Listing Agency: S.L. Nusbaum Realty Co

Listed By: Martin Murden · License #VA Show Phone

Source: Crexi

Added: Aug 27 Changed: Sep 4 Last Checked: Sep 4 at 2:58PM

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Investment Insights

Based on property information with market context.

This industrial flex property includes a modern flex warehouse with 23-foot clear height and an 11,000-square-foot high-bay, open-air steel transfer building. The transfer structure provides 50-foot clear height and a steel-reinforced concrete floor designed for loads up to 60,000 pounds. The improvements were formerly used for waste processing and transfer, with heavy-duty construction suited to continued industrial use or adaptive reuse.

Located at 89 Pagan Ave in Smithfield, Virginia, the property includes more than five acres of stabilized yard area. The combination of enclosed flex space, high-bay coverage, substantial outdoor storage, and industrial-grade construction supports contractor, distribution, logistics, and related operational requirements.

Key Highlights

• More than 5 acres of stabilized yard area
• 23' clear height in the flex warehouse
• 11,000 SF high‑bay, open‑air steel transfer building

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store HVAC Service Dental Office Electrical Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

50

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 23430, VA

18,232

Population

7,961

Households

2.3

Avg Household Size

47

Median Age

32%

College-Educated

93%

High-School Grad

104.1 sq mi

ZIP Area

175

Density / Sq Mi

$103,580

Median Household Income

$53,070

Median Earnings

$1,162

Median Rent

$347,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - More than five acres of stabilized yard area support outdoor storage and industrial operations.

Where is this flex space located?

The property is located at 89 Pagan Ave Smithfield, VA.

What is the asking price?

The asking price for this property is $2,480,000.

What are key features of this property?

This property features: More than 5 acres of stabilized yard area; 23' clear height in the flex warehouse; 11,000 SF high‑bay, open‑air steel transfer building