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Property profile & analytics
FOR LEASE
Retail space

119 Cane Creek Blvd Danville, VA 24540

50,652 SF 9.77 ac lot Built 2004
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US87-1582316
Property summary
AI-generated overview

This exceptional commercial property, located at 119 Cane Creek Blvd in Danville, Virginia, 24540, presents a significant investment opportunity. The building encompasses approximately 50,652 square feet of rentable space, situated on a generous 9.76-acre lot. Currently vacant, this traditional office building offers immense potential for a variety of uses. Its previous use as a call center suggests a layout well-suited for large-scale operations requiring substantial space. The property boasts ample parking with approximately 450 spaces, ensuring convenient access for employees and clients. The zoning designation is LED-I, and there's potential for industrial use, subject to applicable regulations and approvals. The asking price is $3,500,000, translating to a price per square foot of $69.17. The property is conveniently located approximately 10 minutes from Downtown Danville, offering easy access to amenities and transportation routes. This is a rare opportunity to acquire a substantial, well-located commercial property in a growing market. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction CONCRETE
Total area 50,652 SF
Lot 9.77 ac (425,581 SF)
Zoning code LIGHT ECONOMIC DEVELOPMEN
APN 77074
UPID US87-1582316
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
AI Approach AI
by Request
CAP Approach CAP
$5.30M
Comparable Approach Comparable
$6.25M
Blend (final) Blend
$6.11M
Owner & transaction history
Pra Holdings Vii LLC · 6 yrs held
Pra Holdings Vii LLC
since 2019
1 recorded transaction
2019
$6.1M
Zoning & alternative use
LIGHT ECONOMIC DEVELOPMEN · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $6.6M +60.8%
Medical building $6.5M +58.5%
Commercial (general) $4.3M +4.5%
Try Rey
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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