Former Food-Grade Manufacturing
For Sale
Contact for pricing
Pending
3830 Corporate Rd, Petersburg, VA 23805
Industrial manufacturing facility with connected clear-span areas, loading infrastructure, and a fenced lay-down yard.
Property Size53,627 SF
Days on Market120
Property Features for 3830 Corporate Rd
General Information
Standard status
Pending
Size
53,627 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Span
Yes
Voltage
240 V
Additional Details
Opportunity Zone
Yes
Listing Agency:
The Stump Companies
(828) 443-5954
Listed By:
Robert Dunn · License #178249
(828) 443-5954
Source:
Moodyscre
Added: May 4
Changed: Aug 30
Last Checked: Aug 30 at 6:09PM
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 The Stump Companies
Investment Insights
Based on property information with market context.
This 53627-square-foot former coffee bean processing facility is configured for manufacturing and industrial operations. Three clear-span areas are connected by wide doors and supported by docks, platforms, and drive-in doors. Area 2 includes 240V drops, while a CAT diesel backup generator provides additional on-site power support. The property also includes a fenced IOS lay-down yard that can be expanded.
The facility sits within a maintained industrial park at the confluence of I-85, I-95, and I-295. An additional +/- 10 acres is available for future development or expansion of the lay-down and industrial outside storage area. The property is located within an Opportunity Zone.
The facility sits within a maintained industrial park at the confluence of I-85, I-95, and I-295. An additional +/- 10 acres is available for future development or expansion of the lay-down and industrial outside storage area. The property is located within an Opportunity Zone.
Key Highlights
- 53627‑square‑foot former coffee bean processing facility with food‑grade configuration
- Three connected clear‑span areas with wide connecting doors
- Docks, platforms, and drive‑in doors support loading and access
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
$340,013
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
8.00%
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%
$6,800,260
$6.8M
Cap Rate 7%
$4,857,329
$4.9M
Cap Rate 9%
$3,777,922
$3.8M
Market Conditions
NOI Build-Up for 53,627 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
$534.1K $9.96/SF
− Vacancy
−$48.4K −$0.90/SF
EGI
$485.7K $9.06/SF
− OpEx
−$145.7K −$2.72/SF
NOI
$340.0K $6.34/SF
Area
Petersburg County, 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 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%
$6,800,260
Cap Rate 7%
$4,857,329
Cap Rate 9%
$3,777,922
Alternative Uses
Best Use
Warehouse
$7.28M
$6.37M – $8.49M
NOI $509,253 @ 7.0% cap · market cap 11.98%
Second Best
Industrial
$4.86M
$4.25M – $5.67M
NOI $340,013 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$12.39M
$10.84M – $14.45M
NOI $867,275 @ 7.0% cap · market cap 20.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 23805, VA
19,656
Population
9,272
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
90%
High-School Grad
71.5 sq mi
ZIP Area
275
Density / Sq Mi
$65,811
Median Household Income
$40,759
Median Earnings
$1,207
Median Rent
$208,200
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial manufacturing facility with connected clear-span areas, loading infrastructure, and a fenced lay-down yard.
Where is this manufacturing property located?
The property is located at 3830 Corporate Rd Petersburg, VA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 53627‑square‑foot former coffee bean processing facility with food‑grade configuration; Three connected clear‑span areas with wide connecting doors; Docks, platforms, and drive‑in doors support loading and access
