Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Portfolio on US Highway 501 Title is generated by Realmo AI

    5235 Halifax Road, Halifax, VA 24558

    View on Map
    Claim this Listing
    New
    For Sale
    $3,250,000

    Commercial/Industrial - Professional/Office, Professional Service, Warehouse, Commercial

    Type:Single Family Residence
    Property size:
    4,630 SF
    Lot size:
    11.72 Acres
    Price / SF:
    $701/SF
    Added:
    May 6, 2026
    Days on Market:
    7
    Last Refresh:
    May 12 at 10:06 pm

    Property Features for 5235 Halifax Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Size
    4,630 SF
    Lot size
    11.72 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)

    Building Details

    Year built
    2002
    Building materials
    Brick, Frame, Steel Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Clark

    Listing agent Jason Clark

    Listing office South Boston 3510 Old Halifax Road, VA

    Listing date May 6, 2026

    MLS# 73086 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Contiguous block of high‑visibility real estate strategically positioned along US Highway 501.
    • Mix of office space, 174 storage units, and industrial warehouse provides balanced rental income and retail potential.
    • Includes a 4,800 sq. ft. industrial warehouse plumbed for a future bathroom.
    • 2,646 sq ft brick building with existing office space and over 2,000 sq ft of unfinished space upstairs for potential expansion.
    • Located across from the Halifax Country Club and minutes from industrial hubs.
    • Total acreage of 11.72 acres across four adjacent parcels.

    Overview

    This commercial portfolio offers a contiguous block of real estate with high visibility along US Highway 501. The portfolio includes multiple assets. One asset, located at 5235 Halifax Road, features a 2,646 sq ft brick building with 9 offices, 2 baths, a conference room, a waiting room, and a kitchenette. Additionally, there is over 2000 square feet of unfinished space upstairs that could be converted into additional office space. This property also includes 168 well-maintained storage units and is situated on 3.5 acres. Another asset, located at 5229 Halifax Road, consists of a 784 sq ft office with 3 rooms, 1 bath, and a kitchenette, along with 6 storage units, situated on 0.61 acres. The third asset, located at 5245 Halifax Road, provides a 1,344 sq ft office space with 4 offices and 2 baths, plus a 4,800 sq ft industrial warehouse plumbed for a future bathroom. This property is situated on two parcels totaling 7.61 acres. The properties are located across from the Halifax Country Club and near the industrial hubs of South Boston, benefiting from area growth and traffic development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wayne S. Stevens, ... Real Estate Agency Halifax Self Storage Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Halifax
    County
    Halifax
    State
    Virginia
    Longitude
    -78.92924
    Latitude
    36.7536588

    Nearby Similar for Sale

    • $420,000
      7,040 SF

      Halifax Townhomes Investment Opportunity

      Eight-unit townhome complex in Halifax, Virginia, on 0.8 acres.
      531-553 Oak Lane, Halifax, VA 24558
      View Details
    • $225,000
      2,204 SF

      Farmhouse on Peaceful Acres

      Traditional farmhouse on 5.26 acres near Halifax, Virginia.
      1242 LP Bailey Memorial Hwy, Halifax, VA 24558
      View Details
    • Contact for pricing
      32,011 SF

      Halifax Warehouse and Production Space

      32,011 SF warehouse with office and production space.
      2507 Houghton Ave, Halifax, VA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial portfolio with office, storage, and warehouse spaces.
    Where is this mixed-use property located?
    The property is located at 5235 Halifax Road Halifax, VA.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Contiguous block of high‑visibility real estate strategically positioned along US Highway 501.; Mix of office space, 174 storage units, and industrial warehouse provides balanced rental income and retail potential.; Includes a **4,800 sq. ft. industrial warehouse plumbed for a future bathroom.**
    (888) 536-0216
    We can help!
    Listing Contact
    Jason Clark
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5235 Halifax Road, Halifax, VA 24558
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!