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    Rich Acres School Rd Martinsville, VA 24112

    For Lease
    Contact for pricing

    Prime commercial/residential land, 34 acres.

    Lot size:
    1,481,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 34-acre tract of land presents a unique investment opportunity in Martinsville, Virginia. Located on Rich Acres School Road, this property boasts a highly desirable A1 zoning classification, opening doors to a variety of commercial and residential development possibilities. The land was clear-cut in 2010, providing a clean slate for future construction. Its strategic location directly across from Rich Acres Elementary School offers significant advantages, including proximity to a thriving community and established infrastructure. The expansive lot size offers ample space for a large-scale project, catering to diverse development needs. With its versatile zoning and prime location, this property is well-suited for a range of projects, from residential subdivisions to commercial ventures. The single-tenant status simplifies development planning and execution. The property's address is Rich Acres School Rd, Martinsville, VA 24112. Serious inquiries are encouraged to explore the full potential of this exceptional land parcel. Detailed site plans and zoning information are readily available upon request. This is an unparalleled opportunity to acquire a significant land holding in a growing area.

    Property Features for 0 Rich Acres School Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,481,040 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,481,040 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.873292462081
    Latitude
    36.639364496269

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    FAQs

    What type of property is this?
    Land - Prime commercial/residential land, 34 acres.
    Where is this land located?
    The property is located at Rich Acres School Rd Martinsville, VA.
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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
    Rich Acres School Rd Martinsville, VA 24112
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