ValleyStar Credit Union For
3240 Franklin Turnpike Danville, VA 24540
For Sale
Contact for pricing
Bank building in high traffic, high visibility area.
Property Size5,164 SF
Price / SF$271.11
Days on Market1515
Property Features for 3240 Franklin Turnpike
General Information
Standard status
Active
Size
5,164 SF
Property subtype
Office
Listing Agency:
Wilkins & Co Realtors
(434) 797-4007
Listed By:
John Laramore · License #VA
Source:
Crexi
Added: Jun 7, 2022
Changed: Jul 6
Last Checked: Jul 29 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wilkins & Co Realtors
Investment Insights
Based on property information with market context.
The property at 3240 Franklin Turnpike is a bank building constructed in 2014. The building is well maintained and includes a teller area, offices, a break room/conference room, and two restrooms. It also features a three-lane drive-through with a canopy. The property is located in a high traffic, high visibility area. The building's size is 5164 square feet.
Key Highlights
- High traffic, high visibility location on Franklin Tpke (Rt‑41)
- Well‑maintained building constructed in 2014
- Three‑lane drive‑through with canopy
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.4k | $15.96 |
| − Vacancy | −$6.8k | −$1.31 |
| EGI | $75.7k | $14.65 |
| − OpEx | −$18.9k | −$3.66 |
| NOI | $56.7k | $10.99 |
5,164 SF · lease $15.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$810.6K
$709.3K – $945.7K
NOI $56,744 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$501.7K
$439.0K – $585.3K
NOI $35,119 @ 7.0% cap · market cap 2.51%
Theoretical Best
Warehouse
$3.03M
$2.65M – $3.54M
NOI $212,178 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Bank building in high traffic, high visibility area.
Where is this bank located?
The property is located at 3240 Franklin Turnpike Danville, VA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: High traffic, high visibility location on Franklin Tpke (Rt‑41); Well‑maintained building constructed in 2014; **Three‑lane drive‑through with canopy**
