Richmond Industrial Cold-Storage
1505 Brook Rd Richmond, VA 23220
For Sale
$585,000
6,410 SF industrial/cold-storage facility in Richmond's Chamberlayne Industrial Center.
Property Size6,410 SF
Price / SF$91.26
Days on Market95
Property Features for 1505 Brook Rd
General Information
Standard status
Active
Size
6,410 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
(804) 833-5636
Listed By:
Lee Hutchinson
(804) 833-5636
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 3:34AM
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 Lee Hutchinson
Investment Insights
Based on property information with market context.
Located in Richmond’s Chamberlayne Industrial Center, this 6,410 SF one-story masonry warehouse is strategically positioned just over a mile north of Downtown and the Virginia State Capitol. It offers quick access to I-95 and is a short drive from VCU’s Monroe Park and MCV/VCU Medical Center campuses. Currently operating as a wholesale seafood distribution company, the property features multiple walk-in refrigeration and freezer spaces, large industrial pellet ice machines, and a dedicated office area. The building is designed for logistics functionality, including grade-level and dock-high loading, a large internal forklift ramp, and an industrial elevator from the loading dock to the main level. The property is zoned M-1 with current City use as Storage/Warehouse with an office component and is located within Enterprise Zone III and the Lombardy/Chamberlayne CARE Area. It is served by public water and sewer, with gas and electric on site. The property is suitable for cold storage, seafood or food distribution, commissary use, catering, brewery production, ice manufacturing, or light industrial operations. The location has a bike score of 59, indicating it is bikeable, a walk score of 78, indicating it is very walkable, and a transit score of 43, indicating some transit options are available.
Key Highlights
- Prime location in Richmond's Chamberlayne Industrial Center, close to Downtown, I‑95, VCU, and MCV/VCU Medical Center.
- Equipped for cold storage/food distribution with multiple walk‑in refrigeration/freezer spaces and large industrial pellet ice machines.
- Excellent logistics functionality with grade‑level and dock‑high loading, internal forklift ramp, and industrial elevator.
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 | $63.8k | $9.96 |
| − Vacancy | −$5.8k | −$0.90 |
| EGI | $58.1k | $9.06 |
| − OpEx | −$17.4k | −$2.72 |
| NOI | $40.6k | $6.34 |
6,410 SF · lease $9.96/SF/yr · vacancy 9.06% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$869.6K
$760.9K – $1.01M
NOI $60,871 @ 7.0% cap · market cap 10.41%
Second Best
Industrial
$580.6K
$508.0K – $677.4K
NOI $40,642 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,665 @ 7.0% cap · market cap 17.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- AAAA Self Storage — 1400 Chamberlayne Ave, Richmond, VA 23222
- Self-Storage at U-Haul — 900 N Lombardy St, Richmond, VA 23220
- Self Storage — 212 US-33, Richmond, VA 23220, United States
- Otis Elevator Company — 1642 Ownby Ln, Richmond, VA 23220
Frequently Asked Questions
What type of property is this?
Warehouse - 6,410 SF industrial/cold-storage facility in Richmond's Chamberlayne Industrial Center.
Where is this warehouse located?
The property is located at 1505 Brook Rd Richmond, VA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Prime location in Richmond's Chamberlayne Industrial Center, close to Downtown, I‑95, VCU, and MCV/VCU Medical Center.; Equipped for cold storage/food distribution with **multiple walk‑in refrigeration/freezer spaces and large industrial pellet ice machines.**; Excellent logistics functionality with **grade‑level and dock‑high loading, internal forklift ramp, and industrial elevator.**
