Gas Station and Convenience
For Sale
Contact for pricing
1467 Wards Rd, Altavista, VA 24517
Operating convenience retail business with real estate and business operations offered together on Wards Road.
Property Size1,988 SF
Lot Size0.58 Acres
Price / SF$226.36
Days on Market220
Property Features for 1467 Wards Rd
General Information
Standard status
Active
Size
1,988 SF
Lot size
0.58 Acres
Property subtype
Retail
Occupancy
100%
Investment Type
Owner/User
Site & Location
Traffic Count
19,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1970
Year Renovated
2024
Buildings
1
Stories
2
Abandoned
No
Listing Agency:
eXp realty, LLC
Listed By:
varun Patel · License #0225272968
(540) 491-1732
Source:
Crexi
Added: Mar 11
Changed: Oct 11
Last Checked: Oct 16 at 7:18AM
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 eXp realty, LLC
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Investment Insights
Based on property information with market context.
This offering combines a gas station property with an operating convenience retail business. The building contains 1,988 square feet on a 0.58-acre commercial-zoned site and was built in 1970. The sale includes both the real estate and the operating business, providing a single transaction for the property and its current retail operation.
Located at 1467 Wards Rd in Altavista, the property is near US-29 and benefits from nearby daily traffic reported at 17,000–19,000 AADT. On-site parking is also provided. The site’s Wards Road position supports continued convenience-oriented retail use.
Located at 1467 Wards Rd in Altavista, the property is near US-29 and benefits from nearby daily traffic reported at 17,000–19,000 AADT. On-site parking is also provided. The site’s Wards Road position supports continued convenience-oriented retail use.
Key Highlights
- Real estate and operating convenience business offered together
- 1,988 SF building on a 0.58‑acre lot
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,959
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,180
$499.2K
Cap Rate 7%
$356,557
$356.6K
Cap Rate 9%
$277,322
$277.3K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$35.8K $18.00/SF
− Vacancy
−$2.5K −$1.26/SF
EGI
$33.3K $16.74/SF
− OpEx
−$8.3K −$4.19/SF
NOI
$25.0K $12.56/SF
Area
Campbell County, VA
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,180
Cap Rate 7%
$356,557
Cap Rate 9%
$277,322
Alternative Uses
Best Use
Specialty Retail
$356.6K
$312.0K – $416.0K
NOI $24,959 @ 7.0% cap · market cap 5.55%
Second Best
Retail
$281.8K
$246.6K – $328.8K
NOI $19,726 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$600.6K
$525.5K – $700.7K
NOI $42,040 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
19,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 24517, VA
5,306
Population
2,376
Households
2.2
Avg Household Size
45
Median Age
23%
College-Educated
91%
High-School Grad
32.6 sq mi
ZIP Area
163
Density / Sq Mi
$51,141
Median Household Income
$36,789
Median Earnings
$855
Median Rent
$133,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Operating convenience retail business with real estate and business operations offered together on Wards Road.
Where is this gas station located?
The property is located at 1467 Wards Rd Altavista, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Real estate and operating convenience business offered together; 1,988 SF building on a 0.58‑acre lot; Built in 1970
