $1.07M
NOI $64,295 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,449 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ashland Moose Lodge ...
Volunteer Organization
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FAQs
What type of property is this?
Warehouse - Warehouse building on one acre with Route 1 frontage, zoned M-2, with water and sewer.
Where is this warehouse located?
The property is located at 11299 Washington Hwy Ashland, VA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 9,700 SF warehouse building on 1 acre; Route 1 frontage; Zoned M‑2
