Industrial Flex Warehouse with Roll-Up
511 W Clay St Richmond, VA 23220
For Sale
Contact for pricing
Pending
Industrial flex warehouse featuring clean finishes, updated systems, and roll-up doors for versatile access.
Property Size4,560 SF
Days on Market322
Property Features for 511 W Clay St
General Information
Standard status
Pending
Size
4,560 SF
Property subtype
OFFICE
Listing Agency:
Joyner Commercial
(804) 363-5446
Listed By:
Bill Phillips · License #0225105604
(804) 363-5446
Source:
Moodyscre
Added: Sep 9, 2025
Changed: Jul 25
Last Checked: Jul 25 at 6:38AM
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 Joyner Commercial
Investment Insights
Based on property information with market context.
This industrial flex warehouse offers clean industrial finishes with updated systems and roll-up doors designed for versatile access. The property is presented for sale and also notes potential for residential conversion.
Located at 511 W Clay St in Richmond, the asset is identified within Enterprise Zone III & the Jackson Ward Care Area.
Designed for practical industrial use, the roll-up door configuration supports straightforward loading and access needs while maintaining a clean, ready-to-occupy interior finish profile.
Located at 511 W Clay St in Richmond, the asset is identified within Enterprise Zone III & the Jackson Ward Care Area.
Designed for practical industrial use, the roll-up door configuration supports straightforward loading and access needs while maintaining a clean, ready-to-occupy interior finish profile.
Key Highlights
- Industrial flex warehouse with clean finishes
- Updated systems throughout the space
- Roll‑up doors provide versatile loading and access
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 | $53.6k | $11.76 |
| − Vacancy | −$2.7k | −$0.59 |
| EGI | $50.9k | $11.17 |
| − OpEx | −$7.6k | −$1.68 |
| NOI | $43.3k | $9.50 |
4,560 SF · lease $11.76/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$618.6K
$541.3K – $721.7K
NOI $43,303 @ 7.0% cap · market cap 6.40%
Second Best
Flex RnD
$490.8K
$429.5K – $572.7K
NOI $34,359 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,746 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Butler’s Unique Catering — 10 E Franklin St, Richmond, VA 23219
- Uncle Reggie's Catering — 114 E Clay St, Richmond, VA 23219
- Shareen's Cuisine — 1, E Main St, Richmond, VA 20171
- 3 Bees BCU LLC — 520 W Franklin St, Richmond, VA 23220
- Panchito's Food Truck — 1000 E Clay St, Richmond, VA 23298
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex warehouse featuring clean finishes, updated systems, and roll-up doors for versatile access.
Where is this flex space located?
The property is located at 511 W Clay St Richmond, VA.
What is the asking price?
The asking price for this property is $676,500.
What are key features of this property?
This property features: Industrial flex warehouse with clean finishes; Updated systems throughout the space; Roll‑up doors provide versatile loading and access
