Financial
Distress signals
Property profile

8 Lester St Martinsville, VA 24112

FOR SALE
Banks
Property ID
US87-2855774
13,216 SF 0.55 ac lot Built 1965
Last sale Aug 2022 · $320,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This former banking facility in the UpTown area of Martinsville, Virginia contains more than 13,000 square feet of commercial space distributed across two levels. The main level features wide open areas and large offices, while the upper level includes multiple offices along with conference rooms. The building is configured to support potential renovations for a range of uses, including retail, office, or a mixed-use setup that could place retail or office space on the main level and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$431k
Assessed land$62k
Assessed improvement$369k
Effective rate0.99%

Value estimate

· Sep 2026
$330k
$297k – $363k
AI approach$340k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-UB
C-UB Uptown Business District (formerly C-2) C-C Corridor Commercial District (formerly C-3) ED-MA Economic Development Medical Campus Di...
General categoryCOMMERCIAL
JurisdictionMARTINSVILLE CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.4
Storage Facility11.2
Kitchen & Bath11.1

Location

8 Lester St Martinsville, VA 24112
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18 Walnut, Martinsville, VA 24112-2727 $200,000 Jan 2026 8,688 SF
16 Church, Martinsville, VA 24112-6208 $465,000 Apr 2024 10,800 SF
20 Brg S, Martinsville, VA 24112-6202 $140,000 Dec 2023 3,968 SF
157 Market, Martinsville, VA 24112-3710 $625,000 Nov 2022 4,812 SF
105 Commonwealth W, Martinsville, VA 24112-1806 $4,790,000 May 2022 14,409 SF
511 Church, Martinsville, VA 24112-2510 $15,000 Apr 2019 2,912 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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