Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1296 Piney Forest Rd Danville, VA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property with drive-thru lanes and ample parking.

    Type:RETAIL
    Property size:
    2,584 SF
    Lot size:
    0.79 Acres
    Price / SF:
    $268/SF
    Added:
    Aug 2, 2023
    Days on Market:
    1003
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 1296 Piney Forest Rd

    General Information

    Standard status
    Active
    Size
    2,584 SF
    Lot size
    0.79 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Norman Moon

    Listing agent Norman Moon

    Listing office Cushman & Wakefield | Thalhimer - Lynchburg

    Listing date Aug 2, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Thalhimer - Lynchburg

    Overview

    Retail Property on Piney Forest

    This retail property is located on the corner of Piney Forest Road and Nor Dan Drive, near a Walmart Neighborhood Market-anchored shopping center. The site benefits from high visibility at a signalized intersection with a traffic count of 25,000 vehicles per day. The property includes 3 drive-thru lanes and approximately 30 parking spaces. The building size is 2,584 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Movement Bank Bank

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • The Flower Girl — 239 Piney Forest Rd, Danville, VA 24540

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Danville
    State
    Virginia
    Longitude
    -79.3982
    Latitude
    36.6287

    Nearby Similar for Sale

    • $3,800
      15,341 SF

      Versatile Commercial Building in Danville

      Spacious building with fenced lot, convenient location, versatile sections.
      408 N MAIN ST, Danville, VA 24540
      View Details
    • $595,000
      14,810 SF

      Historic Warehouse with Conversion Potential

      Historic warehouse for sale with condo/commercial conversion potential.
      335 FLOYD ST, Danville, VA 24541
      View Details
    • $700
      15,000 SF

      Danville Office Space For Sale

      Office space for sale with flexible leasing options and utilities included.
      103 TOWER DR, Danville, VA 24540
      View Details
    • Contact for pricing
      5,612 SF

      Restaurant Property on Highway 58

      Restaurant property with ample parking and FF&E included.
      3585 Riverside Dr, Danville, VA 24541
      View Details
    • $2,335,000
      2,267 SF

      KFC Absolute NNN Lease

      KFC with 15 years remaining on Absolute NNN lease.
      604 Memorial Dr, Danville, VA 24541
      View Details
    • $2,000,000

      Retail Property For Sale

      Retail property available for purchase in Danville, Virginia.
      370 Mall Dr, Danville, VA
      View Details
    • Contact for pricing

      Freestanding Retail Building For Sale

      8,343 SF building on 2.36 AC, high-traffic location.
      3943 Franklin Tpke, Danville, VA 24540
      View Details
    • $4,212,000
      6,532 SF

      Retail Property on Mall Drive

      Retail property available for sale, totaling 6,532 square feet.
      450 Mall Dr, Danville, VA
      View Details
    • Contact for pricing
      6,262 SF

      Danville Retail Showroom For Sale

      6,262 SF retail showroom for redevelopment on 0.5 acres.
      310 Old Riverside Dr, Danville, VA 24541
      View Details
    • $385,000

      Two-Level Physician's Office with Elevator

      Two-level physician's office with elevator and additional parking.
      125 Watson St, Danville, VA 24541
      View Details
    • $815,000
      19,200 SF

      Danville Warehouse with Industrial Zoning

      19,200 SF warehouse on 3.39 acres, M-2 zoning.
      295 Charming Rd, Danville, VA 24541
      View Details
    • $3,500,000
      50,652 SF

      Danville Flex Space For Sale

      50,652 SF flex space on 9.76 acres available.
      119 Cane Crk Blvd, Danville, VA
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail property with drive-thru lanes and ample parking.
    Where is this storefront property located?
    The property is located at 1296 Piney Forest Rd Danville, VA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Prime corner lot location at Piney Forest Rd and Nor Dan Dr; High visibility at a signalized intersection with 25,000 VPD traffic; Located near Walmart Neighborhood Market anchored shopping center
    (434) 851-4481 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Norman Moon
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!