ValleyStar Credit Union For
For Sale
Contact for pricing
3240 Franklin Turnpike, Danville, VA 24540
Bank building in high traffic, high visibility area.
Property Size5,164 SF
Price / SF$271.11
Days on Market1606
Property Features for 3240 Franklin Turnpike
General Information
Standard status
Active
Size
5,164 SF
Class
A
Property subtype
Office
Building Details
Buildings
1
Listing Agency:
Wilkins & Co Realtors
Listed By:
John Laramore · License #VA
(434) 489-8200
Source:
Crexi
Added: Jun 7, 2022
Changed: Oct 25
Last Checked: Oct 28 at 8:51AM
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 Wilkins & Co Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 3240 Franklin Turnpike is a bank building constructed in 2014. The building is well maintained and includes a teller area, offices, a break room/conference room, and two restrooms. It also features a three-lane drive-through with a canopy. The property is located in a high traffic, high visibility area. The building's size is 5164 square feet.
Key Highlights
- High traffic, high visibility location on Franklin Tpke (Rt‑41)
- Well‑maintained building constructed in 2014
- Three‑lane drive‑through with canopy**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,744
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,880
$1.1M
Cap Rate 7%
$810,629
$810.6K
Cap Rate 9%
$630,489
$630.5K
Market Conditions
NOI Build-Up for 5,164 SF
Gross rent
$82.4K $15.96/SF
− Vacancy
−$6.8K −$1.31/SF
EGI
$75.7K $14.65/SF
− OpEx
−$18.9K −$3.66/SF
NOI
$56.7K $10.99/SF
Area
Danville County, VA
Vacancy
8.20%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,880
Cap Rate 7%
$810,629
Cap Rate 9%
$630,489
Alternative Uses
Best Use
Specialty Retail
$810.6K
$709.3K – $945.7K
NOI $56,744 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$501.7K
$439.0K – $585.3K
NOI $35,119 @ 7.0% cap · market cap 2.51%
Theoretical Best
Warehouse
$3.03M
$2.65M – $3.54M
NOI $212,178 @ 7.0% cap · market cap 15.16%
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
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,123 visits/mo
0.2 miles
Exxon
Shops & Services
2,516 visits/mo
0.3 miles
Demographics for 24540, VA
32,094
Population
15,792
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
87%
High-School Grad
75.0 sq mi
ZIP Area
428
Density / Sq Mi
$47,207
Median Household Income
$34,621
Median Earnings
$828
Median Rent
$146,100
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?
Bank - Bank building in high traffic, high visibility area.
Where is this bank located?
The property is located at 3240 Franklin Turnpike Danville, VA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: High traffic, high visibility location on Franklin Tpke (Rt‑41); Well‑maintained building constructed in 2014; Three‑lane drive‑through with canopy**
