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Single-Level Office Building
For Sale
$4,500,000

978 Regional Park Road, Lebanon, VA 24266

Commercial Sale, Lebanon, VA

Property Size54,000 SF
Lot Size14.68 Acres
Price / SF$83.33
Days on Market935

Property Features for 978 Regional Park Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning M-1
Parking 442
Subdivision Not In Subdivision
Directions Beginning in Abingdon at the intersection of Rt 19 and W. Main St. redlight (Walgreens, First Bank & Trust), Take Rt 19, Porterfield HWY SW. Travel on Rt 19 for 21 miles and take a right at the (Walmart) redlight onto Regional Park Rd. Travel 0.2 of mile and the building is on the left past Walmart
Standard status Active
APN 104r Iaa 3814k2
Size 54,000 SF
Lot size 14.68 Acres

Taxes and HOA fees

Tax Annual Amount 13772

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Electric (Heating), Natural Gas
Water source Public

Amenities

cafeteria
kitchen
fitness center
lounge
break rooms
reception area
conference rooms
storage rooms
training rooms
dock high loading door

Building Details

Year built 2003
Building materials Block, Metal Siding
Roof type Metal
Listing Agency: Homeland Real Estate
Listed By: Melanie Waugh · License #0225205563
Added: Feb 28, 2024 Changed: Sep 16 Last Checked: Sep 20 at 5:06AM
MLS# 9962506

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This single-level office building was constructed in 2003 as a call center and includes multiple conference and storage rooms, three large open bullpen areas, four training rooms, reception, lounge, break rooms, a cafeteria with kitchen, and a fitness center. The interior features 12-foot ceilings, acoustical ceiling tile, painted drywall, LED and incandescent lighting, and two sets of men's and women's restrooms, including lockers and showers in one set.

Building systems include rooftop gas heat, electric ground-mounted heat pumps, a chiller with two exterior units rated at 104 and 170 tons, four interior air handlers, full-building wet sprinklers, and a separate generator structure with a 7,300-gallon fuel tank. The property also has a 12' x 14' dock-high loading door, 442 paved parking spaces, public water and sewer, M-1 zoning, a metal roof, fencing, walkways, landscaping, and a stormwater pond along the road frontage.

Key Highlights

  • 442 paved, newly marked and sealed parking spaces
  • 12‑foot ceilings throughout the building
  • Three large open bullpen office areas and four large training rooms

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Locksmith Dental Office Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft
Clear height
1
Dock-high doors
Yes
Sprinkler system
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

130
Businesses Nearby

Demographics for 24266, VA

8,705
Population
4,188
Households
2.1
Avg Household Size
46
Median Age
18%
College-Educated
89%
High-School Grad
125.9 sq mi
ZIP Area
69
Density / Sq Mi
$54,806
Median Household Income
$37,035
Median Earnings
$643
Median Rent
$131,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Former call center with extensive office, training, amenity, and building-support infrastructure.
Where is this office building located?
The property is located at 978 Regional Park Road Lebanon, VA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 442 paved, newly marked and sealed parking spaces; 12‑foot ceilings throughout the building; Three large open bullpen office areas and four large training rooms
More about this property
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