Flex Space with Drive-In
310 OLD RIVERSIDE DR, Danville, VA 24541
For Sale
$679,000
Commercial Sale, Danville, VA
Property Size6,262 SF
Lot Size0.50 Acres
Price / SF$108.43
Days on Market139
Property Features for 310 OLD RIVERSIDE DR
General Information
Property type
Property subtype
Zoning
Parking
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
showroom
office
storage
service space
drive-in bays
reconfigurable interior walls
existing signage opportunities
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
ESKEY & ASSOCIATES REALTY
(434) 797-4663
Listed By:
NIKKI DURHAM
(434) 334-6687
Added: Jun 25
Changed: Oct 10
Last Checked: Nov 10 at 5:06PM
MLS# 78944
Copyright © 2026 Dan River Region Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property contains 6,262 square feet on a 0.50-acre parcel. Its layout includes showroom, office, storage, and service areas, along with two drive-in bays fitted with approximately 10-foot overhead doors. Some sections of the original building reach approximately 14 feet in ceiling height, and interior walls can be reconfigured. The structure dates to 1949 and carries HRC zoning.
The site has 103 feet of road frontage and existing signage opportunities. Surrounding businesses include shopping, dining, financial services, and automotive operations, with access to major routes.
The site has 103 feet of road frontage and existing signage opportunities. Surrounding businesses include shopping, dining, financial services, and automotive operations, with access to major routes.
Key Highlights
- 6,262‑square‑foot flex property on 0.50 acre
- Two drive‑in bays with approximately 10‑foot overhead doors
- Original building sections have ceilings up to approximately 14 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,567
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,340
$731.3K
Cap Rate 7%
$522,386
$522.4K
Cap Rate 9%
$406,300
$406.3K
Market Conditions
NOI Build-Up for 6,262 SF
Gross rent
$62.4K $9.96/SF
− Vacancy
−$6.1K −$0.98/SF
EGI
$56.3K $8.98/SF
− OpEx
−$19.7K −$3.14/SF
NOI
$36.6K $5.84/SF
Area
Danville County, VA
Vacancy
9.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,340
Cap Rate 7%
$522,386
Cap Rate 9%
$406,300
Alternative Uses
Best Use
Flex RnD
$522.4K
$457.1K – $609.5K
NOI $36,567 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,109 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 24541, VA
27,529
Population
14,506
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
87%
High-School Grad
75.2 sq mi
ZIP Area
366
Density / Sq Mi
$49,292
Median Household Income
$35,592
Median Earnings
$818
Median Rent
$134,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Firehouse Subs Danville Mall — 450 Mall Dr Suite # 150, Danville, VA 24540
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable interiors combine customer-facing showroom space with offices, storage, and service areas.
Where is this flex space located?
The property is located at 310 OLD RIVERSIDE DR Danville, VA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 6,262‑square‑foot flex property on 0.50 acre; Two drive‑in bays with approximately 10‑foot overhead doors; Original building sections have ceilings up to approximately 14 feet
