Technical
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Distress signals
Property profile

5501 Corrugated Rd Sandston, VA 23231

FOR LEASE
Other warehouses
Property ID
US87-0928858
179,359 SF 11.85 ac lot Built 1990
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

5501 Corrugated Road is an industrial warehouse facility in eastern Henrico County near Richmond International Airport. The building was constructed in 1990 and expanded in 2007, providing approximately 182,659 square feet overall, including about 5,800 square feet of office area and 8,641 square feet of mechanical space. It is configured with a central ammonia refrigeration system serving roughly 123,492 square feet of freezer space at approximately -10°F, with a 40-foot clear height; the freezer area is divided into two rooms. The loading configuration includes 15 dock-high doors with pit levelers (14 active and one designated for a dumpster) and 15 trailer parking spaces, along with 37 employee parking spaces. The refrigerated dock area totals about 23,048 square feet, with an additional 7,556 square feet for battery, engine, and material handling rooms. The facility includes pallet racking with capacity for approximately 15,228 pallet positions and provides forklift equipment. The site has access to major transportation routes, including Interstate 95 (about 7.5 miles away) and rail access, and is located along regional corridors near Interstates 85 and 64; the Port of Richmond is nearby, with container-on-barge service to the Chesapeake Bay.

Property profile

Verified
Property type Other warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1990
Total area 179,359 SF
Lot 11.85 ac (516,230 SF)
Zoning code M-1
APN 818-710-3382
UPID US87-0928858

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
  • Storage Facility Warehouse & Storage

Location

5501 Corrugated Rd Sandston, VA 23231
Sandston metro Census 201406 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$10.95M

Owner & transaction history

since 2016
2 recorded transactions
2016
$23.2M
2007
Price N/A

Zoning & alternative use

M-1 · Sandston, VA

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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