Leased Warehouse Storage
1601 W Hundred Rd Chester, VA 23836
1601 W Hundred Rd, Chester, VA, 23836
$7,000,000
For Sale
$7,000,000
Three leased warehouse buildings total 48,540 sq. ft., with fenced outside storage and dock doors plus a drive-through door.
Property Size48,540 SF
Price / SF$144.21
Days on Market116
Property Features for 1601 W Hundred Rd
General Information
- Standard status
- Active
- Size
- 48,540 SF
Listing agency
Daniel And Daniel Realty, Inc.
(804) 896-1633
Listed by
Tommy Orr
(804) 896-1633
Source
Exprealty
Added: Mar 28 Updated: Jul 21 at 2:50PM Checked: Jul 21 at 2:50PM
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 Daniel And Daniel Realty, Inc.
Investment Insights
Based on property information with market context.
This warehouse and storage campus consists of three separate buildings totaling 48,540 sq. ft. The property is currently 100 percent leased. In addition to indoor space, there is outside fenced storage totaling 73,175 sq. ft.
The larger building features four dock doors and a 14 ft. drive-through door, supporting efficient receiving and movement within the facility.
The combination of multiple buildings, significant fenced yard storage, and loading flexibility makes this property well suited for ongoing warehouse and storage operations where dock and drive-through access are important.
The larger building features four dock doors and a 14 ft. drive-through door, supporting efficient receiving and movement within the facility.
The combination of multiple buildings, significant fenced yard storage, and loading flexibility makes this property well suited for ongoing warehouse and storage operations where dock and drive-through access are important.
Key Highlights
- Three leased warehouse/storage buildings totaling 48,540 sq. ft., currently 100% leased
- Outside fenced storage area of 73,175 sq. ft.
- Largest building includes four dock doors and a 14 ft. drive‑through door
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 | $436.9k | $9.00 |
| − Vacancy | −$22.7k | −$0.47 |
| EGI | $414.1k | $8.53 |
| − OpEx | −$62.1k | −$1.28 |
| NOI | $352.0k | $7.25 |
48,540 SF · lease $9.00/SF/yr · vacancy 5.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.03M
$4.40M – $5.87M
NOI $352,022 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$97.25M
$85.10M – $113.46M
NOI $6,807,677 @ 7.0% cap · market cap 97.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Central Virginia Beverage
Big Box & Wholesale Store
United Beverages of Va ...
Department Store
Decals Unlimited
Industrial Manufacturer
Mc Carter Modular ...
Furniture & Home Goods
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 1350 W Hundred Rd, Chester, VA 23836
- Lineage — 1820 W Hundred Rd, Chester, VA 23836
- VIGILANT SELF STORAGE — Virginia 23836
- Lineage — 1301 W Hundred Rd, Chester, VA 23836
- RCS Chester Inc — 1820 W Hundred Rd, Chester, VA 23836
FAQs
What type of property is this?
Warehouse - Three leased warehouse buildings total 48,540 sq. ft., with fenced outside storage and dock doors plus a drive-through door.
Where is this warehouse located?
The property is located at 1601 W Hundred Rd Chester, VA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Three leased warehouse/storage buildings totaling 48,540 sq. ft., currently 100% leased; Outside fenced storage area of 73,175 sq. ft.; Largest building includes four dock doors and a 14 ft. drive‑through door
