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    Property profile & analytics

    3130 Halifax Rd South Boston, VA 24592

    • Office Properties & Spaces
    • 48,576 SF
    • 7.24 lot acres
    For Lease
    View listing
    Value Estimation
    $925,000
    Location Intelligence
    Property ID
    US87-2561032
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3130 Halifax Rd

    Lot size
    7.24 lot acres
    Property size
    48,576 SF
    Property type
    Office Properties & Spaces
    APN
    14226
    APU
    14226

    Description

    This exceptional South Boston, Virginia medical office building, known as Halifax Square, offers a prime opportunity for healthcare providers. Located at 3130 Halifax Road, zip code 24592, this 54,724 square foot building sits on a 7.24-acre lot and boasts ample parking with 309 spaces. The property is currently multi-tenant, with a significant amount of space available for lease. Individual suites range from a minimum of 825 square feet to a maximum contiguous space of 33,800 square feet, providing flexibility for practices of various sizes. A total of 47,911 square feet is currently vacant, presenting a unique chance to establish or expand a medical practice in a well-situated location within Halifax County. The building is zoned for both office and restaurant uses, offering potential for ancillary businesses. This property presents a rare opportunity to secure substantial, adaptable space in a thriving market. The building's location in South Boston, VA provides excellent access to a large patient base and offers convenient access to major transportation routes. Contact us today to learn more about leasing opportunities at Halifax Square.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,320,000
      6.5%
      $1,315,000
      7%
      $1,325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,150,000
      Geo Method
      $1,330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,070,000
      Retail
      $1,110,000
      Mixed-Use
      $1,180,000
      Hospitality
      $1,305,000
      Educational
      $1,335,000
      Residential Income
      $1,210,000
      Energy
      $1,300,000
      Income-Based Land
      $1,320,000
      Food Service
      $1,050,000

    Location Insight

    • Map
    • Local Demand
    City
    South Boston
    County
    Halifax
    State
    Virginia
    Longitude
    -78.92
    Latitude
    36.7308

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,760
    $838,392
    $1,513,577
    $2,351,969
    -
    $838,392
    $1,513,577
    $2,351,969

    Comparable in this City

    • Value Estimation by Request
      0.47 Acres

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    • Value Estimation by Request
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    • Value Estimation by Request

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    • Value Estimation by Request
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      Mineral St

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      Mineral St, South Boston, VA 24592
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      0.17 Acres

      Seymour Dr

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    • Value Estimation by Request
      0.60 Acres

      Houston St

      OFFICE (GENERAL) • 0.60 Acres
      Houston St, South Boston, VA 24592
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Halifax Square Medical Office Space

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      Halifax Road Land For Lease

      Land available for lease on Halifax Road in South Boston.
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      View Details
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    3130 Halifax Rd
    South Boston, VA 24592
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    Realmo Value Estimation

    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.

    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.

    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
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