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    550 Rives Rd Petersburg, VA 23805

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    For Sale
    Contact for pricing

    1,700,000 square-foot industrial development in pre-development phase.

    Property size:
    1,700,000 SF
    Lot size:
    23.65 Acres

    Property Features for 550 Rives Rd

    General Information

    Size
    1,700,000 SF
    Lot size
    23.65 Acres

    Source: Lingerfelt CommonWealth Partners Agent John Mason

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

    Overview

    FivePoint Logistics Park Development

    FivePoint Logistics Park is a seven-building, multi-phase, 1,700,000 square-foot ground-up speculative industrial development currently in the pre-development phase of construction. Phase 1 of the project will break ground in late 2025 and will deliver in late 2026. Subsequent phases of the project will break ground following the stabilization of previous phases or in the event of pre-leasing or Build-to-Suit arrangements. The property is located at 550 Rives Rd, Petersburg, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.3479378
    Latitude
    37.1748544

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    FAQs

    What type of property is this?
    Industrial property - 1,700,000 square-foot industrial development in pre-development phase.
    Where is this industrial property located?
    The property is located at 550 Rives Rd Petersburg, VA.
    What are key features of this property?
    This property features: - 1,700,000 square-foot speculative industrial development.; - Multi-phase project with seven buildings.; - Ground-up construction.
    (804) 270-0015
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    Petersburg, VA 23805
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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
    550 Rives Rd Petersburg, VA 23805
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