Industrial Land with Warehouse
54 Plaza Dr Manakin Sabot, VA 23103
54 Plaza Dr Manakin, Sabot, VA, 23103
$2,500,000
For Sale
$2,500,000
0.896-acre industrial site with a 14,850 SF warehouse building zoned M1 for multiple industrial uses.
Property Size14,850 SF
Lot Size0.90 Acres
Price / SF$168.35
Days on Market8
Property Features for 54 Plaza Dr Manakin
General Information
- Standard status
- Active
- Size
- 14,850 SF
- Lot size
- 0.90 Acres
- Property subtype
- Industrial Building + Land
Building Details
- Year Built
- 1990
Listing Agency
Taylor Long Properties Commercial Real Estate
(804) 539-7793
Listed by
Ellen Long · License #0225090856
(804) 539-7793
Source
Taylorlongproperties
Added: Jul 9 Checked: Jul 16 at 4:40 am
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 Taylor Long Properties Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering consists of 0.896 acres of industrial land improved with a 14,850 SF warehouse building. The property is zoned M1, which supports multiple industrial uses.
Located in Manakin Sabot within Goochland County, the site benefits from reported traffic of 14,000 VPD on Broad Street Rd and 11,000 VPD on Ashland Rd.
With an existing warehouse improvement on a compact industrial parcel, the property provides a straightforward foundation for businesses seeking an M1-zoned industrial facility.
Located in Manakin Sabot within Goochland County, the site benefits from reported traffic of 14,000 VPD on Broad Street Rd and 11,000 VPD on Ashland Rd.
With an existing warehouse improvement on a compact industrial parcel, the property provides a straightforward foundation for businesses seeking an M1-zoned industrial facility.
Key Highlights
- 0.896‑acre industrial site with a 14,850 SF building
- 14,850 SF warehouse situated on 0.896 acres
- Zoned M1 in Manakin Sabot/Goochland County with potential for multiple industrial uses
Local 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 | $174.6k | $11.76 |
| − Vacancy | −$8.7k | −$0.59 |
| EGI | $165.9k | $11.17 |
| − OpEx | −$24.9k | −$1.68 |
| NOI | $141.0k | $9.50 |
14,850 SF · lease $11.76/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.01M
$1.76M – $2.35M
NOI $141,019 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,159 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
M.Y. Taekwondo & After ...
Training Center
Master Yi's Olympic ...
Sports School
Similar For Sale Nearby
Similar Off Market Nearby
- Centerville Self Storage — 12943 Plaza Dr, Richmond, VA 23233
- Broadview Mini Storage — 38 Broad St Rd, Manakin-Sabot, VA 23103
FAQs
What type of property is this?
Warehouse - 0.896-acre industrial site with a 14,850 SF warehouse building zoned M1 for multiple industrial uses.
Where is this warehouse located?
The property is located at 54 Plaza Dr Manakin Sabot, VA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 0.896‑acre industrial site with a 14,850 SF building; 14,850 SF warehouse situated on 0.896 acres; Zoned M1 in Manakin Sabot/Goochland County with potential for multiple industrial uses
