Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    285 Club House Rd Martinsville, VA 24112

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile land, ideal for multiple uses.

    Lot size:
    1,742,400 SF

    Property Features for 285 Club House Rd

    General Information

    Property type
    Farms
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,742,400 SF

    Spaces For Lease

    at 285 Club House Rd, Martinsville, VA 24112 Contact us

    We can help!

    Listing Contact
    Will Vaughn
    Will Vaughn

    Listing Agency: J & R Management Listing Agent: Will Vaughn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 40-acre property located at 285 Club House Rd, Martinsville, VA 24112 presents a unique investment opportunity. Zoned for commercial, residential, and agricultural uses, this single-tenant land parcel offers unparalleled flexibility. The expansive 40-acre lot provides ample space for a variety of development projects, from equestrian facilities to agricultural ventures or even a combination thereof. Its location in Martinsville, Virginia offers a blend of rural tranquility and convenient access to local amenities. The property's versatility makes it suitable for a wide range of buyers, from those seeking a large-scale development project to those looking for a peaceful retreat with significant land holdings. With no existing buildings, the land is a blank canvas ready for your vision. The property's size and zoning provide significant potential for future growth and return on investment. Serious inquiries are encouraged to explore the possibilities of this remarkable property. Detailed site surveys and zoning information are readily available upon request. This is a rare opportunity to acquire a substantial land parcel in a desirable location with diverse development potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Auto Parts Store Department Store Grocery & Convenience Store Discount Store (Bike/Boat/Book/etc) Store Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.896875185366
    Latitude
    36.656809317905

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Martinsville

      Retail space available on Commonwealth Blvd in Martinsville, VA.
      100 West Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Enterprise Zone Flex/Industrial Space

      Flexible industrial and flex space available within an enterprise zone.
      Martinsville, VA 24112
      View Details
    • Contact for pricing
      1,200 SF

      Martinsville Office Space Available

      Office space for rent in Martinsville, Virginia, 1200 square feet.
      1101 Brookdale St, Martinsville, VA 24112
      View Details
    • $10 SF/Yr
      5,559 SF

      Uptown Martinsville Office Space

      Prime Office Suites, Flexible Layout
      26 Church St, Martinsville, VA 24112
      View Details
    • $15 SF/Yr
      5,940 SF

      Martinsville Office Building For Sale

      Prime location, three suites available
      156 Market St, Martinsville, VA 24112
      View Details
    • Contact for pricing
      288,254 SF

      Martinsville Retail Center Investment

      Grocery-anchored power center, high traffic.
      240 Commonwealth Blvd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      213,869 SF

      Patrick Henry Mall Office Suites

      Martinsville, VA Executive Office Space Available
      730 Church St, Martinsville, VA 24112
      View Details
    • $13 SF/Yr
      13,569 SF

      Martinsville Retail Space for Lease

      13,569 SF Former Pharmacy, High Traffic
      2707 Greensboro Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      71,860 SF

      Southern Virginia Industrial Portfolio

      Multi-tenant warehouse, flex space available
      900 V C Dr, Martinsville, VA 24112
      View Details
    • Contact for pricing
      77,000 SF

      Cloverleaf Shopping Center Investment

      Martinsville, VA retail center opportunity
      2370 Greensboro Rd, Martinsville, VA 24112
      View Details
    • $3 SF/Yr
      9,400 SF

      Martinsville Warehouse: 9,400 SF

      Industrial space; multiple suites available.
      90 Tensbury Dr, Martinsville, VA 24112
      View Details
    • $12 SF/Yr
      11,475 SF

      Martinsville Retail Space: 6,075 SF

      Prime retail space in thriving Martinsville, VA.
      2801 Greensboro Rd, Martinsville, VA 24112
      View Details

    FAQs

    What type of property is this?
    Farm - Versatile land, ideal for multiple uses.
    Where is this farm located?
    The property is located at 285 Club House Rd Martinsville, VA.
    What are key features of this property?
    This property features: 40-acre commercial, residential, and agricultural zoned land parcel in Martinsville, VA.; Ample space for diverse development projects.; No existing structures; a blank canvas for development.
    (276) 632-5325 Call to check price and availability
    Request Owner's contact information
    285 Club House Rd Martinsville, VA 24112
    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.
    285 Club House Rd
    Martinsville, VA 24112
    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
    285 Club House Rd Martinsville, VA 24112
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Will Vaughn
    Will Vaughn
    Real Estate License ID: 0225233601
    (276) 632-5325
    Learn more
    Google sign-in failed. Please try again or use another login method.