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For Lease
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5701 Greendale Rd, Richmond, VA 23228
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Property summary
AI-generated overview
This exceptional 22,204-square-foot warehouse, located at 5701 Greendale Road in Richmond, Virginia, presents a significant opportunity for businesses seeking efficient and spacious industrial space. The property is a single-tenant building, offering complete control and flexibility. Constructed in 2000, the Class B warehouse boasts impressive features including ceiling heights ranging from 20 to 24 feet, providing ample vertical storage capacity. Three loading docks and one drive-in door ensure seamless loading and unloading operations, optimizing logistical efficiency. Ample parking is available with 16 spaces designated for the property. Situated in Henrico County, the property benefits from convenient access to major transportation routes, enhancing distribution capabilities. The entire 22,204 square feet is currently vacant, making it ideal for immediate occupancy. This warehouse is perfect for a variety of industrial uses and offers a compelling combination of size, functionality, and location. The property's zip code is 23228.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
22,204 SF
Lot
1.15 ac (50,251 SF)
Zoning code
M-1
APN
775-745-7183
UPID
US87-1233996
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
-
Big Box & Wholesale Store Discount Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.67M
Owner & transaction history
1 recorded transaction
Zoning & alternative use
M-1 · Henrico, VA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.67M
Value range
$1.50M – $1.83M
±10% around blend
Estimated value / SF
$75 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$1.50M
blend $1.67M
$1.83M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,204 SF
Lot area
1.15 ac
Year built
2000
Stories
1
APN
775-745-7183
Zoning
M-1
Assessed value
$1,451,700
Annual tax
$12,842
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$12,842
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.90M
Range $1.07M – $4.05M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.67M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 152 sales
$99
-24%
County 57 sales
$86
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $75/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.04M
Move the market yield to see immediate price impact.
Value / SF
$92
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$128k
$2.57M
$1.83M
$1.43M
$143k
$2.85M
$2.04M
$1.59M
$157k
$3.14M
$2.24M
$1.74M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,842
Tax year 2024
Assessed value
$1,451,700
Assessed 2024
Previous assessed
$1,451,700
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$137,400
Assessed improvement
$1,314,300
Land market value
$137,400
Improvement market value
$1,314,300
Total market value
$1,451,700
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
2000
Heating
HEAT PUMP
Stories
1
Rooms
6
Bathrooms
1
Total area
22,204 SF
Lot
1.15 ac (50,251 SF)
Zoning code
M-1
APN
775-745-7183
UPID
US87-1233996
Jurisdiction
HENRICO
Zoning & alternative use
M-1 · Henrico, VAZoning M-1 · permitted uses
M-1 · Henrico, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
HEAT PUMP
Stories
1
Rooms
6
Bathrooms
1
Lot
1.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M-1
Jurisdiction
Henrico, VA
Recorded code
M-1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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