Property profile

1160 Daniel Rd Axton, VA 24054

FOR LEASE
Commercial real estate
Property ID
US87-2249853
5.58 ac lot Built 1974
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 78,000-square-foot industrial property, located at 1160 Daniel Road in Axton, Virginia (zip code 24054), presents a significant opportunity for businesses seeking manufacturing or warehouse space. Situated on a generous 6.72-acre lot, this single-story Class C building offers ample room for operations. Constructed in 1970 and renovated in 1990, the property boasts a 13-foot ceiling height, providing excellent vertical storage capacity. The building features six dock-high doors and two drive-in doors for efficient loading and unloading. Power is supplied by a robust 3-phase, 2,200 amp, 240V, 4-wire system. The property is zoned for industrial use and is conveniently located between Danville and Martinsville, Virginia, offering easy access to major transportation routes. The entire 78,000 square feet is currently vacant and available for lease. The property's APN is #021480000. This is a single-tenant building with no elevators. This property is ideal for a variety of industrial uses, offering a substantial footprint and excellent access. The entire space is available for lease, making it perfect for a single large tenant or potentially subdividable for multiple occupants. Inquire today to learn more about this prime industrial real estate opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1974
Lot 5.58 ac (243,108 SF)
Zoning code I1
APN 21480000
UPID US87-2249853

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store

Location

1160 Daniel Rd Axton, VA 24054
Axton metro Census 10500 MARTINSVILLE, VA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2020
Last sale
$300,000
1 recorded transaction
2020
$300,000

Zoning & alternative use

I1 · Axton, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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