Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    953 South Airport Drive Sandston, VA 23150

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern distribution center with high-volume logistics support, available Q3 2026.

    Type:Industrial
    Property size:
    446,692 SF
    Added:
    Apr 15, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 8 at 8:05 pm

    Property Features for 953 South Airport Drive

    General Information

    Standard status
    Active
    Size
    446,692 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jason Hetherington, SIOR

    Listing agent Jason Hetherington, SIOR

    Listing office

    Listing date Apr 15, 2026

    Source Cbre

    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 Jason Hetherington, SIOR

    Overview

    Class A Distribution Facility

    The Sauer Industrial Center is a Class A cross-dock distribution facility constructed in 2022, designed to support high-volume logistics and modern supply chain operations. The building has a total area of 446,692 square feet and features a 36-foot clear height, 83 dock-high doors, and two drive-in doors. The warehouse is equipped with 4,000-amp electrical service, ESFR fire protection, and LED motion-controlled lighting. It includes 7,500 square feet of main administrative office space, along with warehouse restrooms and driver waiting areas. Approximately 50,760 square feet of conditioned space is maintained at a controlled temperature of 68°F and 50% relative humidity. The facility has an 8-inch unreinforced concrete slab, heavy-duty truck courts, and 242 trailer parking stalls. The site is fenced and features motorized entry arms, integrated CCTV, and access control. The property is available for sublease through November 30, 2032, with availability anticipated in Q3 2026. The configuration is cross-dock with dimensions of 470 feet by 950 feet. There is also a 5,000 square feet battery charging area. Separate restroom and driver waiting areas are available. The dock-high doors are equipped with Rite-Hite levelers and automatic Dok-Loks, along with full seals and shelters. There are also two compactor doors, a diesel fire pump, and a perimeter fire loop and hydrants.
    Location Intelligence

    Current Use by Public Records

    Richmond fulfillment center Warehouse & Storage

    Suggested Use

    Department Store Kitchen & Bath Showroom Food Market Discount Store Plumbing Service Pet Store Farmer's Market Fish Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandston
    County
    Henrico
    State
    Virginia
    Longitude
    -77.2714818
    Latitude
    37.5492113

    Nearby Similar for Lease

    • Contact for pricing

      Refrigerated Warehouse Space Available

      154,659 SF refrigerated warehouse space with rail access.
      5501 Corrugated Road, Sandston, VA, 23150
      View Details
    • Contact for pricing

      Sandston Commercial Property for Rent

      Commercial property available for rent in Sandston, Virginia.
      5200-5210 Anthony Rd, Sandston, VA 23150
      View Details
    • Contact for pricing

      Sandston Warehouse Space Available

      28,800 sq ft warehouse space for lease.
      5401 Lewis Rd, Sandston, VA 23150
      View Details
    • Contact for pricing

      Office Space with Building Signage

      Office space available with ample parking and building signage.
      5500 Whiteside Rd, Sandston, VA
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial property available for lease in Sandston, Virginia.
      5401 Eubank Rd, Sandston, VA 23150
      View Details
    • Contact for pricing

      Warehouse Space in White Oak

      125,000 SF warehouse with ample parking in Sandston, VA.
      3900 Technology Ct, Sandston, VA
      View Details
    • Contact for pricing

      Warehouse/Flex Space For Lease

      6,000 SF warehouse/flex space available for lease January 2025.
      551 Eastpark Ct, Sandston, VA
      View Details
    • Contact for pricing

      Sandston Warehouse with I-64 Access

      60,000 SF warehouse with immediate I-64 access.
      540 Eastpark Ct, Sandston, VA
      View Details
    • Contact for pricing

      Industrial Space in Sandston

      28,800 SF industrial property available for rent.
      5401 Anthony Rd, Sandston, VA
      View Details
    • Contact for pricing

      Modern Office Building For Rent

      Single-story office building in Henrico County, close to major interstates.
      3991 E Williamsburg Rd, Sandston, VA
      View Details
    • Contact for pricing

      Industrial Space with Truck Court

      Flex space available with a 130' truck court.
      2740 Charles City Rd, Sandston, VA
      View Details

    FAQs

    What type of property is this?
    Distribution center - Modern distribution center with high-volume logistics support, available Q3 2026.
    Where is this distribution center located?
    The property is located at 953 South Airport Drive Sandston, VA.
    What are key features of this property?
    This property features: Newly constructed (2022) Class A cross‑dock distribution facility with 446,692 SF, designed for high‑volume logistics.; Sublease available through November 30, 2032, with anticipated availability in Q3 2026.; Benefit from **36‑foot clear height and 83 dock‑high doors** for exceptional loading efficiency.
    (804) 402-4002
    We can help!
    Listing Contact
    Jason Hetherington, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!