I-95 Visible Industrial Building

3405 Commerce Rd, Richmond, VA 23234

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For Sale

$5,100,000

Single-tenant, long-term lease investment opportunity in Richmond, Virginia.

Type:Commercial

Property size:

41,396 SF

Lot size:

3.46 Acres

Price / SF:

$123/SF

HighLights

Strong cash flow investment property with market annual increases.
Long‑term lease in place with Git The Trucking Commercial Tires.
Highly visible location with I‑95 frontage.
Triple Net Lease structure with tenant responsible for all expenses.
41,396 sf building with loading docks, drive‑in door, levelers, and ample power (3 phase/240 V/ 3000‑amp).
Located in the strong Richmond industrial market at the intersection of I‑95 and I‑64.

We can help!

Listing Contact

Thomas Rosman

Learn more

For Sale

$5,100,000

Single-tenant, long-term lease investment opportunity in Richmond, Virginia.

Type:Commercial

Property size:

41,396 SF

Lot size:

3.46 Acres

Price / SF:

$123/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 5:46 pm

Property Features for 3405 Commerce Rd

General Information

Standard status: Active
Size: 41,396 SF
Lot size: 3.46 Acres
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

Thomas Rosman

Listing agent Thomas Rosman License #0225206546

Listing office One South Commercial LLC

Listing date Apr 24, 2026

Source Elliman

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 One South Commercial LLC

HighLights

Strong cash flow investment property with market annual increases.
Long‑term lease in place with Git The Trucking Commercial Tires.
Highly visible location with I‑95 frontage.
Triple Net Lease structure with tenant responsible for all expenses.
41,396 sf building with loading docks, drive‑in door, levelers, and ample power (3 phase/240 V/ 3000‑amp).
Located in the strong Richmond industrial market at the intersection of I‑95 and I‑64.

Overview

This single-tenant industrial building in Richmond, Virginia, presents a long-term lease investment opportunity. The property is currently leased to Git The Trucking Commercial Tires, a commercial tire installation and road service company. The one-story building, previously used for printing and direct mail, offers approximately 41,396 square feet of conditioned space. It features three loading docks, one drive-in door, and two levelers. Electrical service is 3-phase, 240V, 3000-amp. The 3.46-acre parcel includes approximately 177 parking spaces. The property is highly visible from I-95. Located in a strong industrial market, the property benefits from its location at the intersection of I-95 and I-64, making it a suitable distribution location for the East Coast. The lease structure is Triple Net, with the tenant responsible for real estate taxes, building insurance, utilities, and maintenance.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$486.8k	$11.76
− Vacancy	−$24.3k	−$0.59
EGI	$462.5k	$11.17
− OpEx	−$69.4k	−$1.68
NOI	$393.1k	$9.50

41,396 SF · lease $11.76/SF/yr · vacancy 5.00% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$5.62M

$4.91M – $6.55M (±1% cap)

NOI $393,105 @ 7.0% cap · market cap 7.71%

Second Best

Industrial

$3.75M

$3.28M – $4.37M (±1% cap)

NOI $262,465 @ 7.0% cap · market cap 5.15%

Theoretical Best

Office A

$9.56M

$8.37M – $11.16M (±1% cap)

NOI $669,471 @ 7.0% cap · market cap 13.13%

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

Location Intelligence

Current Use by Public Records

CC Staffing service Employment Agency Git The Trucking Commercial ... (Bike/Boat/Book/etc) Store 69 Chosen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Richmond
County: Richmond City
State: Virginia
Longitude: -77.4305553
Latitude: 37.4761994

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For sale
Warehouses
VA
Richmond
23234
3405 Commerce Rd

What type of property is this?

Warehouse - Single-tenant, long-term lease investment opportunity in Richmond, Virginia.

Where is this warehouse located?

The property is located at 3405 Commerce Rd Richmond, VA.

What is the asking price?

The asking price for this property is $5,100,000.

What are key features of this property?

This property features: Strong cash flow investment property with market annual increases.; Long‑term lease in place with Git The Trucking Commercial Tires.; Highly visible location with I‑95 frontage.