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    3405 Commerce Rd Richmond, VA 23224

    For Sale
    $5,100,000

    41,396 SF warehouse with strong tenant and I-95 frontage.

    Property size:
    42,628 SF
    Lot size:
    3.47 Acres

    Property Features for 3405 Commerce Rd

    General Information

    Size
    42,628 SF
    Lot size
    3.47 Acres

    Source: One South Commercial Agent Tom Rosman

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

    Overview

    Richmond Warehouse Fronting I-95

    This 41,396 square foot warehouse is located in Richmond, Virginia, fronting I-95. The property features 12-foot ceilings and three loading docks. A new roof was installed with a 20-year warranty. The location benefits from high visibility, with more than 10,000 vehicles passing by daily on I-95. The property is occupied by a strong local tenant and offers a market cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CC Staffing service Employment Agency Git The Trucking Commercial ... Tire Shop 69 Chosen LLC Screen Printer

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4305553
    Latitude
    37.4761994

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    FAQs

    What type of property is this?
    Warehouse - 41,396 SF warehouse with strong tenant and I-95 frontage.
    Where is this warehouse located?
    The property is located at 3405 Commerce Rd Richmond, VA.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: - Phenomenal location fronting I-95; - Market cap rate; - New roof with a 20 year warranty
    (804) 353-0009
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    3405 Commerce Rd Richmond, VA 23224
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    Richmond, VA 23224
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    Realmo Value Estimation

    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.

    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.

    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
    3405 Commerce Rd Richmond, VA 23224
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