Leased Warehouse Storage
For Sale
$7,000,000
1601 W Hundred Road, Chester, VA 23836
Three leased warehouse buildings total 48,540 sq. ft., with fenced outside storage and dock doors plus a drive-through door.
Property Size50,340 SF
Price / SF$139.05
Days on Market172
Property Features for 1601 W Hundred Road
General Information
Standard status
Active
Size
50,340 SF
Property subtype
General Commercial
Occupancy
100%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
4
Drive-In Doors
1
Amenities
A/C - Zone
3
Level
Private Roads, Level.
Building Details
Year Built
1962
Listing Agency:
Daniel And Daniel Realty, Inc.
(804) 896-1633
Listed By:
Tommy Orr
(804) 896-1633
Source:
Xome
Added: Mar 4
Changed: Aug 23
Last Checked: Aug 23 at 3:39AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$365,076
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,301,520
$7.3M
Cap Rate 7%
$5,215,371
$5.2M
Cap Rate 9%
$4,056,400
$4.1M
Market Conditions
NOI Build-Up for 50,340 SF
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.
Gross rent
$453.1K $9.00/SF
− Vacancy
−$23.6K −$0.47/SF
EGI
$429.5K $8.53/SF
− OpEx
−$64.4K −$1.28/SF
NOI
$365.1K $7.25/SF
Area
Chesterfield County, VA
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,301,520
Cap Rate 7%
$5,215,371
Cap Rate 9%
$4,056,400
Alternative Uses
Best Use
Warehouse
$5.22M
$4.56M – $6.08M
NOI $365,076 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$100.86M
$88.25M – $117.67M
NOI $7,060,125 @ 7.0% cap · market cap 100.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Dock-high doors
1
Drive-in doors
100%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23836, VA
14,643
Population
5,519
Households
2.7
Avg Household Size
39
Median Age
38%
College-Educated
94%
High-School Grad
26.6 sq mi
ZIP Area
550
Density / Sq Mi
$102,114
Median Household Income
$51,654
Median Earnings
$1,622
Median Rent
$338,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 1350 W Hundred Rd, Chester, VA 23836
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- VIGILANT SELF STORAGE — Virginia 23836
- Lineage — 1301 W Hundred Rd, Chester, VA 23836
- RCS Chester Inc — 1820 W Hundred Rd, Chester, VA 23836
Frequently Asked Questions
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 Road 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
