Turnkey Industrial Space in
For Sale
Contact for pricing
710 Dawn St, Richmond, VA 23222
6,000 SF industrial space with office and warehouse components.
Property Size6,000 SF
Price / SF$250
Days on Market218
Property Features for 710 Dawn St
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
8
Property subtype
Industrial, Office
Zoning
M-1
Occupancy
100%
Lease Type
NNN
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Seven Hills Holdings
Listed By:
Helen Blair · License #0000
Source:
Crexi
Added: Mar 3
Changed: Oct 6
Last Checked: Oct 7 at 9:23AM
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 Seven Hills Holdings
Investment Insights
Based on property information with market context.
Located in the Chamberlayne Industrial Center, this property offers 6,000 square feet of turnkey space, including approximately 2,000 square feet of warehouse space and 4,000 square feet of office space. The property is situated in an established industrial corridor of Richmond and features a functional blend of warehouse and office buildout, suitable for an industrial owner-occupant. The warehouse includes three loading bay doors. Zoned M-1 (Light Industrial), the property supports a range of commercial and industrial uses, offering flexibility for manufacturing, distribution, service operations, or trade-based businesses. The location provides regional connectivity and access for logistics, employees, and clients, with close proximity to the I-95 and I-64 corridor. The Chamberlayne Industrial Center benefits from demand and growth within one of Richmond’s active commercial areas. The property is currently tenant-occupied, presenting income potential while maintaining flexibility for future occupancy or redevelopment. This property is suited for developers, investors, or owner-occupants seeking a presence in the Richmond market.
Key Highlights
- 6,000 SF turnkey space with 2,000 SF warehouse and 4,000 SF office in Richmond's Chamberlayne Industrial Center.
- M‑1 (Light Industrial) zoning supports diverse commercial/industrial uses.
- Excellent location with close proximity to I‑95 and I‑64 for seamless regional connectivity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,209
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,180
$904.2K
Cap Rate 7%
$645,843
$645.8K
Cap Rate 9%
$502,322
$502.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$75.6K $12.60/SF
− Vacancy
−$6.0K −$1.01/SF
EGI
$69.6K $11.59/SF
− OpEx
−$24.3K −$4.06/SF
NOI
$45.2K $7.53/SF
Area
Richmond, VA
Vacancy
8.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,180
Cap Rate 7%
$645,843
Cap Rate 9%
$502,322
Alternative Uses
Best Use
Flex RnD
$645.8K
$565.1K – $753.5K
NOI $45,209 @ 7.0% cap · market cap 3.01%
Second Best
Industrial
$543.5K
$475.5K – $634.0K
NOI $38,042 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,034 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Richmond, VA
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Frequently Asked Questions
What type of property is this?
Flex space - 6,000 SF industrial space with office and warehouse components.
Where is this flex space located?
The property is located at 710 Dawn St Richmond, VA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,000 SF turnkey space with **2,000 SF warehouse and 4,000 SF office** in Richmond's Chamberlayne Industrial Center.; M‑1 (Light Industrial) zoning supports diverse commercial/industrial uses.; Excellent location with close proximity to I‑95 and I‑64 for seamless regional connectivity.
