This exceptional commercial property, located at 978 Regional Park Road in Lebanon, Virginia, offers a substantial 54,683 square feet of versatile space situated on a 14.68-acre lot. Built in 2003, this single-story steel-framed building features a concrete slab foundation and a mechanical attic. The property boasts a large parking lot with 442 newly sealed and marked paved spaces. The roof, a pitched/standing seam metal design, was fully replaced within the last 5-7 years. Interior features include acoustical ceiling tiles, painted drywall, and a combination of suspended LED and canned incandescent lighting. Ample restroom facilities are available, including two sets of men's and women's restrooms, one of which includes lockers and showers. The HVAC system comprises gas-fired rooftop heat package units, electric ground-mounted heat pumps, and a chiller system with two exterior units (104 and 170 ton) and four interior air handlers. A comprehensive wet sprinkler system provides full building coverage. Exterior improvements include concrete curbing, gutters, a dumpster pad, walkways, metal fencing, a metal storage building, and landscaping. The property also includes a large cafeteria with a kitchen, a fitness center, a lounge, break rooms, and a reception area. A 12' x 14' dock-high loading door facilitates efficient material handling. A stormwater management pond is situated along the road frontage. A separate structure houses a full-building generator with a 7,300-gallon fuel tank, ensuring reliable power. The interior layout includes multiple conference rooms, storage rooms, three large open bullpen office areas, and four large training rooms. High ceilings, measuring 12 feet throughout, contribute to a spacious and comfortable environment. Permitted uses are diverse and include, but are not limited to, retail, office, institutional, recreational, lodging, utility, and industrial applications.
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.
978 Regional Park Rd Lebanon, VA 24266
Message sent successfully
Error
Email to Your Friends
Message sent successfully
Error
Realmo Value Estimation
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.
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.
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
978 Regional Park Rd Lebanon, VA 24266
More about this listing
978 Regional Park Rd, Lebanon, VA
Melanie Waugh
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Request price
978 Regional Park Rd, Lebanon, VA
Melanie Waugh
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Property Records & Analytics
978 Regional Park Rd, Lebanon, VA
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Request Owner's contact information
978 Regional Park Rd, Lebanon, VA
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Current Estimation by Request
978 Regional Park Rd, Lebanon, VA
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Send Message
to 978 Regional Park Rd Lebanon, VA 24266
978 Regional Park Rd, Lebanon, VA
Melanie Waugh
Contact Person
Thank You
Your message was sent!
Error
Your message wasn't sent. Try again
Google sign-in failed. Please try again or use another login method.