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    121 Midpoint Dr Mineral, VA 23117

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    For Sale
    Contact for pricing

    7.5 acre industrial site between Charlottesville and Richmond.

    Property size:
    10,000 SF
    Lot size:
    7.43 Acres

    Property Features for 121 Midpoint Dr

    General Information

    Size
    10,000 SF
    Lot size
    7.43 Acres

    Source: Commonwealth Commercial Agent Michael Mayhew

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

    Overview

    Industrial Land Near I-64

    This 7.5-acre industrial site is zoned M-2 (heavy industrial), accommodating diverse industrial applications. Situated midway between Charlottesville and Richmond, it offers convenient access to both markets, approximately 30 minutes away via I-64. Phase I is currently under construction, with an estimated completion date in Q4 2024. The development plan includes options for one larger building or two buildings of similar size.
    Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Kitchen & Bath Storage Facility Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Mineral
    County
    Louisa
    State
    Virginia
    Longitude
    -77.9721202
    Latitude
    37.8478934

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    FAQs

    What type of property is this?
    Industrial land - 7.5 acre industrial site between Charlottesville and Richmond.
    Where is this industrial land located?
    The property is located at 121 Midpoint Dr Mineral, VA.
    What are key features of this property?
    This property features: - Zoned M-2 (heavy industrial) allowing for a wide variety of industrial uses; - Midpoint between Charlottesville and Richmond off I-64 (30-minute to both markets); - Total site is 7.5± AC
    (804) 346-4966
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    121 Midpoint Dr Mineral, VA 23117
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    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
    121 Midpoint Dr Mineral, VA 23117
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