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    90 Tensbury Dr Martinsville, VA 24112

    Sponsored
    For Lease
    $3 SF/Yr ($2,820 /Mo)

    Industrial space; multiple suites available.

    Lot size:
    9,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located off Greensboro Road in Henry County, Virginia's Southern Virginia submarket, offers 9,400 square feet of versatile warehouse space. The building is classified as Class B and is currently fully vacant, presenting a unique opportunity for immediate occupancy. The property features two separate suites, with a minimum divisible space of 4,400 square feet and a maximum contiguous space of 9,400 square feet, providing flexibility for various business needs. The building boasts four loading docks equipped with four dock-high doors, ensuring efficient loading and unloading operations. There are no drive-in doors and no elevators. The property is zoned B1, making it suitable for a range of industrial uses, including warehouse, distribution, and manufacturing. Its strategic location in the Southern Virginia submarket offers excellent access to major transportation routes, enhancing logistical efficiency. This is an ideal opportunity for businesses seeking a well-maintained, functional warehouse space in a prime location. The total building area is 9,400 square feet, spread across two suites. The property is ready for immediate occupancy.

    Property Features for 90 Tensbury Dr

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,400 SF
    Class
    B
    Total Rate
    2820

    Unit(s) available at that property

    Space
    4,400 sf - Warehouse Space
    Size
    4,400 SF
    Rate per SF
    $3
    Space
    5,000 sf - Warehouse Space
    Size
    5,000 SF
    Rate per SF
    $3

    HighLights

    • 9,400 SF industrial warehouse available for lease in Henry County, VA.
    • Property features two suites, each divisible to a minimum of 4,400 SF.
    • The entire 9,400 SF is currently vacant and available for lease.
    • Building includes four loading docks and four dock‑high doors.
    • The property is classified as Class B and zoned B1.
    • Located in the Southern Virginia submarket, offering convenient access to Greensboro Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    C & C Insulation ... Insulation Contractor

    Suggested Use

    Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Henry
    State
    Virginia
    Longitude
    -79.877696435602
    Latitude
    36.656603307109

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    FAQs

    What type of property is this?
    Manufacturing property - Industrial space; multiple suites available.
    Where is this manufacturing property located?
    The property is located at 90 Tensbury Dr Martinsville, VA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 9,400 SF industrial warehouse available for lease in Henry County, VA.; Property features two suites, each divisible to a minimum of 4,400 SF.; The entire 9,400 SF is currently vacant and available for lease.
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    90 Tensbury Dr Martinsville, VA 24112
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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
    90 Tensbury Dr Martinsville, VA 24112
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