Listing Agency: Coldwell Banker Commercial Read & Company Show Phone

Listed By: Ricky Read · License #0226023041 Show Phone

Source: Exprealty

Added: Dec 15, 2025 Changed: Oct 8 Last Checked: Oct 15 at 4:05AM

Report an Issue

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 Coldwell Banker Commercial Read & Company

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This newly constructed warehouse comprises a 45,000-square-foot steel building in Seneca Industrial Park. The facility offers 30-foot clearance, truck access, and ample parking, with build-out options available to suit operational requirements.

The property is positioned just off US-29 near Rustburg, Virginia, and is a few miles from Lynchburg. Its location provides access to surrounding localities while maintaining an industrial park setting.

Key Highlights

• 45,000‑square‑foot newly constructed steel warehouse
• 30‑foot clearance supports warehouse operations
• Located in Seneca Industrial Park

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$327,038

Cap Rate

3.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,540,760 $6.5M

Cap Rate 7%

$4,671,971 $4.7M

Cap Rate 9%

$3,633,756 $3.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 45,000 SF

Gross rent

$405.0K $9.00/SF

− Vacancy

−$20.3K −$0.45/SF

EGI

$384.8K $8.55/SF

− OpEx

−$57.7K −$1.28/SF

NOI

$327.0K $7.27/SF

Area

Campbell County, VA

Vacancy

5.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,540,760

Cap Rate 7%

$4,671,971

Cap Rate 9%

$3,633,756

Alternative Uses

Best Use

Warehouse

$4.67M

$4.09M – $5.45M (±1% cap)

NOI $327,038 @ 7.0% cap · market cap 3.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$13.59M

$11.90M – $15.86M (±1% cap)

NOI $951,614 @ 7.0% cap · market cap 9.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Parking Lot & Garage Bakery Big Box & Wholesale Store Building Supply Discount Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

37

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 24588, VA

9,196

Population

4,049

Households

2.3

Avg Household Size

44

Median Age

25%

College-Educated

92%

High-School Grad

72.1 sq mi

ZIP Area

128

Density / Sq Mi

$68,869

Median Household Income

$40,174

Median Earnings

$688

Median Rent

$204,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - The steel building can be built out to suit operational requirements.

Where is this warehouse located?

The property is located at 9999 Ewing Dr Rustburg, VA.

What is the asking price?

The asking price for this property is $9,999,999.

What are key features of this property?

This property features: 45,000‑square‑foot newly constructed steel warehouse; 30‑foot clearance supports warehouse operations; Located in Seneca Industrial Park