Remodeled Multi-Office
520 PINEY FOREST RD, Danville, VA 24540
For Sale
$699,900
Commercial Sale, Danville, VA
Property Size2,616 SF
Lot Size0.51 Acres
Price / SF$267.55
Days on Market142
Property Features for 520 PINEY FOREST RD
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
break room
Building Details
Year built
Listing Agency:
ESKEY & ASSOCIATES REALTY
(434) 797-4663
Listed By:
CHUCK ESKEY · License VA #0225034214
(434) 250-9800
Added: Jun 22
Changed: Oct 6
Last Checked: Nov 10 at 5:06PM
MLS# 78921
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 2,616-square-foot office building offers a remodeled interior with 10 offices, a break room, one full bathroom, and two half bathrooms. Constructed in 1994, the property is configured for immediate office occupancy and sits on a 0.51-acre parcel. HB zoning is identified for the site.
Located at 520 Piney Forest Rd in Danville, Virginia, the property recorded a traffic count of 27,000 vehicles per day according to VDOT data from 2024. The office layout and existing improvements provide a practical commercial setting for an owner-user or office operation.
Located at 520 Piney Forest Rd in Danville, Virginia, the property recorded a traffic count of 27,000 vehicles per day according to VDOT data from 2024. The office layout and existing improvements provide a practical commercial setting for an owner-user or office operation.
Key Highlights
- 2,616 SF office building on 0.51 acres
- Remodeled interior with 10 offices
- Break room included in the office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,388
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,760
$587.8K
Cap Rate 7%
$419,829
$419.8K
Cap Rate 9%
$326,533
$326.5K
Market Conditions
NOI Build-Up for 2,616 SF
Gross rent
$49.6K $18.96/SF
− Vacancy
−$10.4K −$3.98/SF
EGI
$39.2K $14.98/SF
− OpEx
−$9.8K −$3.74/SF
NOI
$29.4K $11.23/SF
Area
Danville County, VA
Vacancy
21.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,760
Cap Rate 7%
$419,829
Cap Rate 9%
$326,533
Alternative Uses
Best Use
Office B
$419.8K
$367.4K – $489.8K
NOI $29,388 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.0K
$434.0K – $578.7K
NOI $34,720 @ 7.0% cap · market cap 4.96%
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
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Current Use
Lease Details
27,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Remodeled commercial office property with multiple private offices, a break room, and flexible restroom facilities.
Where is this office building located?
The property is located at 520 PINEY FOREST RD Danville, VA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,616 SF office building on 0.51 acres; Remodeled interior with 10 offices; Break room included in the office layout
