Flex Space with Drive-Through
For Sale
Contact for pricing
2007-2009 Chamberlayne Ave, Richmond, VA 23222
Commercial flex space with multiple access bays and an unfinished upper level for offices or storage.
Property Size6,379 SF
Price / SF$77.60
Days on Market53
Property Features for 2007-2009 Chamberlayne Ave
General Information
Standard status
Active
Size
6,379 SF
Property subtype
INDUSTRIAL
Listing Agency:
S L Nusbaum Realty Co - Corporate
(757) 627-8611
Listed By:
Andrew Brodie
(804) 759-5970
Source:
Moodyscre
Added: Aug 24
Changed: Oct 13
Last Checked: Oct 12 at 10:38PM
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 S L Nusbaum Realty Co - Corporate
Investment Insights
Based on property information with market context.
This 6,379-square-foot flex property includes one bathroom, a drive-through bay, and three additional bays configured for one-way access. The second floor is unfinished and provides space for future offices or storage improvements.
The property is located at 2007-2009 Chamberlayne Ave in Richmond, Virginia 23222.
The property is located at 2007-2009 Chamberlayne Ave in Richmond, Virginia 23222.
Key Highlights
- 6,379 square feet of flex space
- One drive‑through bay plus three additional one‑way access bays
- Second floor available for office or storage build‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,445
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,900
$808.9K
Cap Rate 7%
$577,786
$577.8K
Cap Rate 9%
$449,389
$449.4K
Market Conditions
NOI Build-Up for 6,379 SF
Gross rent
$63.5K $9.96/SF
− Vacancy
−$5.8K −$0.90/SF
EGI
$57.8K $9.06/SF
− OpEx
−$17.3K −$2.72/SF
NOI
$40.4K $6.34/SF
Area
Richmond, VA
Vacancy
9.06%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,900
Cap Rate 7%
$577,786
Cap Rate 9%
$449,389
Alternative Uses
Best Use
Flex RnD
$686.6K
$600.8K – $801.1K
NOI $48,064 @ 7.0% cap · market cap 9.71%
Second Best
Industrial
$577.8K
$505.6K – $674.1K
NOI $40,445 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,163 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 23222, VA
24,337
Population
11,762
Households
2.1
Avg Household Size
37
Median Age
32%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
2,968
Density / Sq Mi
$58,105
Median Household Income
$37,137
Median Earnings
$1,181
Median Rent
$252,000
Median Home Value
Market
Vacancy Rate% for Industrial in Richmond, VA
Questions? Ask Rey
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- N2Q Solutions, LLC — 508 Fourqurean Ln, Richmond, VA 23222
Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex space with multiple access bays and an unfinished upper level for offices or storage.
Where is this flex space located?
The property is located at 2007-2009 Chamberlayne Ave Richmond, VA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 6,379 square feet of flex space; One drive‑through bay plus three additional one‑way access bays; Second floor available for office or storage build‑out
