Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10780 Old Washington Hwy Glen Allen, VA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    44,015 SF manufacturing warehouse with cranes and outside storage.

    Type:INDUSTRIAL
    Property size:
    85,820 SF
    Lot size:
    15.50 Acres
    Added:
    Nov 2, 2023
    Days on Market:
    912
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 10780 Old Washington Hwy

    General Information

    Standard status
    Active
    Size
    85,820 SF
    Lot size
    15.50 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Danny Holly
    Danny Holly

    Listing agent Danny Holly

    Listing office Cushman & Wakefield | Thalhimer - Corporate

    Listing date Nov 2, 2023

    Source Moodyscre

    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 Cushman & Wakefield | Thalhimer - Corporate

    Overview

    Manufacturing Warehouse with Crane Access

    This 44,015 square foot manufacturing warehouse includes 1,477 square feet of office space and 10,070 square feet of garage space. The property features a 14-foot ceiling height, rail access, and an inground scale. It is equipped with one two-ton crane, one five-ton crane, two fifteen-ton cranes, two five-ton cranes, and one ten-ton crane. Approximately 10 acres of stoned outside storage are available. Currently, 30,258 square feet of space is leased to four tenants. This property presents an owner/occupier opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RichPro Pest Management, ... Garden Center Oilfield Pipe & Supply ... Factory United Electrical Sales ... Industrial Manufacturer Affordable Gutters, Siding ... Construction Company Stromberg Metal Works ... Production Facility

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Allen
    County
    Henrico
    State
    Virginia
    Longitude
    -77.5033
    Latitude
    37.6679

    Nearby Similar for Sale

    • $1,900,000
      3,264 SF

      Freestanding Bank Building For Sale

      Freestanding bank building in Richmond's premier retail submarket.
      4180 Dominion Boulevard, Glen Allen, VA, 23060
      View Details
    • $2,000,000
      4,201 SF

      Innsbrook Shoppes Outparcel For Sale

      Spacious outparcel in Innsbrook Corporate Center, Richmond MSA.
      4020 Cox Road, Glen Allen, VA, 23060
      View Details
    • Contact for pricing
      38,393 SF

      Glen Allen Office Building For Sale

      Class A office building with flexible options for sale/lease.
      4851 Cox Rd, Glen Allen, VA 23060
      View Details
    • Contact for pricing

      ALDI NNN Lease Investment Opportunity

      NNN lease investment opportunity with ALDI in Glen Allen, VA.
      10310 Washington Hwy, Glen Allen, VA 23059
      View Details
    • $400,000
      1,383 SF

      Functional Office Condo For Sale

      1,383 SF office condo with five private offices.
      11535 Nuckols Road, Glen Allen, VA 23059
      View Details
    • $6,500,000
      40,632 SF

      Glen Allen Warehouse with Expansion Potential

      Warehouse with office, break room, and expansion possibilities.
      1100 Technology Park Dr, Glen Allen, VA
      View Details
    • Contact for pricing

      Luxury Multifamily Community in Richmond

      420-unit luxury multifamily community in Richmond's West End retail corridor.
      4501 Marshall Run Cir, Glen Allen, VA 23059
      View Details
    • Contact for pricing
      19,355 SF

      Innsbrook Freestanding Office Building

      19,355 SF office building in Innsbrook Corporate Park.
      4144 Innslake Dr, Glen Allen, VA
      View Details
    • $1,250,000
      5,798 SF

      Glen Allen Office Building For Sale

      Two-story office building with basement storage and ample parking.
      1201 Old Francis Rd, Glen Allen, VA
      View Details
    • $950,000
      1,283 SF

      Retail Property with Route 1 Frontage

      Retail property for sale with additional income potential.
      9101 Brook Rd, Glen Allen, VA
      View Details
    • Contact for pricing
      19,355 SF

      Innsbrook Corporate Park Office Building

      19,355 SF office building in Innsbrook Corporate Park.
      4194-4196 Innslake Dr, Glen Allen, VA
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 44,015 SF manufacturing warehouse with cranes and outside storage.
    Where is this manufacturing property located?
    The property is located at 10780 Old Washington Hwy Glen Allen, VA.
    What are key features of this property?
    This property features: 44,015 SF Manufacturing Warehouse; Multiple Cranes: 2‑15 ton, 3‑5 ton, 1‑10 ton, 1‑2 ton; Approximately 10 AC of stoned outside storage
    (804) 514-1010 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Danny Holly
    Danny Holly
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!