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Industrial Warehouse with Office Space
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5701 Greendale Rd, Richmond, VA 23228

Class B industrial warehouse with office space for lease.

Space Size22,204 SF
Days on Market623

Property Features for 5701 Greendale Rd

General Information

Standard status Active
Size 22,204 SF
Property subtype Industrial

Building Details

Year Built 2000

Spaces For Lease

at 5701 Greendale Rd Contact us

5701 Greendale Rd

Size
22,204 SF
Type
Industrial
$9.75 SF/yr (NNN)
Contact us
Listing Agency: NAI Dominion
Listed By: Christopher Rice · License #VA
Source: Crexi
Added: Dec 7, 2024 Changed: Jul 6 Last Checked: Aug 21 at 11:08PM

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 NAI Dominion

Investment Insights

Based on property information with market context.

This Class B industrial warehouse offers 22,506 square feet of space, including approximately 2,000 square feet of office area. The property is available for lease and is situated less than 15 minutes from downtown Richmond and 25 minutes from Richmond International Airport.

Key Highlights

  • 22,506 SF Class B Industrial Warehouse
  • Includes ±2,000 SF office space
  • Located less than 15 minutes from downtown Richmond

Property Analytics

Current Use

G.L.C. Big Box & Wholesale Store

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Building Supply Hair Salon Pharmacy

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

Lease Details

NNN (Triple Net)
Lease Type
$1.46 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

409
Businesses Nearby
Under-served
Demand for This Use

Demographics for 23228, VA

36,384
Population
16,724
Households
2.2
Avg Household Size
37
Median Age
31%
College-Educated
89%
High-School Grad
11.1 sq mi
ZIP Area
3,278
Density / Sq Mi
$65,650
Median Household Income
$43,883
Median Earnings
$1,410
Median Rent
$267,300
Median Home Value

Market

Lease Benchmarks for Richmond, VA

$10.58 /SF/Yr
Avg Asking Price
$7–$13 /SF/Yr
Price Range
77,234 SF
Avg Space Size

This space is priced 8% below the average of $10.58 /SF/Yr.

Vacancy Rate% for Office in Richmond, VA

5.7% 2019
7.2% 2020
7% 2021
8.2% 2022
8.4% 2023
12.1% 2024
11.8% 2025
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Frequently Asked Questions

What type of property is this?
Warehouse - Class B industrial warehouse with office space for lease.
Where is this warehouse located?
The property is located at 5701 Greendale Rd Richmond, VA.
What is the lease rate?
The lease rate is $9.75 SF/Yr.
What are key features of this property?
This property features: 22,506 SF Class B Industrial Warehouse; Includes ±2,000 SF office space; Located less than 15 minutes from downtown Richmond
(804) 513-6162 Call to check price and availability
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