Industrial Property for Sale in Richmond, VA

  • Price: $1.4M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Richmond, VA 23234
  • Size: 7,850 SF
  • Year built: 1987

Description

2700 Goolsby Avenue is a functional industrial facility totaling approximately 7,850 square feet, including roughly 1,600 square feet of office space and five warehouse bays. The building features five 20-foot roll-up doors, approximately 22-foot clear ceiling heights, and a flexible layout suitable for industrial, distribution, light manufacturing, contractor, or service uses. Situated on approximately 1.23 acres, the property offers on-site parking and yard area to support fleet vehicles, equipment storage, or operational needs. The existing configuration allows for efficient operations, immediate occupancy, and customization to meet user requirements. Building SF: 7850 | Land Size: 1.23 Ac | Year Built: 1987 | Listing Type: FOR SALE

Market Context

This industrial in Richmond, VA is listed for sale at $1,450,000 across 7,850 SF ($185/SF). The building dates to 1987. It has been on the market for 39 days. Compare it against other industrial listings for sale in Richmond, VA — <a href="/search/sale/industrial/virginia/richmond">view the full market</a>.

As of Q4 2025, the Richmond industrial market showed a 5.2% vacancy rate, average asking rents near $9.38/SF/yr, and cap rates around 5.5%. Source: Consensus Q4 2025 market report.

Tight vacancy keeps competition for quality space elevated.

Industrial market FAQ

What is the typical cap rate for industrial in Richmond?
About 5.5% as of Q4 2025, per Consensus.
Is the Richmond industrial market tightening or softening?
Vacancy is around 5.2% (Q4 2025).

Unified Estimate

Very Low Confidence

$66.57/SF – $90.07/SF

Mid: $78.32/SF

Total estimate for 7,850 SF: $614,812

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market las-vegas (similarity: 100%) with 7 comparable listings.

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