Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Land Near I-295, I-64 Title is generated by Realmo AI

    1600 Portugee Rd., Sandston, VA 23150

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5.431 acre M-2 zoned industrial land near Richmond Airport.

    Type:Land
    Property size:
    5 SF
    Lot size:
    5.43 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    115
    Last Refresh:
    Nov 30 at 8:25 pm

    Property Features for 1600 Portugee Rd.

    General Information

    Standard status
    Active
    Size
    5 SF
    Lot size
    5.43 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Clifford B. Porter, CCIM, SIOR

    Listing agent Clifford B. Porter, CCIM, SIOR

    Listing office

    Listing date Jan 26, 2026

    Source Corfac

    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 Clifford B. Porter, CCIM, SIOR

    HighLights

    • Prime Location: Situated at the southeast quadrant of I‑295 and I‑64, near Richmond International Airport.
    • Sizeable Acreage: 5.431 acres available.
    • M‑2 Zoning: Suitable for a variety of industrial uses.
    • Water Lines Installed: 12" and 8" water lines already in place throughout the site.
    • Substantial Power Supply: Dominion Energy power with dual feed, double circuit 230 KV line.
    • Existing Power Infrastructure: 34.6 KV power lines serve the area.

    Overview

    This 5.431-acre lot is zoned M-2 and situated at the southeast quadrant of I-295 and I-64, located just west of Richmond International Airport. The site has 12" and 8" water lines installed throughout. Septic system will need to be installed. Dominion Energy power is available with a dual feed, double circuit 230 KV line. Additionally, 34.6 KV lines serve the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandston
    County
    Henrico
    State
    Virginia
    Longitude
    -77.2845
    Latitude
    37.4906

    Nearby Similar for Sale

    • $330,000

      Versatile 7.6-Acre Commercial Lot

      Ideal for residential or commercial uses in a growing area.
      5500 Meadow Road, Sandston, VA 23150
      View Details
    • $324,950

      Henrico County Open Crop Land

      15+ acres of open field in Henrico County!
      0000 Charles City, Sandston, VA 23150
      View Details
    • $324,950

      Henrico County Open Land

      15+ acres of open land in Henrico County, Virginia.
      Charles City, Sandston, VA 23150
      View Details
    • $35,000

      Residential Building Lot in Sandston

      Residential building lot available in Sandston, Virginia.
      4712 Monaco Drive, Sandston, VA 23150
      View Details
    • $35,000

      Residential Lot in Sandston, VA

      Residential land for sale in Sandston, Virginia.
      4712 Monaco Dr, Sandston, VA 23150
      View Details
    • $35,000

      Residential Lot in Sandston, VA

      Residential building lot available in Sandston, Virginia.
      4712 Monaco Dr, Sandston, VA 23150
      View Details
    • Contact for pricing
      13,984 SF

      Mixed-Use Investment Opportunity

      Three properties near I-64 and Richmond Airport. Owner-occupier or investment.
      Sandston, VA 23150
      View Details
    • $295,000

      Developable Land Parcel For Sale

      5.307 ac parcel of flat, wooded, developable land.
      5350 Dry Bridge Road, Sandston, VA 23150
      View Details
    • $35,000

      Residential Lot in Sandston, VA

      Residential land for sale in Sandston, Virginia.
      4712 Monaco DR, Sandston, VA 23150
      View Details
    • $1,650,000
      7,648 SF

      Industrial Property in Sandston, VA

      7,648 SF industrial property available for purchase.
      3820 Old Williamsburg Rd, Sandston, VA
      View Details
    • $189,950

      Residential Land in Sandston, VA

      Residential land for sale in Sandston, Virginia.
      203 Meadow Road, Sandston, VA 23150
      View Details
    • Contact for pricing
      4,604,292 SF

      Richmond Airport Area Development Land

      105.7 acres of land near Richmond International Airport.
      6271 La France Road, Sandston, VA 23150
      View Details

    FAQs

    What type of property is this?
    Industrial land - 5.431 acre M-2 zoned industrial land near Richmond Airport.
    Where is this industrial land located?
    The property is located at 1600 Portugee Rd. Sandston, VA.
    What are key features of this property?
    This property features: Prime Location: Situated at the southeast quadrant of I‑295 and I‑64, near Richmond International Airport.; Sizeable Acreage: 5.431 acres available.; M‑2 Zoning: Suitable for a variety of industrial uses.
    (804) 399-1326
    We can help!
    Listing Contact
    Clifford B. Porter, CCIM, SIOR
    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
    1600 Portugee Rd., Sandston, VA 23150
    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!