Industrial Warehouse with Loading
For Sale
$3,000,000
2807 Transport St, Richmond, VA 23234
M-2 industrial facility with office, laboratory, warehouse, and outdoor operational space.
Property Size28,647 SF
Lot Size5.01 Acres
Price / SF$104.72
Days on Market47
Property Features for 2807 Transport St
General Information
Standard status
Active
Size
28,647 SF
Lot size
5.01 Acres
Zoning
M-2 Industrial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
3
Drive-In Doors
1
Power
600 amps
Three-Phase Power
Yes
Building Details
Year Built
1983
Building Size
28,647 SF
Listing Agency:
EXP Realty, LLC
Listed By:
Jared Davis · License #0225210738
(804) 536-6100
Source:
Ruckartre
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 7 at 12:58PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Located at 2807 Transport Street in Richmond, Virginia, this 28,647-square-foot warehouse occupies 5.01 acres and was built in 1983. The M-2 Industrial zoning supports warehouse, manufacturing, distribution, storage, and related commercial operations. Interior areas include dedicated offices, a laboratory, boiler and pump rooms, and a large warehouse floor. Loading infrastructure consists of three dock-high doors and one drive-in bay, while 600-amp, 3-phase electrical service supports power-intensive equipment.
The property is approximately two miles from Interstate 95, with access to Bells Road, Deepwater Terminal Road, and Richmond port facilities. The site also provides outdoor area for parking, equipment storage, and fleet operations.
The property is approximately two miles from Interstate 95, with access to Bells Road, Deepwater Terminal Road, and Richmond port facilities. The site also provides outdoor area for parking, equipment storage, and fleet operations.
Key Highlights
- 28,647‑square‑foot warehouse on a 5.01‑acre site
- M‑2 Industrial zoning supports warehouse, manufacturing, distribution, and storage uses
- Three dock‑high loading doors plus one drive‑in bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,038
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,440,760
$5.4M
Cap Rate 7%
$3,886,257
$3.9M
Cap Rate 9%
$3,022,644
$3.0M
Market Conditions
NOI Build-Up for 28,647 SF
Gross rent
$336.9K $11.76/SF
− Vacancy
−$16.8K −$0.59/SF
EGI
$320.0K $11.17/SF
− OpEx
−$48.0K −$1.68/SF
NOI
$272.0K $9.50/SF
Area
Richmond, VA
Vacancy
5.00%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,440,760
Cap Rate 7%
$3,886,257
Cap Rate 9%
$3,022,644
Alternative Uses
Best Use
Warehouse
$3.89M
$3.40M – $4.53M
NOI $272,038 @ 7.0% cap · market cap 9.07%
Second Best
Industrial
$2.59M
$2.27M – $3.03M
NOI $181,632 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$6.62M
$5.79M – $7.72M
NOI $463,289 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 23234, VA
46,610
Population
18,167
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
19.1 sq mi
ZIP Area
2,440
Density / Sq Mi
$63,630
Median Household Income
$37,661
Median Earnings
$1,321
Median Rent
$237,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Richmond, VA
Similar Off Market Nearby
- Public Storage — 4805 Jefferson Davis Hwy, Richmond, VA 23234
- Beloved Produce — 3811 castlewood rd, richmond, va 23234
Frequently Asked Questions
What type of property is this?
Warehouse - M-2 industrial facility with office, laboratory, warehouse, and outdoor operational space.
Where is this warehouse located?
The property is located at 2807 Transport St Richmond, VA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 28,647‑square‑foot warehouse on a 5.01‑acre site; M‑2 Industrial zoning supports warehouse, manufacturing, distribution, and storage uses; Three dock‑high loading doors plus one drive‑in bay
