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Property profile & analytics
OFF-MARKET
Office Spaces

978 Regional Park Rd Lebanon, VA 24266

54,683 SF 14.68 ac lot Built 2003
Property ID
Property summary
AI-generated overview

This exceptional 54,683 square foot, two-story building, formerly occupied by AT&T, presents a prime business opportunity in Lebanon, VA. Situated on a 14.683-acre lot, this Class B property boasts 442 paved parking spaces and a 12-foot ceiling height throughout. Built in 2003, the building features a steel frame construction with a concrete slab foundation and a mechanical attic. The versatile M-1 zoning permits a wide range of uses, including retail, office, institutional, recreational, lodging, utility, and industrial. Recent improvements include a full roof replacement (within the last 5-7 years) featuring a pitched/standing seam metal roof. The interior features acoustical ceiling tiles, painted drywall, and a combination of suspended LED and canned incandescent lighting. Amenities include two sets of men's and women's restrooms (one with lockers and showers), a large cafeteria with kitchen, a fitness center, lounge, break rooms, and a reception area. The HVAC system comprises gas-fired rooftop heat package units, electric ground-mounted heat pumps, and a chiller system with two exterior units and four interior air handlers. A full building coverage wet sprinkler system ensures fire safety. Exterior features include concrete curbing, gutters, a dumpster pad, walkways, metal fencing, a metal storage building, and landscaping. A separate structure houses a full-building generator with a 7,300-gallon fuel tank. The property also includes multiple conference rooms, storage rooms, three large open bullpen office areas, and four large training rooms. A 12' x 14' dock-high loading door provides convenient access. A stormwater management pond is located along the road frontage. The building is being sold "as is". This is an unparalleled opportunity to acquire a substantial, well-maintained property in a desirable location.

Property profile
Verified
Property type Office Spaces
Year built 2003
Total area 54,683 SF
Lot 14.68 ac (639,591 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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