3605 Hopkins RdRichmond, VA 23234

  • Retail properties
  • 3,100 SF
For Sale

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
3605 Hopkins Rd, Richmond, Virginia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20
$121,000
$81,000
$202,000
-
$121,000
$81,000
$202,000

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