Office/Warehouse Buildings in Fan
12 S Lombardy St Richmond, VA
For Sale
Contact for pricing
11,865 SF office/warehouse buildings in Richmond's Fan District.
Property Size11,865 SF
Lot Size0.18 Acres
Price / SF$143.28
Days on Market487
Property Features for 12 S Lombardy St
General Information
Standard status
Active
Size
11,865 SF
Lot size
0.18 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Porter Realty Company, Inc - CORFAC International
(804) 521-1468
Listed By:
Kevin Cox
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:44AM
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
Investment Insights
Based on property information with market context.
The property features a total of 11,865 square feet of office and warehouse buildings, situated on a 0.404-acre lot. It is zoned R-7 and UB. The location provides proximity to I-95, I-64, and I-195. It is located in the Fan District of Richmond, Virginia.
Key Highlights
- Proximate to I‑95/I‑64/I‑195
- 11,865 SF +/- Total Office/Warehouse Buildings
- Located in The Fan District
Financial Insights For Warehouse
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 | $139.5k | $11.76 |
| − Vacancy | −$7.0k | −$0.59 |
| EGI | $132.6k | $11.17 |
| − OpEx | −$19.9k | −$1.68 |
| NOI | $112.7k | $9.50 |
11,865 SF · lease $11.76/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.28M
$1.99M – $2.66M
NOI $159,524 @ 7.0% cap · market cap 9.38%
Second Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,672 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,885 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Self-Storage at U-Haul — 900 N Lombardy St, Richmond, VA 23220
Frequently Asked Questions
What type of property is this?
Warehouse - 11,865 SF office/warehouse buildings in Richmond's Fan District.
Where is this warehouse located?
The property is located at 12 S Lombardy St Richmond, VA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Proximate to I‑95/I‑64/I‑195; 11,865 SF +/- Total Office/Warehouse Buildings; Located in The Fan District
