Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1201 W Danville St South Hill, VA 23917

    Sponsored
    For Sale
    $1,999,999

    COMMERCIAL - South Hill, VA

    Property size:
    21,164 SF
    Lot size:
    4.00 Acres
    Days on Market:
    16
    Last Refresh:
    Feb 3 at 4:06 am

    Property Features for 1201 W Danville St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Parking
    125
    Exterior features
    Fenced Yard, Private Yard, Uncovered Courtyard
    Fencing
    Fenced
    Size
    21,164 SF
    Lot size
    4.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air, Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Building materials
    Steel Siding

    We can help!

    Listing Contact
    Kim Hicks

    Coldwell Banker Advantage

    Listing agent Kim Hicks (919) 369-7322

    Listing date Jan 19, 2026

    MLS# 10115233

    Copyright © 2026 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile South Hill Multi-Use Facility

    Located in the heart of South Hill's growing downtown area, this multi-use facility offers 21,164 square feet of space across two buildings on 4 acres. Formerly a Moose Lodge, the property includes a full-service restaurant and bar with multiple TVs, a stage, and an outdoor patio, along with a commercial-grade kitchen and cafe/snack bar. A fully equipped gym and a junior Olympic-size pool (25 meters) with a retractable roof for year-round use are also featured. The infrastructure, including kitchen apparatus and appliances, conveys with the property. Outside, a large fenced sun deck is suitable for events, recreation, or private gatherings, complemented by expansive parking. The facility also provides many meeting rooms, offices, storage areas, and a banquet/reception hall with a stage, suitable for weddings, conferences, or civic functions. Recreational areas include pool tables and dart boards. The property is less than 10 minutes from I-85 and a short drive to Lake Gaston and Buggs Island/Kerr Lake. The property is suited for civic and community use to commercial, recreational, or mixed-use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Hill
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.151044
    Latitude
    36.719686

    Nearby Similar for Sale

    • $850,000
      0.10 Acres

      Historic Multi-Tenant Corner Building

      Three-story commercial building with diverse tenants and redevelopment potential.
      104 South Hill Ave, South Hill, VA 23970
      View Details
    • $1,999,999
      21,164 SF

      Multi-Use Facility in South Hill

      21,164 SF facility on 4 acres in downtown South Hill.
      1201 W Danville St, South Hill, VA 23970
      View Details
    • New
      $249,000
      2,376 SF

      South Hill Commercial Opportunity

      Highly visible commercial property in South Hill with redevelopment potential.
      109 Atlantic St, South Hill, VA 23970
      View Details
    • $249,000
      2,052 SF

      South Hill Commercial Opportunity

      Highly visible commercial property in South Hill's growing market.
      109 Atlantic St, South Hill, VA 23970
      View Details
    • $324,900
      1,358 SF

      New Craftsman Home on Acreage

      New 3-bedroom Craftsman home on 4 acres near I-85.
      431 Raleigh Ave, South Hill, VA 23970
      View Details
    • $239,900
      Pending

      Charming Brick Ranch in South Hill

      Comfortable brick ranch on two lots in South Hill, VA.
      821 Northington St, South Hill, VA 23970
      View Details
    • $249,000
      1.00 Acre

      Highway Commercial Property South Hill

      Two buildings on a high-traffic commercial lot near South Hill.
      9406 Highway One, South Hill, VA 23970
      View Details
    • $89,900
      Pending

      South Hill Commercial Building Opportunity

      Commercial building in downtown South Hill, priced to sell.
      109 East Main St, South Hill, VA 23970
      View Details
    • $699,000
      0.96 Acres

      High-Traffic Commercial Lot in South Hill

      Prime commercial lot with high visibility and traffic in South Hill.
      625 E Atlantic St, South Hill, VA 23970
      View Details
    • $1,071,165
      3,350 SF

      Outparcel to New Market Madison

      Outparcel to shopping center with excellent visibility and access.
      129 E Ferrell St, South Hill, VA 23970
      View Details
    • $288,000

      Highway Frontage Specialty Property

      Specialty property for sale on Highway Forty-Seven.
      26460 Hwy, South Hill, VA 23970
      View Details

    FAQs

    What type of property is this?
    Fitness center & gym - 21,164 SF multi-use facility on 4 acres in South Hill.
    Where is this fitness center & gym located?
    The property is located at 1201 W Danville St South Hill, VA.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: - Large 21,164+\/- SF multi-use facility on 4 acres in South Hill's downtown growth corridor, benefiting from Microsoft's investment.; - Includes a junior Olympic-size pool (25 meters) with retractable roof for year-round use and a fully equipped gym.; - Features a full-service restaurant & bar with a stage, outdoor patio, and a commercial-grade kitchen.
    (919) 369-7322
    Request Owner's contact information
    1201 W Danville St South Hill, VA 23917
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 W Danville St
    South Hill, VA 23917
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 W Danville St South Hill, VA 23917
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kim Hicks
    (919) 369-7322
    Learn more
    Google sign-in failed. Please try again or use another login method.