3605 Hopkins RdRichmond, VA 23234
- Retail properties
- 3,100 SF
Property Details for 3605 Hopkins Rd
- Year built
- 1959
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.66 AC
- Property size (Sq ft)
- 3,100 SF
- Zone code
- M-1 LIGHT INDUSTRIAL
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- S-007-1016-012
- APU
- S0071016012
Description
This fee-simple industrial distribution center, located at 3605 N Hopkins Rd, Richmond, VA 23234, offers 21,330 square feet on a 4.95-acre lot. Currently 100% occupied by Central Transport under a triple-net (NN) lease commencing December 31, 2023, and expiring April 30, 2027, with 3% annual rent bumps. The property features 42 loading docks, providing exceptional capacity. The building is divided into a 16,030 square foot terminal area designed for high-volume cargo handling, a 3,200 square foot shop area for maintenance and repair, and 2,100 square feet of office space. This prime Richmond location offers strategic access and ample space for efficient distribution operations, making it an ideal income-generating asset. The property's strong tenant and lease terms present a compelling investment opportunity in a high-demand market. This is a single-tenant property with a proven track record.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $845,478
- 6.5%
- $780,441
- 7%
- $724,695
-
Comparable approach
- Method
- Valuation
- Relative Method
- $876,748
- Geo Method
- $1,304,682
-
Alternative Use
- Use
- Valuation
- Residential
- $658,331
- Hospitality
- $603,028
- Educational
- $501,712
- Medical
- $518,967
- Retail
- $780,441
Location Insight
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Latitude
- 37.5027
- Longitude
- -77.4578
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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