Prime Real Estate & High-Cash-Flow Business in Martinsville, VA
Property size:
4,000 SF
Description
Added:
Nov 9, 2025
Days on Market:
82
PREMIUM INVESTMENT OPPORTUNITY: Marathon Gas, Deli
Prime Real Estate & High-Cash-Flow Business in Martinsville, VA
This is a rare opportunity to acquire a high-performing, Marathon-branded gas station and convenience store located at a high-visibility, high-traffic corner right off the US-58 and US-220 Business interchange in Martinsville, VA. The sale includes substantial value-add components: a ready-to-activate Auto Service Garage and a high-potential Food Service Operation.
Current Financial Snapshot (Proven Performance) * Inside Sales (C-Store only): ~$50,000 / month * Current Pizza Sales: $10,000 / month * Fuel Volume: ~20,000 gallons / month * Fuel Margin: Strong $0.20 per gallon * ATM Income (Commission): $300 / month * Lottery Commission: $700 / month Key Features & Major Growth Potential
* Massive $20,000/Month Games Upside: The store has a proven history of generating $20,000 per month from machine income (e.g., games/vending). These machines are currently not in the store, allowing the new owner to bring them in immediately and reactivate this high-margin revenue stream.
* Integrated Auto Service Garage (Ready for Income): Includes a dedicated 1-bay garage space with an underground oil change ramp. The space is currently used for storage; no tools or equipment are included. It is ready for immediate activation for quick lube, state inspections, and minor repairs, capturing existing fuel/C-Store traffic.
* Food Service Growth Potential: The kitchen is fully equipped and currently generating $10,000 in monthly pizza sales. The deli section can be immediately relaunched to generate an estimated $10,000 per month extra (based on proven history), significantly boosting current food service revenue to ~$20,000 / month.
* Low Maintenance: The gas company provides and covers all maintenance for the gas pumps and the register system, saving the owner significant operational costs. Choose Your Investment Structure (Two Options Available)
Option 1: Business & Real Estate Purchase (Maximum Equity & Control) * Asking Price: $800,000 (Includes Land, Building, and Goodwill) + Inventory
Option 2: Business Only (Leasehold Purchase) (Lower Entry Cost, Flexible Exit) * Asking Price: $250,000 (Goodwill) + Inventory * Lease Rate: $3,500 / month (Favorable, low-cost occupancy.) * Lease Agreement: Ready upon request. We are prepared to finalize a lease agreement immediately. * Flexibility: Includes the valuable option to purchase the real estate in the future, providing a clear path to full ownership and long-term equity growth.
Property Features for 870 Preston Rd
General Information
Property type
Gas stations
Square Feet
4,000 SF
Class
C
Total Parking Spaces
10
Building Details
Year Renovated
2023
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Property Insight Report
Location Intelligence
Current Use by Public Records
Hunt Brothers PizzaPizza RestaurantMarathon GasGas StationJ & H MarketGrocery Store
Suggested Use
RestaurantSpa & MassageHair SalonNail SalonAuto Repair ShopWholesale ShopAuto Parts StoreGrocery StoreFood MarketDiscount Store
Zoning and permitted uses should be independently verified with local authorities.
Location Insight
Map
Local Demand
City
Martinsville
State
Virginia
Longitude
-79.9587255
Latitude
36.6381844
Nearby Similar for Sale
$354,000
Brick Ranch Home with Singlewide
Well-maintained properties in central location with updates and detached garage.
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870 Preston Rd Martinsville, VA 24112
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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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870 Preston Rd Martinsville, VA 24112
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