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    Warehouse and Office Space Available Title is generated by Realmo AI

    Better Living Dr, Troy, VA

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    Warehouse, light industrial, office, showroom, and retail space for lease.

    Type:INDUSTRIAL
    Property size:
    12,593 SF
    Lot size:
    3.19 Acres
    Added:
    Oct 15, 2025
    Days on Market:
    232
    Last Refresh:
    May 20 at 8:56 pm

    Property Features for Better Living Dr

    General Information

    Standard status
    Active
    Size
    12,593 SF
    Lot size
    3.19 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at Better Living Dr Contact us

    We can help!

    Listing Contact
    Steve Houchens

    Listing agent Steve Houchens

    Listing office CATON PROPERTIES

    Listing date Oct 15, 2025

    Source Moodyscre

    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 CATON PROPERTIES

    HighLights

    • 9,375sf warehouse/light industrial space with 3,218sf office/showroom/retail mezzanine level.
    • Less than a mile to Exit 136 on I‑64.
    • Warehouse subdividable by 3,750sf bays.
    • Gate‑able yard space adjacent to each warehouse bay.
    • Lease office with warehouse or separately.
    • Tenant can help select office finishes if they sign lease soon!

    Overview

    Available for lease in November 2025 is a 9,375 square feet warehouse or light industrial space, accompanied by a 3,218 square feet office, showroom, and retail mezzanine level space. The property is located less than a mile from Exit 136 on I-64, just off Richmond Road/250. The warehouse space is subdividable into 3,750 square feet bays, each with adjacent gate-able yard space. The lease terms require the tenant to cover rent, Common Area Maintenance (CAM), and their own utilities. The lease rate is negotiable. The tenant has the opportunity to influence the selection of office finishes by signing the lease promptly.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    • Troy Self Storage — 21590 James Madison Hwy, Troy, VA 22974
    • Zion Crossroads Self Storage — 659 Better Living Dr, Troy, VA 22974

    Map

    City
    Troy
    County
    Fluvanna
    State
    Virginia
    Longitude
    -78.2333
    Latitude
    37.9687

    Nearby Similar for Lease

    • Contact for pricing
      6,000 SF

      Office/Industrial Space Near Zion Crossroads

      Office/industrial space for lease near Zion Crossroads and I-64.
      102 Industrial Way | Troy, VA 22974
      View Details
    • Contact for pricing
      3,000 SF

      Flex Office/Warehouse Suite

      Fully conditioned office/warehouse space with a drive-in door, small office, and ample parking for efficient operations.
      31 Conestoga Way, Unit C, Zion Crossroads/Exit 136, Troy, VA 22974
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    • $3,360/Mo
      2,880 SF

      Industrial Warehouse with Yard

      Warehouse with yard, parking, and overhead doors for lease.
      162 Industrial Way, Troy, VA
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse, light industrial, office, showroom, and retail space for lease.
    Where is this warehouse located?
    The property is located at Better Living Dr Troy, VA.
    What are key features of this property?
    This property features: 9,375sf warehouse/light industrial space with **3,218sf office/showroom/retail mezzanine level**.; Less than a mile to Exit 136 on I‑64.; Warehouse subdividable by 3,750sf bays.
    (434) 996-7819 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Houchens
    Learn More
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    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.

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