Storefront Property with Security
For Sale
$845,000
532 Monroe St, Danville, VA 24541
The vacant property has an active security system and HRC zoning.
Property Size8,000 SF
Price / SF$105.63
Days on Market651
Property Features for 532 Monroe St
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
HRC
Taxes and HOA fees
Annual Taxes
$2,567
Amenities
active security system
High Ceilings
Building Details
Building Size
8,000 SF
Year Built
1991
Buildings
1
Stories
1
Units
1
Listing Agency:
HAUSER REALTY GROUP
(434) 792-3000
Listed By:
Michael Scearce
(434) 489-1444
Source:
Manascorealty
Added: Jan 14, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:56AM
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 HAUSER REALTY GROUP
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Investment Insights
Based on property information with market context.
This storefront property contains 8,000 square feet and was built in 1991. It is vacant, with an active security system in place.
The property is zoned HRC and is located at 532 Monroe St, Danville, VA 24541.
The property is zoned HRC and is located at 532 Monroe St, Danville, VA 24541.
Key Highlights
- 8,000‑square‑foot storefront property
- Active security system
- HRC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,405
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,100
$1.1M
Cap Rate 7%
$777,214
$777.2K
Cap Rate 9%
$604,500
$604.5K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$88.3K $11.04/SF
− Vacancy
−$10.6K −$1.32/SF
EGI
$77.7K $9.72/SF
− OpEx
−$23.3K −$2.91/SF
NOI
$54.4K $6.80/SF
Area
Danville County, VA
Vacancy
12.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,100
Cap Rate 7%
$777,214
Cap Rate 9%
$604,500
Alternative Uses
Best Use
Retail
$777.2K
$680.1K – $906.8K
NOI $54,405 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.70M
$4.11M – $5.48M
NOI $328,703 @ 7.0% cap · market cap 38.90%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 36%
Hotels & Casinos 15%
KFC
Dining
7,562 visits/mo
0.2 miles
American National Bank
Shops & Services
2,362 visits/mo
0.3 miles
Holiday Inn Express Danville, an IHG Hotel
Hotels & Casinos
2,342 visits/mo
0.5 miles
First National Bank
Shops & Services
1,541 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,215 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Ivory Hills Floral Designs — 406 Main St, Danville, VA 24541
Frequently Asked Questions
What type of property is this?
Storefront property - The vacant property has an active security system and HRC zoning.
Where is this storefront property located?
The property is located at 532 Monroe St Danville, VA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 8,000‑square‑foot storefront property; Active security system; HRC zoning
