Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    182 Johns Manville Dr Edinburg, VA 22824
    Back to Search
    Property profile & analytics

    182 Johns Manville Dr, Edinburg, VA 22824

    View on Map
    • Warehouses
    • 2,000,000 SF
    • 166.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amazon Flex Depot / Warehouse & Storage
    • Andros Shipping Warehouse / Warehouse & Storage
    • Bowman Andros Foods / Corporate Office
    • Amazon Delivery Station XCV3 / Shipping Company / Freight Service

    Property Details for 182 Johns Manville Dr

    Year built
    1974
    Lot size
    166.00 lot acres
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional Edinburg, Virginia industrial property, the Shen Valle Logistics Center, offers a prime opportunity for businesses seeking warehouse or distribution space. Comprising three buildings totaling 2,000,000 square feet on 166 acres, this expansive facility provides significant flexibility. Individual suites range from a minimum of 25,000 square feet up to the full 2,000,000 square feet, allowing for customization to meet diverse operational needs. Currently, 2,050,000 square feet is available for lease. Built in 1974 and extensively renovated in 2014 ($3 million in improvements), the property boasts impressive features including a 32-foot ceiling height (with areas at 25' x 32'), 50' x 50' column spacing, and ample parking (174 spaces). On-site infrastructure is robust, featuring a spring-fed well with a 300,000-gallon-per-day capacity, a 1-2,500 KVA transformer, and connection to public sewer. Utilities include a 12-inch gas line at 15 PSI (Washington Gas). The property also benefits from rail access. Build-to-suit options are available for up to 2,000,000 square feet. Located at 182 Johns Manville Dr, Edinburg, VA 22824, this property presents a compelling investment opportunity in Shenandoah County. Site A currently offers space for lease at $6.00 PSF, NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Shenandoah
    State
    Virginia
    Longitude
    -78.5428
    Latitude
    38.8428

    Comparable in this City

    • Value Estimation by Request
      27,444 SF

      214 Main St

      WAREHOUSE, STORAGE
      214 Main St, Edinburg, VA 22824-9323
      View Details
    • Value Estimation by Request
      2,224 SF

      101 Town Hall Ave

      WAREHOUSE, STORAGE
      101 Town Hall Ave, Edinburg, VA 22824
      View Details
    • Value Estimation by Request
      0.68 Acres

      18480 Old Vly Pike

      VACANT COMMERCIAL LAND
      18480 Old Vly Pike, Edinburg, VA 22824-2868
      View Details
    • Value Estimation by Request
      1.50 Acres

      Edinburg, VA 22824

      VACANT COMMERCIAL LAND
      Edinburg, VA 22824
      View Details
    • Value Estimation by Request
      0.63 Acres

      Edinburg, VA 22824

      VACANT COMMERCIAL LAND
      Edinburg, VA 22824
      View Details
    • Value Estimation by Request
      0.42 Acres

      Old Vly Pike

      VACANT COMMERCIAL LAND
      Old Vly Pike, Edinburg, VA 22824
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse Distribution Space For Sale

      Two-level warehouse/distribution space with convenient interstate access.
      16409 Old Valley Pike, Edinburg, VA 22824
      View Details
    • $950,000

      Cold Storage Facility Near Route-81

      13,800 SF cold storage facility on 3 acres.
      757 Barbershop Rd, Edinburg, VA 22824
      View Details
    • $1,000,000
      28,850 SF

      Edinburg Industrial Warehouse - $1M

      Spacious warehouse, prime location, easy access.
      16409 Old Valley Pike, Edinburg, VA 22824
      View Details
    • $49,000

      Wooded Land Parcel with Cabin

      3.25-acre wooded parcel with cabin in Shenandoah County.
      3 Three Mile Bank Ln, Edinburg, VA 22824
      View Details
    • New
      $225,000
      13.20 Acres

      13.2 Acres in Shenandoah County

      Land with mountain views, near town amenities.
      Ridge Hollow Rd, Edinburg, VA 22824
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Edinburg Warehouse and Manufacturing Space

      9,800 SF warehouse/manufacturing space in Edinburg, Virginia for lease.
      19854 Senedo Rd, Edinburg, VA 22824
      View Details
    • Contact for pricing

      Industrial Land with Rail Access

      Industrial land available for lease with build-to-suit options.
      182 Johns Manville Dr, Edinburg, VA 22824
      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.
    182 Johns Manville Dr
    Edinburg, VA 22824
    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

    Thank You for Inquiry
    182 Johns Manville Dr, Edinburg, VA, 22824
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!