Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd Franklin Tnpk Dry Fork, VA 24540

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Tbd Franklin Tnpk Dry Fork, VA 24540

    View on Map
    • Land
    • 1.92 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Franklin Tnpk

    Lot size
    1.92 lot acres
    Property type
    Land

    Description

    This exceptional 1.92-acre commercial land parcel presents a remarkable investment opportunity in Danville, Virginia. Strategically located on TBD Franklin Turnpike, this property boasts a highly desirable corner lot position directly across from the Shadowwood Mart, ensuring excellent visibility and accessibility for any commercial venture. Its proximity to Route 29 provides convenient access to major transportation arteries, enhancing its appeal to a wide range of businesses. The land is zoned for commercial use (specific zoning details available upon request) and offers significant potential for development. The asking price is $395,000. Given its prime location, high visibility, and convenient access to Route 29 and the Shadowwood Mart, this property represents a rare chance to acquire a valuable piece of commercial real estate in a growing area. The lot size is ideal for a variety of commercial uses, from retail establishments to office spaces, and its corner location maximizes exposure to potential customers. Detailed site plans and surveys are available upon request. Don't miss this opportunity to secure a prominent location in a thriving commercial area. The property is situated in Danville city, Virginia, with a zip code of 24540. Further information regarding utilities and potential development restrictions can be provided upon request. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dry Fork
    County
    Danville city
    State
    Virginia
    Longitude
    -79.476
    Latitude
    36.714

    Comparable in this City

    • Value Estimation by Request
      63.00 Acres

      Deer Run Rd

      Motels • 63.00 Acres
      0 Deer Run Rd, Danville, VA 24540
      View Details
    • Value Estimation by Request
      0.76 Acres

      00 Franklin Tpke

      Land • 0.76 Acres
      00 Franklin Tpke, Danville, VA 24540
      View Details
    • Value Estimation
      $26,950,000
      312,528 SF

      360 Ringgold Industrial Pkwy

      COMMERCIAL (GENERAL) • 312,528 SF
      360 Ringgold Industrial Pkwy, Danville, VA 24540-5548
      View Details
    • Value Estimation
      $4,065,000
      40,000 SF

      2725 Franklin Tpke

      COMMERCIAL (GENERAL) • 40,000 SF
      2725 Franklin Tpke, Danville, VA 24540-5378
      View Details
    • Value Estimation by Request
      0.25 Acres

      Piney Frst Rd

      VACANT COMMERCIAL LAND • 0.25 Acres
      Piney Frst Rd, Danville, VA 24540
      View Details
    • Value Estimation by Request
      0.16 Acres

      Piney Frst Rd

      VACANT COMMERCIAL LAND • 0.16 Acres
      Piney Frst Rd, Danville, VA 24540
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.73 Acres

      Danville Building Lot For Sale

      Excellent 0.73 acre building lot in a great location.
      000 Afton Rd, Danville, VA 24540
      View Details
    • $999,000
      4.50 Acres

      Commercial Land Near Casino

      Commercial land with road frontage, convenient to the Casino.
      533 Piney Forest Rd, Danville, VA 24540
      View Details
    • Contact for pricing
      0.69 Acres

      Vacant Lot in Danville, VA

      Vacant lot ready for your dream home.
      17 Golf Club Rd, Danville, VA 24540
      View Details
    • $79,900
      1.48 Acres

      Danville Land For Multi-Family Development

      1.48 acre lot suitable for multi-family development in Danville.
      00 Audubon Dr, Danville, VA 24540
      View Details
    • Contact for pricing

      Corner Lot Near Shadowwood Mart

      Commercial land for sale, close to Rt. 29.
      Tbd Franklin Tnpk, Danville, VA 24540
      View Details
    • Contact for pricing
      0.33 Acres

      Buildable Lot in Orchard Acres

      0.33 acre buildable lot in Spotsylvania County, VA.
      Peachtree St, Danville, VA 24540
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,602 SF

      Former Golden Corral Available

      10,602 SF restaurant space for lease in Danville, VA.
      195 Holt Garrison Pkwy, Danville, VA 24540
      View Details
    • Contact for pricing

      Retail Space in Nordan Center

      Retail space for lease anchored by Walmart Neighborhood Market.
      211 Nor Dan Dr, Danville, VA 24540
      View Details
    • Contact for pricing
      14,550 SF

      Retail Property in Danville, VA

      14,550 SF retail property with drive-thru and ample parking.
      1500 Piney Forest Rd, Danville, VA 24540
      View Details
    • Contact for pricing
      7,200 SF

      Retail Space in Tuscarora Village

      Retail space available in a busy shopping center.
      4044 Franklin Tpke, Danville, VA 24540
      View Details
    • Contact for pricing

      145 Holt Garrison Pkwy, Danville, VA 24540

      Shopping centers
      145 Holt Garrison Pkwy, Danville, VA 24540
      View Details
    • Contact for pricing
      4,750 SF

      Piedmont Mall Pad Building Available

      Pad building at Piedmont Mall with excellent visibility for rent.
      133 Enterprise Dr, Danville, VA 24540
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tbd Franklin Tnpk
    Dry Fork, VA 24540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!