5002 COMMERCE WAY
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Location
5002 COMMERCE WAY
City, State, Zip
NORTH DINWIDDIE, VA 23803
Tax Map #
20/ / 80/ /
Acct#
4351
Owner
THE INDUSTRIAL FUND MS LLC C/O
Class
INDUSTRIAL
Total Market Value
$64,475,300
Appraisal
$64,475,300
PID
12448
Building Count
1
Legal Description
NORTH SIDE OF U S RTE 460 PARCEL 1 20-80
Mines & Minerals
Conserv Ease
Lot Type
Com Residual
District
01: ROHOIC
Current Value
Appraisal
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotalLand Use Amount Deferred
2026$54,832,800$0$7,176,800$2,465,700$64,475,300$0
Assessment
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2026$54,832,800$0$7,176,800$2,465,700$64,475,300

Parcel Addresses
Additional Addresses

No Additional Addresses available for this parcel


Owner of Record
OwnerTHE INDUSTRIAL FUND MS LLC C/O
Co-OwnerINDUSTRIAL LOGISTICS PROPERTIES TRT
AddressTWO NEWTON PL 255 WASHINGTON ST

NEWTON, MA 02458
Sale Price$0
Year2019
Book & Page 0/0
Sale Date10/30/2019

Ownership History
Ownership History
OwnerSale PriceYearBook & PageSale DateInstrument Number
THE INDUSTRIAL FUND MS LLC C/O$020190/010/30/20192832
INDUSTRIAL LOGISTICS PROPERTIES$020190/010/30/20192831
ILPT PROPERTIES LLC C/O INDUSTRIAL$68,100,00020190/004/19/2019913
ARCP ID PETERSBURG VA LLC$58,944,50020140/010/22/20142537
US RIO LP$020120/007/18/20121995

Building Information
Building 1 : Section 1
Year Built: 2012
Living Area: 1,015,740
Building Attributes
FieldDescription
Section StyleDistribution Warehouse
ModelCommercial
GradeGRADE B
Stories1
Num Units0.00
Heat SystemForced Air
Wood Joist % 
Interior Wall 1Drywall
Interior Wall 2 
Garage TypeNone
Extra Fixture(s) 
Fireplace(s)0
Extra Kitchen(s)0
Total Room(s)20
Carport TypeNone
Interior Floor 3 
Frame TypeTypical
Primary Bldg UseComm - Indl
Roof CoverRubber
Roof TypeFlat
AC Type100%
Exterior Wall 2 
Full Bath(s)0
Flr1 Occ 
FoundationConcrete
Exterior Wall 1Pre-cast Conc
BasementNone
Interior Wall 3 
Bedroom(s)0
Wall Height 
Num Units0
Gas Fireplace(s)0
Flue(s)0
Metal Flue(s)0
FBM Quality 
Heat FuelGas
Inop Flue/FPL0
Interior Floor 1Carpet
Interior Floor 2 
Legacy Area0
Half Bath(s)0
Stacked Fireplace(s)0
Num Cars - Carport0
Num Cars - Gar0
Num Cars-Built In0
Fin Bsmt Area0
Garage Type 2None
Num Cars - Gar 20
Split FoyerNo
Split LevelNo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
COMUSECommercial 1,015,740 1,015,740
   1,015,740 1,015,740

Extra Features
Extra Features

No Data for Extra Features


Parcel Information
Use Code400C
DescriptionComm - Indl  
Deeded Acres112.09

Land
Land Use
Use Code400C
DescriptionComm - Indl  
Zone
Neighborhood
Land Use ApprNo
Category
Land Line Valuation
Size (Acres)112.09
Frontage0
Depth0
Total Market Land$2,465,700
Appraised Value$2,465,700

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #Comment
CNPYCanopyTYTypical920.00 UNITS$36,8001CANOPY
MISCOBMiscellaneous Ob  2000.00 UNITS$20,00012 BUS STOPS
BLDGBuildingFRFrame1.00 UNITS$20,0001GUARD HOUSE
LIGHTLightTYTypical1.00 UNITS$5,000,0001CONCR PAVE/LIGHTS
BLDGBuildingBRBrick1.00 UNITS$2,100,0001MEZZANINE 140000SF
PMPHSEPump House  1.00 UNITS$01WELL HOUSE INCLUDED
SHEDShedMTMetal1.00 UNITS$01CONVEYOR M&E
DOCKDockTYTypical1.00 UNITS$01DOCK LEVELERS INCL
Valuation History
Appraisal
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2025$54,832,800$0$7,176,800$2,465,700$64,475,300
2024$0$0$56,192,100$2,466,000$58,658,100
2023$0$0$56,192,100$2,466,000$58,658,100

Assessment
Valuation YearBuildingExtra FeaturesOutbuildingsLandTotal
2025$54,832,800$0$7,176,800$2,465,700$64,475,300
2024$0$0$56,192,100$2,466,000$58,658,100
2023$0$0$56,192,100$2,466,000$58,658,100

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