Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1076 Corporate Park Dr Forest, VA 24551-2268

    • Commercial real estate
    • 10,000 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1366648
    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

    • Dusty Ducts Inc / Air Duct Cleaning Service
    • Valor Auto Sales / Used Car Dealer
    • Spectrum Stone Designs Forest Showroom / Countertop Contractor
    • Locomotion Orthotics / Foot Care
    • Power & Grace Physical Therapy / Physical Therapy Clinic

    Property Details for 1076 Corporate Park Dr

    Year built
    1997
    Lot size
    1.80 lot acres
    Property size
    10,000 SF
    Property type
    Commercial real estate
    APN
    116 5 9
    APU
    11659

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $932,000
      Market price range: $932k - $3.09M
      AI Estimate
      $1,018,000
      Market price range: $1.02M - $2.74M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Forest
    County
    Bedford
    State
    Virginia
    Longitude
    -79.3005
    Latitude
    37.3723
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    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
    $2,925
    $0.00
    $0.00
    $356,700
    -
    $265,700
    $447,700
    $713,400

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      Frst Rd

      COMMERCIAL (GENERAL) • 1.40 Acres
      Frst Rd, Forest, VA 24551
      View Details
    • Value Estimation by Request
      2.51 Acres

      5169 Waterlick Rd

      COMMERCIAL (GENERAL) • 2.51 Acres
      5169 Waterlick Rd, Forest, VA 24551-3942
      View Details
    • Value Estimation
      $525,000
      5,000 SF

      1221 Venture Dr

      COMMERCIAL (GENERAL) • 5,000 SF
      1221 Venture Dr, Forest, VA 24551-2271
      View Details
    • Value Estimation
      $6,765,000
      69,375 SF

      135 Vis Ctr Dr

      COMMERCIAL (GENERAL) • 69,375 SF
      135 Vis Ctr Dr, Forest, VA 24551-3964
      View Details
    • Value Estimation by Request
      1,440 SF

      3593 Waterlick Rd

      COMMERCIAL (GENERAL) • 1,440 SF
      3593 Waterlick Rd, Forest, VA 24551-3776
      View Details
    • Value Estimation by Request
      1,632 SF

      104 Annjo Ct

      COMMERCIAL (GENERAL) • 1,632 SF
      104 Annjo Ct, Forest, VA 24551-2734
      View Details

    Similar Nearby for Sale

    • $450,000
      1.44 Acres

      Prime Forest, VA Commercial Land

      1.44 Acres, High-Demand Location
      14580 Forest Rd, Forest, VA 24551
      View Details
    • $210,000
      1,064 SF

      Bedford Commercial Property w/ Home

      1.15 Acres, High Visibility, Development Potential
      1053 Bridger Ln, Bedford, VA 24551
      View Details
    • $803,500
      1 SF

      Forest Commercial Property: Railroad Diner Potential

      Unique 2.3-acre commercial lot, partially built.
      3714 Waterlick Rd, Forest, VA 24551
      View Details
    • $595,000
      5.11 Acres

      Forest Road Commercial Land

      5.11 Acres, Prime Location, Ready to Build
      0 Forest Rd, Forest, VA 24551
      View Details
    • $395,000
      9,999 SF

      Forest Road Commercial Land Opportunity

      High-visibility commercial lot, US 221 frontage.
      17513 Forest Rd, Forest, VA 24551
      View Details
    • $699,900
      2.31 Acres

      2.3 AC Commercial Property

      Unique commercial property with potential for various business opportunities.
      3714 Waterlick Rd, Forest, VA 24551
      View Details

    Similar Nearby for Lease

    • $1,200,000
      1,830 SF

      Retail Cottage in Prime Location

      1,830 SF retail cottage in growing Forest, VA.
      1129 Thomas Jefferson Rd, Forest, VA 24551
      View Details
    • $20 SF/Yr
      1,750 SF

      Forest Office Suite For Rent

      1,750 SF office suite in a convenient Forest location.
      300 Enterprise Dr, Forest, VA 24551
      View Details
    • $16 SF/Yr
      1,800 SF

      1,800 SF Office Space For Lease

      1,800 SF Office Space For Lease
      300 Gristmill Drive, Forest, VA 24551
      View Details
    • $16 SF/Yr
      2,400 SF

      Retail Space in Forest, Virginia

      Retail spaces available in Food Lion anchored shopping center.
      18013 Forest Rd, Forest, VA 24551
      View Details
    • $18 SF/Yr

      Forest, VA Office Space for Lease

      Modern Office Suites, Full-Service Lease
      110 Vista Centre Dr, Forest, VA 24551
      View Details
    • $18 SF/Yr
      4,315 SF

      Vista Centre Drive Office Suites

      Prime Office Space, Flexible Sizes
      110 Vista Centre Dr, Forest, VA 24551
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1076 Corporate Park Dr
    Forest, VA 24551-2268
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.