For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ashland Industrial Property For Sale Title is generated by Realmo AI

    10991 Richardson Rd, Ashland, VA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    40,000 SF industrial property in Ashland, Virginia.

    Type:INDUSTRIAL
    Property size:
    40,000 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $73/SF
    Added:
    Dec 8, 2022
    Days on Market:
    1279
    Last Refresh:
    May 20 at 8:36 pm

    Property Features for 10991 Richardson Rd

    General Information

    Standard status
    Active
    Size
    40,000 SF
    Lot size
    3.00 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 10991 Richardson Rd Contact us

    We can help!

    Listing Contact
    Kevin Cox
    Kevin Cox

    Listing agent Kevin Cox

    Listing office Porter Realty Company, Inc - CORFAC International

    Listing date Dec 8, 2022

    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 Porter Realty Company, Inc - CORFAC International

    HighLights

    • Call For Information

    Overview

    This industrial property, located in Ashland, Virginia, offers 40,000 square feet of space. Call for information.

    Local Financial Insights For Industrial

    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 $325.6k $8.14
    − Vacancy −$13.7k −$0.34
    EGI $311.9k $7.80
    − OpEx −$93.6k −$2.34
    NOI $218.3k $5.46
    40,000 SF · lease $8.14/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $3.12M
    $2.73M – $3.64M (±1% cap)
    NOI $218,347 @ 7.0% cap · market cap 7.40%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $12.04M
    $10.54M – $14.05M (±1% cap)
    NOI $843,087 @ 7.0% cap · market cap 28.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Skyfall Exteriors LLC Roofing Company Anytime Storage LLC Storage Facility Richmond Steel Inc General Contractor Techni Reps Inc Building Supply Toomey R J Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.4413
    Latitude
    37.6982

    FAQs

    What type of property is this?
    Industrial property - 40,000 SF industrial property in Ashland, Virginia.
    Where is this industrial property located?
    The property is located at 10991 Richardson Rd Ashland, VA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Call For Information
    (804) 353-7994 Call to check price and availability
    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