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    Spacious Industrial Warehouse in Henrico Title is generated by Realmo AI

    7011 S Laburnum Ave, Henrico, VA

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    Large 583,100 SF warehouse with modern features for lease.

    Type:INDUSTRIAL
    Property size:
    582,424 SF
    Lot size:
    63.32 Acres
    Added:
    Dec 1, 2022
    Days on Market:
    1281
    Last Refresh:
    May 20 at 9:23 pm

    Property Features for 7011 S Laburnum Ave

    General Information

    Standard status
    Active
    Size
    582,424 SF
    Lot size
    63.32 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 7011 S Laburnum Ave Contact us

    We can help!

    Listing Contact
    Evan Magrill
    Evan Magrill

    Listing agent Evan Magrill

    Listing office Cushman & Wakefield | Thalhimer - Corporate

    Listing date Dec 1, 2022

    Source Moodyscre

    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 Cushman & Wakefield | Thalhimer - Corporate

    HighLights

    • Expansive Size: 583,100 SF total square footage, suitable for large‑scale operations.
    • Benefit from the 36’ clear height beyond the first column line, accommodating diverse storage and operational needs.
    • 100 dock‑high doors with 14 knockouts, facilitating efficient loading and unloading.
    • Substantial trailer storage: 178 trailer storage spaces, supporting extensive distribution activities.
    • Advanced ESFR sprinkler system with K22.4 heads, ensuring superior fire protection.
    • Tilt‑up concrete panel construction with a 7" reinforced concrete truck court, providing durability and stability.

    Overview

    This industrial warehouse offers a total square footage of 583,100 SF and features tilt-up concrete panel construction. The building dimensions measure 470 feet in width and 1,232 feet in length, with a column spacing of 50 feet by 56 feet and a speed bay depth of 60 feet. It has a clear height of 36 feet beyond the first column line. The sprinkler system is ESFR with K22.4 heads. The truck court depth is 195 inches, constructed with 7-inch reinforced concrete over soil cement. There are 100 dock-high doors in total, with 14 knockouts on the rear. The property includes 18 dock pits, with pour-back everywhere else, and 18 dock levelers with a 40,000 lb capacity. There are 384 auto parking spaces and 178 trailer storage spaces. The warehouse is equipped with LED lighting, a 7-inch minimum slab, and 18 rooftop exhaust fans providing 1.5 AC/hr. It also features 18 gas-fired unit heaters. Located in Henrico County, the property is zoned M-1 Industrial.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Henrico
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.6422
    Latitude
    37.5916

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    FAQs

    What type of property is this?
    Warehouse - Large 583,100 SF warehouse with modern features for lease.
    Where is this warehouse located?
    The property is located at 7011 S Laburnum Ave Henrico, VA.
    What are key features of this property?
    This property features: Expansive Size: 583,100 SF total square footage, suitable for large‑scale operations.; Benefit from the 36’ clear height beyond the first column line, accommodating diverse storage and operational needs.; 100 dock‑high doors with 14 knockouts, facilitating efficient loading and unloading.
    (804) 399-8235 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Evan Magrill
    Evan Magrill
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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