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    7021 Wolftown-Hood Rd Madison, VA 22727

    For Lease
    $6 SF/Yr

    Prime Virginia industrial space, available Q1 2025.

    Lot size:
    385,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 7021 Wolftown-Hood Rd

    General Information

    Property type
    Distribution properties
    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

    Unit(s) available at that property

    Space
    Size
    385,000 SF
    Rate per SF
    $6

    HighLights

    • 385,000 SF Class B warehouse on 39.55 acres in Madison County, VA.
    • 60,000 SF of office space.
    • 39.55‑acre site.
    • M‑1 zoning.
    • 28‑32' ceiling heights.
    • 3‑phase, 480V, 2000‑amp power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Madison
    County
    Madison
    State
    Virginia
    Longitude
    -78.2897901
    Latitude
    38.3504944

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    Nearby Similar for Lease

    • $6 SF/Yr
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      Industrial Space on Route 29N

      Large industrial space with office, warehouse, and distribution features.
      7021 Wolftown Hood Rd, Madison, VA 22727
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      Retail Space in Madison Plaza

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    FAQs

    What type of property is this?
    Distribution property - Prime Virginia industrial space, available Q1 2025.
    Where is this distribution property 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.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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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