Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2011 Factory Ln Petersburg, VA 23803

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    14,250 SF distribution space in TriCities submarket for lease.

    Property size:
    14,250 SF
    Lot size:
    14,250 SF

    Property Features for 2011 Factory Ln

    General Information

    Size
    14,250 SF

    We can help!

    Listing Contact
    Jason Hetherington, Sior
    Source: Cbre

    Listing Agent: Jason Hetherington, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    TriCities Distribution Space Available

    This property offers 14,250 square feet of distribution space located in the TriCities submarket. The building features a clear height ranging from 22 to 26 feet. It includes both dock and drive-in access. The property is situated on a 0.97-acre lot and is zoned M-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Ship Center Shipping Company

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.371545
    Latitude
    37.2414399

    Nearby Similar for Lease

    • $2,100 /Mo
      8,398 SF

      Renovated Commercial Space in Petersburg

      Move-in ready, flexible commercial space in revitalizing Petersburg, Virginia.
      3212 W Washington St, Petersburg, VA 23803
      View Details
    • $3,000 /Mo

      Retail Strip Mall Near Walmart

      Retail space available in Petersburg, near Walmart and I-95.
      3600 S Crater Rd, Petersburg, VA 23805
      View Details
    • $14 SF/Yr
      50,328 SF

      Petersburg Retail Space For Lease

      Prime Petersburg retail, flexible space available.
      2120 Crater Rd, Petersburg, VA 23805
      View Details
    • $12 SF/Yr
      2,034 SF

      Retail Space in South Crater

      Prime retail space in busy, established Petersburg shopping center.
      3330 S Crater Rd, Petersburg, VA 23805
      View Details
    • $10 SF/Yr
      1,600 SF

      Retail Space in Pinehill Plaza

      Prime retail space in a well-trafficked shopping center.
      3333 S Crater Rd, Petersburg, VA 23805
      View Details
    • Contact for pricing
      993 SF

      Retail Space Near I-95

      Retail space available near I-95 and Southside Regional Hospital.
      2825 S Crater Rd, Petersburg, VA 23805
      View Details
    • Contact for pricing
      7,384 SF

      Retail Space on S Crater

      Retail spaces available, anchored by Citi Trends.
      2001-2043 S Crater Rd, Petersburg, VA 23805
      View Details
    • Contact for pricing
      13,100 SF

      Retail Building Near Major Roads

      13,100 SF retail building with ample parking available for lease.
      3120 S Crater Rd, Petersburg, VA 23805
      View Details
    • $14 SF/Yr
      6,000 SF

      Old Towne Petersburg Office Space

      5,099± SF office space for lease in historic Petersburg.
      30 Franklin St, Petersburg, VA 23803
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Historic Petersburg

      Retail space with excellent access and off-street parking.
      1-3 Sycamore St, Petersburg, VA 23803
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Historic Petersburg

      1,500 SF retail space with excellent I-95 access.
      8 N Sycamore St, Petersburg, VA 23803
      View Details
    • $3,000 /Mo
      1,850 SF

      Renovated Retail Space For Rent

      Newly renovated retail suites with high walkability and great location.
      416 3Rd St, Petersburg, VA 23803
      View Details

    FAQs

    What type of property is this?
    Distribution property - 14,250 SF distribution space in TriCities submarket for lease.
    Where is this distribution property located?
    The property is located at 2011 Factory Ln Petersburg, VA.
    What are key features of this property?
    This property features: - 14,250 SF of distribution space; - Located in the TriCities Submarket; - Benefit from the 22' - 26' clear height
    (804) 402-4002
    Request Owner's contact information
    2011 Factory Ln Petersburg, VA 23803
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2011 Factory Ln
    Petersburg, VA 23803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2011 Factory Ln Petersburg, VA 23803
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jason Hetherington, Sior
    (804) 402-4002
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.