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    7021 Wolftown-Hood Rd Madison, VA 22727

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    For Lease
    Contact for pricing

    Prime Virginia industrial space, available Q1 2025.

    Lot size:
    385,000 SF

    Property Features for 7021 Wolftown-Hood Rd

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    385,000 SF
    Class
    B
    Total Rate
    216562.5

    Building Details

    Year Built/Renovated
    1995/2015
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 7021 Wolftown-Hood Rd, Madison, VA 22727 Contact us
    Unit

    $6 /Mo

    Size
    385,000 SF
    Contact us

    We can help!

    Listing Contact
    Leigh Hughes
    Leigh Hughes

    Listing Agency: Colliers | Charlottesville Listing Agent: Leigh Hughes

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

    Learn more

    Overview

    This exceptional 385,000-square-foot Class B warehouse, situated on 39.55 acres in Madison County, Virginia, presents a unique investment opportunity. Originally constructed in 1995 and significantly renovated in 2015, the property boasts a two-story design with 28-32' ceiling heights, catering to diverse industrial needs. The warehouse features 18 dock-high doors and 3 drive-in doors, ensuring efficient shipping and distribution. Ample parking is provided with 350 spaces. The building's power supply is robust, featuring 3-phase 480V, 2000 Amps. The property is zoned M-1 and offers significant pylon signage potential. The 2015 renovation included an addition of 60,000 square feet of warehouse space and a new lobby. The existing office space (60,000 SF) comprises private offices, a call center/cubicle area, large conference rooms, and a fantastic lobby/reception area. A cafeteria-style break area is also included. A conveyor belt system is in place. This property is strategically located on Route 29N, between Charlottesville and Gainesville, VA, offering easy access to major transportation routes. The property will be available in the first quarter of 2025, with a lease rate of $6.75 per square foot, NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Madison
    County
    Madison
    State
    Virginia
    Longitude
    -78.2897901
    Latitude
    38.3504944

    Nearby Similar for Lease

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      150,000 SF

      Industrial Space on Route 29N

      Large industrial space with office, warehouse, and distribution features.
      7021 Wolftown Hood Rd, Madison, VA 22727
      View Details

    FAQs

    What type of property is this?
    Distribution center - Prime Virginia industrial space, available Q1 2025.
    Where is this distribution center located?
    The property is located at 7021 Wolftown-Hood Rd Madison, VA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 385,000 SF Class B warehouse on 39.55 acres in Madison County, VA.; 60,000 SF of office space.; 39.55-acre site.
    (434) 284-4007 Call to check price and availability
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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.

    More about this property
    7021 Wolftown-Hood Rd Madison, VA 22727
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Leigh Hughes
    Leigh Hughes
    Real Estate License ID: 225092147
    (434) 284-4007 (434) 882-1155 (434) 974-7377
    Learn more
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