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Property profile

5701 Midlothian Tpke Richmond, VA 23225

OFF-MARKET
Warehouses
32,600 SF 4 ac lot Built 1985
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Property summary

AI-generated overview

This exceptional 32,600-square-foot industrial property, situated on four acres, presents a unique investment opportunity. The single-story building, constructed in 1985, boasts a desirable corner location with high visibility and ample parking. The warehouse features 18-foot clear ceilings, a wet sprinkler system, and robust electrical service (800 Amp 480v 3ph). Loading is facilitated by two loading docks and one drive-in door. The property includes approximately 1.5 acres of usable fenced yard space, which is potentially divisible. The building is fully climate-controlled throughout and offers a clear-span warehouse design. A significant advantage is the inclusion of office and showroom space, making it suitable for a variety of uses, including retail. Its strategic location near Chippenham Parkway ensures excellent accessibility. Furthermore, the property benefits from its location within an Enterprise Zone. The property is available for lease or sublease in the second or third quarter of 2025. The zoning is B-3. Interested parties should inquire for further details.

Property profile

Verified
Property type Warehouses
Year built 1985
Total area 32,600 SF
Lot 4 ac (174,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Carpet & Flooring Store Hardware & Home Improvement
  • Painting Service General Contractor
  • Painting Service General Contractor

Location

5701 Midlothian Tpke Richmond, VA 23225
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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