Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    00 Franklin Tpke Danville, VA 24540

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three-building lot, vacant, B2 zoning.

    Property Features for 00 Franklin Tpke

    General Information

    Property type
    Land
    Lot Size
    33,106 SF

    Building Details

    Buildings
    3

    We can help!

    Listing Contact
    Chuck Eskey

    Listing Agency: Eskey and Associates Realty Listing Agent: Chuck Eskey

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

    Learn more

    Overview

    This prime commercial land parcel, located in Danville, Virginia's Mount Hermon area, presents a unique investment opportunity. The 0.76-acre lot is zoned B2, offering a wide range of potential commercial uses. The property consists of three existing buildings, currently vacant, providing flexibility for redevelopment or repurposing. Its strategic location on Franklin Turnpike ensures high visibility and accessibility. This listing presents a compelling opportunity for developers or investors seeking a foothold in a thriving commercial area. The asking price is $259,900. Note that two adjoining properties are also available for purchase, offering the potential for a larger acquisition. The property's address is 00 Franklin Turnpike, Danville, VA 24540, within Pittsylvania County. The property is currently vacant, allowing for immediate development or lease. The B2 zoning designation opens doors to a variety of commercial ventures. This is a rare chance to acquire a well-situated commercial land parcel in a growing market. Serious inquiries are encouraged.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.384402
    Latitude
    36.6241205

    Nearby Similar for Sale

    • Contact for pricing
      15,000 SF

      Danville Office Space For Sale

      Office space for sale with flexible leasing options and utilities included.
      103 Tower Dr, Danville, VA 24540
      View Details
    • Contact for pricing
      2,652 SF

      Remodeled Office Space For Sale

      Remodeled office space in a perfect location, ready to move in.
      105 Vicar Pl, Danville, VA 24540
      View Details
    • $2,400,000
      44,000 SF

      44,000 SF Industrial Building on 21+ Acres

      44,000 SF industrial building on over 20 acres near US-29.
      239 Mayfield Rd, Danville, VA 24541
      View Details
    • $695,000
      14,810 SF

      Historic Warehouse Conversion Opportunity

      Historic warehouse with condo/commercial conversion potential near Dan River Falls.
      335 Floyd St, Danville, VA 24541
      View Details
    • Contact for pricing
      15,341 SF

      Versatile Building in Central Danville

      Versatile building with fenced lot, convenient to downtown.
      408 N Main St, Danville, VA 24540
      View Details
    • Contact for pricing
      54,605 SF

      Danville Retail Space For Sale

      Retail property with high visibility near Caesars Virginia casino resort.
      1340 W Main St, Danville, VA 24541
      View Details
    • Contact for pricing

      Apartment Buildings Portfolio For Sale

      Portfolio of 7 apartment buildings with 80 units.
      138 Wesley Dr, Danville, VA 24540
      View Details
    • Contact for pricing

      Danville Duplex Investment Opportunity

      Charming duplex near downtown Danville, perfect for investors.
      1440 Main St, Danville, VA 24540
      View Details
    • Contact for pricing

      Freestanding Retail Building For Sale

      8,343 SF building on 2.36 AC, high-traffic location.
      3943 Franklin Tpke, Danville, VA 24540
      View Details
    • Contact for pricing
      2,584 SF

      Retail Property on Piney Forest

      Retail property with drive-thru lanes and ample parking.
      1296 Piney Forest Rd, Danville, VA 24540
      View Details
    • Contact for pricing
      1,200 SF

      Three Bedroom Investment Opportunity

      Three-bedroom, two-bath property suitable for investors or first-time buyers.
      713 Springfield Rd, Danville, VA 24540
      View Details
    • Contact for pricing
      50,652 SF

      Danville Flex Space For Sale

      50,652 SF flex space on 9.76 acres available.
      119 Cane Creek Blvd, Danville, VA 24540
      View Details

    FAQs

    What type of property is this?
    Land - Three-building lot, vacant, B2 zoning.
    Where is this land located?
    The property is located at 00 Franklin Tpke Danville, VA.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: $259,900 asking price.; Vacant commercial land.; Three buildings permitted.
    (434) 250-9800 Call to check price and availability
    Request Owner's contact information
    00 Franklin Tpke Danville, VA 24540
    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.
    00 Franklin Tpke
    Danville, VA 24540
    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
    00 Franklin Tpke Danville, VA 24540
    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
    Chuck Eskey
    Real Estate License ID: 0225034214
    (434) 250-9800 (434) 797-4663
    Learn more
    Google sign-in failed. Please try again or use another login method.