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978 Regional Park Rd Lebanon, VA 24266

  • Commercial real estate
  • 54,683 SF
  • 14.68 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details for 978 Regional Park Rd

Year built
2003
Lot size
14.68 lot acres
Property size
54,683 SF
Property type
Commercial real estate

Description

This exceptional commercial property, located at 978 Regional Park Road in Lebanon, Virginia, offers a substantial 54,683 square feet of versatile space situated on a 14.68-acre lot. Built in 2003, this single-story steel-framed building features a concrete slab foundation and a mechanical attic. The property boasts a large parking lot with 442 newly sealed and marked paved spaces. The roof, a pitched/standing seam metal design, was fully replaced within the last 5-7 years. Interior features include acoustical ceiling tiles, painted drywall, and a combination of suspended LED and canned incandescent lighting. Ample restroom facilities are available, including two sets of men's and women's restrooms, one of which includes lockers and showers. The HVAC system comprises gas-fired rooftop heat package units, electric ground-mounted heat pumps, and a chiller system with two exterior units (104 and 170 ton) and four interior air handlers. A comprehensive wet sprinkler system provides full building coverage. Exterior improvements include concrete curbing, gutters, a dumpster pad, walkways, metal fencing, a metal storage building, and landscaping. The property also includes a large cafeteria with a kitchen, a fitness center, a lounge, break rooms, and a reception area. A 12' x 14' dock-high loading door facilitates efficient material handling. A stormwater management pond is situated along the road frontage. A separate structure houses a full-building generator with a 7,300-gallon fuel tank, ensuring reliable power. The interior layout includes multiple conference rooms, storage rooms, three large open bullpen office areas, and four large training rooms. High ceilings, measuring 12 feet throughout, contribute to a spacious and comfortable environment. Permitted uses are diverse and include, but are not limited to, retail, office, institutional, recreational, lodging, utility, and industrial applications.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use


Location Insight

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  • Local Demand
City
Lebanon
County
Russell
State
Virginia
Longitude
-82.0458
Latitude
36.8992
More about this property
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