Add Listing
    For Lease
    • 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

    1 Walker Rd Martinsville, VA 24112

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    53-acre site with I-1 zoning available for lease.

    Property Features for 1 Walker Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Grant Bates, Sior
    Source: Crexi

    Listing Agency: Newmark - Richmond Listing Agent: Grant Bates, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    53-Acre Site with Outdoor Storage

    This property, situated on a 53-acre site, presents a leasing opportunity with I-1 zoning. It is fully fenced and includes a guard shack. The location is within an enterprise zone. The site provides ample parking and robust utilities. The property is suitable for outdoor storage.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Building Supply Big Box & Wholesale Store Department Store Discount Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville
    State
    Virginia
    Longitude
    -79.8574
    Latitude
    36.7249

    Nearby Similar for Lease

    • Contact for pricing
      184,846 SF

      Martinsville Industrial Facility For Rent

      Class B industrial facility with freezer, ideal for manufacturing/distribution.
      229 Hollie Dr, Martinsville, VA 24112
      View Details
    • Contact for pricing
      1,200 SF

      Martinsville Office Space Available

      Office space for rent in Martinsville, Virginia, 1200 square feet.
      1101 Brookdale St, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Enterprise Zone Flex/Industrial Space

      Flexible industrial and flex space available within an enterprise zone.
      Martinsville, VA 24112
      View Details
    • Contact for pricing

      Martinsville Industrial Warehouses For Rent

      Three industrial warehouses with vacant space available for lease.
      1501 Joseph Martin Hwy, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Former Walgreens Retail Opportunity

      Freestanding retail building available for lease in Martinsville, Virginia.
      2707 Greensboro Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Martinsville Office Space For Lease

      Office space for lease in Martinsville, Virginia.
      1780 Old Chatham Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Professional Brick Office Building

      Office suites with live/work opportunity in Martinsville, VA.
      156 E Market St, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Industrial Building in Martinsville, VA

      100,440 SF Class A industrial building available for lease/purchase.
      740 Beaver Creek Dr, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Turn Key Medical Office Space

      4,200 SF medical office space for lease.
      445 Commonwealth Blvd E, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Retail Center on Greensboro Road

      11,475 SF retail center on primary retail corridor.
      2801 Greensboro Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Warehouse Space with Two Docks

      5,000 SF warehouse space featuring two loading docks.
      90 Tensbury Dr, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Uptown Martinsville Professional Office Space

      Professional office space for rent in Uptown Martinsville, Virginia.
      26 W Church St, Martinsville, VA 24112
      View Details

    FAQs

    What type of property is this?
    Industrial land - 53-acre site with I-1 zoning available for lease.
    Where is this industrial land located?
    The property is located at 1 Walker Rd Martinsville, VA.
    What are key features of this property?
    This property features: - 53-acre site with I-1 zoning, offering diverse possibilities.; - Ample outdoor storage, a valuable asset for various operations.; - Located in an enterprise zone, presenting potential benefits.
    Request Owner's contact information
    1 Walker Rd Martinsville, VA 24112
    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.
    1 Walker Rd
    Martinsville, VA 24112
    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
    1 Walker Rd Martinsville, VA 24112
    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
    Grant Bates, Sior
    Real Estate License ID: 225209474
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!