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    All-Brick Flex and Warehouse Building Title is generated by Realmo AI

    821 Main St, Altavista, VA 24517

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    For Sale
    $160,000

    All-brick flex building offers offices, an updated meeting/training area, and docked back loading with fenced exterior storage.

    Property size:
    4,480 SF
    Price / SF:
    $35/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 1:52 am

    Property Features for 821 Main St

    General Information

    Standard status
    Active
    Size
    4,480 SF

    We can help!

    Listing Contact
    Terri Dews

    Listing agent Terri Dews

    Listing office Stacey Angel Real Estate LLC

    Listing date Jun 1, 2026

    Source Exprealty

    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 Stacey Angel Real Estate LLC

    HighLights

    • All‑brick building on Main Street, Altavista, positioned in a high‑traffic area
    • Updated meeting/training area: 44 x 16 SF
    • Office space includes a 10 x 10 SF office plus an additional 44 x 68 SF large expansion area
    • Shop/storage space: 21 x 44 SF, with docked back loading and a fenced exterior storage area (20 x 35)
    • Parking on the side of the building and in back
    • Updated electric service listed as 220, 480, and 6000 amp

    Overview

    This all-brick flex and warehouse building is configured with an updated meeting and training area measuring 44 x 16, plus an office space measuring 10 x 10. Additional space includes a large 44 x 68 area intended for further expansion, which can support offices, business inventory, and/or storage. There is also a shop or additional storage area measuring 21 x 44. A loading dock is located at the rear, along with a fenced-in exterior storage area measuring 20 x 35. Parking is available on the side of the building and in back.

    The property is located on Main Street in Altavista, VA, and is described as being in a high-traffic area. The offering includes updated electrical service, noted at 220, 480, and 6000 amps.

    The building is well suited for an owner-user looking to expand operations or launch a start-up with a mix of work and administrative space. It also provides flexible internal areas for storage, inventory, or office growth, supported by rear loading and enclosed exterior storage for items that benefit from additional staging space. The seller notes the possibility to assume an existing business operation, subject to agent review of details.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Altavista
    County
    Campbell
    State
    Virginia
    Longitude
    -79.28435
    Latitude
    37.112375

    Nearby Similar for Sale

    • $449,900
      8,525 SF

      Altavista Mixed-Use Investment Opportunity

      Multi-parcel property with updated office and residential units.
      525 7th St, Altavista, VA 24517
      View Details
    • $375,000

      Altavista Drive-Thru Restaurant For Sale

      Renovated drive-thru restaurant or retail space in high-traffic location.
      1040 Main St, Altavista, VA, 24517-1531
      View Details

    FAQs

    What type of property is this?
    Flex space - All-brick flex building offers offices, an updated meeting/training area, and docked back loading with fenced exterior storage.
    Where is this flex space located?
    The property is located at 821 Main St Altavista, VA.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: All‑brick building on Main Street, Altavista, positioned in a high‑traffic area; Updated meeting/training area: 44 x 16 SF; Office space includes a 10 x 10 SF office plus an additional 44 x 68 SF large expansion area
    (434) 942-8124
    We can help!
    Listing Contact
    Terri Dews
    Learn More
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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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