Multi-Tenant Retail
For Sale
Contact for pricing
605-617 Piney Forest Rd, Danville, VA 24540
Three-building retail investment with four fully leased spaces across one tract, totaling 7,680 SF.
Property Size7,680 SF
Price / SF$169.27
Days on Market142
Property Features for 605-617 Piney Forest Rd
General Information
Standard status
Active
Size
7,680 SF
Property subtype
Retail
Occupancy
100%
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Hauser Realty Group
Listed By:
Michael W. Scearce · License #VA
From the agent's profile:
(434) 489-1444, (434) 792-3000
View profile
Source:
Crexi
Added: Jun 15
Changed: Oct 25
Last Checked: Nov 3 at 3:20AM
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 for-sale multi-tenant retail investment property includes three buildings on a single tract, offering four fully leased spaces that total 7,680 SF. The asset is structured as a multi-tenant ownership opportunity, with the current occupancy providing an immediate operating base for a new owner.
The property is located at 605-617 Piney Forest Rd in Danville, Virginia, positioned in the center of the Piney Forest Rd commercial sector. This setting supports day-to-day retail visibility and tenant accessibility from the surrounding shopping area.
For buyers evaluating retail income, the combination of multiple buildings and multiple leased spaces can provide diversification within one ownership group, rather than relying on a single location or tenant arrangement. The current configuration includes four leased spaces across the three-building layout, making it well-suited for investors or owner-operators looking for a straightforward retail asset with existing tenancy.
The property is located at 605-617 Piney Forest Rd in Danville, Virginia, positioned in the center of the Piney Forest Rd commercial sector. This setting supports day-to-day retail visibility and tenant accessibility from the surrounding shopping area.
For buyers evaluating retail income, the combination of multiple buildings and multiple leased spaces can provide diversification within one ownership group, rather than relying on a single location or tenant arrangement. The current configuration includes four leased spaces across the three-building layout, making it well-suited for investors or owner-operators looking for a straightforward retail asset with existing tenancy.
Key Highlights
- Multi‑tenant commercial investment property with 3 buildings on one tract
- 4 fully leased spaces totaling 7,680 SF
- Located in the center of the Piney Forest Rd commercial sector
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,229
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,580
$1.0M
Cap Rate 7%
$746,129
$746.1K
Cap Rate 9%
$580,322
$580.3K
Market Conditions
NOI Build-Up for 7,680 SF
Gross rent
$84.8K $11.04/SF
− Vacancy
−$10.2K −$1.32/SF
EGI
$74.6K $9.72/SF
− OpEx
−$22.4K −$2.91/SF
NOI
$52.2K $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%
$1,044,580
Cap Rate 7%
$746,129
Cap Rate 9%
$580,322
Alternative Uses
Best Use
Retail
$746.1K
$652.9K – $870.5K
NOI $52,229 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.51M
$3.94M – $5.26M
NOI $315,555 @ 7.0% cap · market cap 24.27%
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
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 42%
Electronics 3%
KFC
Dining
8,851 visits/mo
0.2 miles
Zips Car Wash
Shops & Services
5,633 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,071 visits/mo
0.1 miles
Papa John's Pizza
Dining
4,094 visits/mo
0.1 miles
Citgo
Shops & Services
3,593 visits/mo
0.2 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?
Strip mall - Three-building retail investment with four fully leased spaces across one tract, totaling 7,680 SF.
Where is this strip mall located?
The property is located at 605-617 Piney Forest Rd Danville, VA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Multi‑tenant commercial investment property with 3 buildings on one tract; 4 fully leased spaces totaling 7,680 SF; Located in the center of the Piney Forest Rd commercial sector
