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    Light Industrial Warehouse Buildings Title is generated by Realmo AI

    4089 Pepperell Way, Dublin, VA 24084

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    For Sale
    $1,575,000

    COMMERCIAL - Dublin, VA

    Property size:
    18,128 SF
    Lot size:
    3.37 Acres
    Price / SF:
    $86/SF
    Added:
    Dec 16, 2024
    Days on Market:
    535
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 4089 Pepperell Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Light Industrial
    Standard status
    Active
    Lot size
    3.37 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    REV Part Lot 10 Pulaski Co Industrial Park
    Tax Annual Amount
    2884

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Flooring type
    Concrete, Carpet, Lvp
    Building materials
    Wood Frame

    We can help!

    Listing Contact
    Nancy Page

    Listing agent Nancy Page License #225043559

    Listing office Page & Assoc. Real Estate 1655 Roanoke Street, POB1499, Christiansburg, VA

    Listing date Dec 16, 2024

    MLS# 422832

    Copyright © 2026 New River Valley 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.

    HighLights

    • Two industrial buildings totaling 17,283 sq ft warehouse/industrial space plus 845 sq ft office/kitchenette/conference room space
    • Almost 4 acres with heavy traffic count frontage on Pepperrell Way and Cougar Trail
    • Connected by a covered breezeway between the two buildings
    • 3 dock‑height shipping doors with levelers plus 2 additional dock doors
    • Central air cooling, forced‑air natural gas heating, and public water service
    • Electrical service includes 225‑amp and 200‑amp panels, with ample parking and turn areas

    Overview

    Two light industrial warehouse buildings are offered for sale and available immediately. The buildings total 17,283 sq ft of industrial/warehouse space and include 845 sq ft of office/kitchenette/conference room space. The buildings are connected by a covered breezeway, and the property is supported by dock-height shipping doors with levelers plus additional dock doors. Electrical service includes 225-amp and 200-amp service panels, with ample parking and turn areas.

    The property is located within the Pulaski County Industrial Park with frontage described along Pepperrell Way and Cougar Trail. The remarks note heavy traffic count on Pepperrell Way. The surrounding area includes businesses such as Volvo, Phoenix, NRV Fleet Services, and LH Corp.

    This configuration can fit tenants that need both warehouse and a modest amount of office and meeting space in the same facility footprint. With multiple dock doors, the property supports shipping and receiving operations without requiring a separate office building. Because the buildings are connected by a covered breezeway, it may be practical for operators seeking covered internal movement between warehouse areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Daycare Center Nursing Home Nursing Home Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Dublin
    County
    Pulaski
    State
    Virginia
    Longitude
    -80.7183702
    Latitude
    37.082705

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    FAQs

    What type of property is this?
    Warehouse - Two connected industrial buildings with loading docks, covered breezeway, and office space, offered in a light industrial park.
    Where is this warehouse located?
    The property is located at 4089 Pepperell Way Dublin, VA.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: Two industrial buildings totaling 17,283 sq ft warehouse/industrial space plus 845 sq ft office/kitchenette/conference room space; Almost 4 acres with heavy traffic count frontage on Pepperrell Way and Cougar Trail; Connected by a covered breezeway between the two buildings
    (540) 392-9505
    We can help!
    Listing Contact
    Nancy Page
    Real Estate License ID: 225043559
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    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.

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