Warehouse with New Roof and
3405 Commerce Rd Richmond, VA 23234
For Sale
Contact for pricing
Warehouse fronting I-95 with three loading docks, 12' ceilings, and a new roof with 20-year warranty.
Property Size42,628 SF
Price / SF$119.64
Days on Market728
Property Features for 3405 Commerce Rd
General Information
Standard status
Active
Size
42,628 SF
Property subtype
INDUSTRIAL
Listing Agency:
One South Commercial
(804) 539-3017
Listed By:
Tom Rosman · License #0226037201
Source:
Moodyscre
Added: Jul 30, 2024
Changed: Jul 25
Last Checked: Jul 26 at 2:07PM
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
Investment Insights
Based on property information with market context.
This warehouse offers 41,396 square feet with 12' ceilings and three loading docks. The property includes a new roof with a 20-year warranty, and it is currently occupied by a strong local tenant.
The building fronts I-95, providing high daily exposure with more than 10,000 vehicles per day reported on the interstate.
For sale at 3405 Commerce Rd in Richmond, VA 23234, this facility is positioned for straightforward industrial use within an established, roadway-accessible setting.
The building fronts I-95, providing high daily exposure with more than 10,000 vehicles per day reported on the interstate.
For sale at 3405 Commerce Rd in Richmond, VA 23234, this facility is positioned for straightforward industrial use within an established, roadway-accessible setting.
Key Highlights
- 41,396 SF warehouse fronting I‑95 with three loading docks
- 12' ceilings
- New roof with a 20‑year warranty
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 | $501.3k | $11.76 |
| − Vacancy | −$25.1k | −$0.59 |
| EGI | $476.2k | $11.17 |
| − OpEx | −$71.4k | −$1.68 |
| NOI | $404.8k | $9.50 |
42,628 SF · lease $11.76/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.78M
$5.06M – $6.75M
NOI $404,804 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.85M
$8.62M – $11.49M
NOI $689,395 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse fronting I-95 with three loading docks, 12' ceilings, and a new roof with 20-year warranty.
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: 41,396 SF warehouse fronting I‑95 with three loading docks; 12' ceilings; New roof with a 20‑year warranty
