0 Rich Acres School Rd Martinsville, VA 24112
This exceptional 34-acre commercial land parcel presents a unique investment opportunity in Martinsville, Virginia. Located on Rich Acres School Road, this property boasts a highly desirable location directly across from Rich Acres Elementary School in Henry County, zip code 24112. The land was clear-cut in 2010, presenting a clean slate for future development. Its expansive size offers significant potential for various commercial ventures, particularly given its proximity to the elementary school and its established residential neighborhood. The property's strategic location provides excellent visibility and accessibility, making it an attractive site for businesses seeking high foot traffic and convenient access for customers and employees. Detailed site surveys and environmental assessments are recommended to fully explore the development possibilities. This is a rare opportunity to acquire a substantial tract of land in a growing area with strong potential for residential development. The property's location offers a compelling combination of convenience and visibility, making it an ideal investment for developers seeking a prime location for a new project. Serious inquiries are encouraged to explore the full potential of this exceptional property. Coordinates are 36.6377701 latitude and -79.8743841 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.