Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Henrico Flex/Industrial Space For Rent Title is generated by Realmo AI

    1540-1590 E Parham Rd, Henrico, VA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    92,969 SF flex/industrial space on 7.18 acres available for rent.

    Type:FLEX_R_AND_D
    Property size:
    9,770 SF
    Lot size:
    7.12 Acres
    Added:
    Sep 10, 2024
    Days on Market:
    632
    Last Refresh:
    May 20 at 8:12 pm

    Property Features for 1540-1590 E Parham Rd

    General Information

    Standard status
    Active
    Size
    9,770 SF
    Lot size
    7.12 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 1540-1590 E Parham Rd Contact us

    We can help!

    Listing Contact
    David Wilkins
    David Wilkins

    Listing agent David Wilkins

    Listing office Range Commercial Partners

    Listing date Sep 10, 2024

    Source Moodyscre

    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 Range Commercial Partners

    HighLights

    • Excellent Location: Conveniently located just off I‑95 with easy access to I‑95, I‑295, & I‑64.
    • Ample Parking: Features 3.3 parking spaces per every 1,000 SF.
    • Large Property: 92,969 SF on 7.18 acres.
    • On‑Site Eatery: Apple Spice Junction, a full service eatery and caterer, on‑site.
    • Recent Improvements: Recent landscaping improvements completed.
    • New Signage: New signage package available for increased visibility.

    Overview

    This flex/industrial space offers 92,969 square feet on a 7.18-acre lot. Recent landscaping improvements have been completed, and a new signage package is available to enhance visibility. The property provides a parking ratio of 3.3 spaces per 1,000 square feet. Zoned O-S, the location features Apple Spice Junction, a full-service eatery and caterer, on-site. Situated on Parham Road, the property offers convenient access to I-95, I-295, and I-64.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Henrico
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.6422
    Latitude
    37.5916

    Nearby Similar for Lease

    • $17 SF/Yr
      1,824 SF

      Office/Medical Building Near Hospital

      Office/medical space for lease near Henrico Doctor’s Hospital.
      8921 Three Chopt Rd, Henrico, VA
      View Details
    • $22 SF/Yr
      2,000 SF

      Retail Spaces Near I-64 Interchange

      Retail spaces for lease near White Oak Village and I-64.
      4356 S Laburnum Ave, Henrico, VA
      View Details
    • $24 SF/Yr
      1,279 SF

      West End Medical Office Space

      Renovated medical office space with high patient traffic.
      2200 Pump Rd, Henrico, VA
      View Details
    • $22 SF/Yr
      810 SF

      Retail Spaces Near I-64 Interchange

      Retail spaces for lease near White Oak Village and I-64.
      4386 S Laburnum Ave, Henrico, VA
      View Details
    • $18 SF/Yr
      5,555 SF

      Move-in Ready Office Space

      Office space for rent, move-in ready, flexible lease terms.
      2500 E Parham Rd, Henrico, VA
      View Details
    • Contact for pricing
      1,874 SF

      Office Space For Lease

      Office space available in a prominent, highly visible area.
      Henrico, VA 23228
      View Details
    • Contact for pricing
      187,500 SF

      Distribution Warehouse Near Airport

      Proposed 187,500 SF distribution warehouse near Richmond Airport.
      6001 S. Laburnum Avenue, Henrico, VA 23231
      View Details
    • $24 SF/Yr
      4,002 SF

      Class A Office Space Available

      Class A office building with efficient floor plans for lease.
      3901 Westerre Pkwy, Henrico, VA
      View Details
    • $21 SF/Yr
      42,774 SF

      Henrico Office Space For Rent

      Office building with excellent access and planned renovations.
      9881 Mayland Dr, Henrico, VA
      View Details
    • $20 SF/Yr
      1,400 SF

      Retail Space in Henrico Center

      Retail space available for lease in Henrico, Virginia.
      11000 Three Chopt Rd, Henrico, VA
      View Details
    • $20 SF/Yr
      2,071 SF

      Medical Office Space Available Now

      Medical office space featuring multiple exam rooms and immediate availability.
      7601 Forest Ave, Henrico, VA
      View Details
    • Contact for pricing
      187,500 SF

      Modern Warehouse Near Richmond Airport

      High-performance warehouse space with excellent access to transportation routes.
      2724 Seven Hills Boulevard, Henrico, VA, 23231
      View Details

    FAQs

    What type of property is this?
    Flex space - 92,969 SF flex/industrial space on 7.18 acres available for rent.
    Where is this flex space located?
    The property is located at 1540-1590 E Parham Rd Henrico, VA.
    What are key features of this property?
    This property features: Excellent Location: Conveniently located just off I‑95 with easy access to I‑95, I‑295, & I‑64.; Ample Parking: Features 3.3 parking spaces per every 1,000 SF.; Large Property: 92,969 SF on 7.18 acres.
    (804) 873-2569 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Wilkins
    David Wilkins
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1540-1590 E Parham Rd, Henrico, VA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!