Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1231 Colonial Fort Dr Montvale, VA 24122
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1231 Colonial Fort Dr Montvale, VA 24122

    View on Map
    • Commercial real estate
    • 2,700 SF
    • 1.50 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    Montvale Industrial Building For Rent For Lease
    $10 SF/Yr
    4,000 SF

    Montvale Industrial Building For Rent

    Modern 4,000 SF industrial building with offices and warehouse.

    1231 Colonial Fort Dr, Montvale, VA
    View Listing
    Property ID
    US87-1548747
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ambassador Enterprises / General Contractor

    Property Details for 1231 Colonial Fort Dr

    Year built
    2004
    Lot size
    1.50 lot acres
    Property size
    2,700 SF
    Property type
    Commercial real estate
    APN
    87A 1 15B
    APU
    87A115B

    Description

    This exceptional 4,000-square-foot industrial flex space, situated on 1.5 acres in Montvale, VA, presents a unique investment opportunity. Built in 2004, this single-story Class B building offers a versatile layout ideal for a variety of businesses. The property features a well-appointed interior including a reception area, ten private offices, a conference room, and two bathrooms (one in the office area and one in the warehouse). A convenient kitchenette with a break area is also included. The warehouse space itself boasts a 10x10 dock high door, enhancing loading and unloading efficiency. Modern amenities such as LED lighting and an exhaust fan are in place. The property is in move-in condition and benefits from ample on-site parking. Enjoy panoramic mountain views from this strategically located property, approximately 16 miles from Downtown Roanoke, offering easy access to major transportation routes. The property is zoned Commercial/Industrial and features a single loading dock. The APN is 87A 1 15B. This turnkey operation is ready for immediate occupancy. Don't miss this chance to acquire a well-maintained, functional industrial space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Montvale
    County
    Bedford
    State
    Virginia
    Longitude
    -79.7152
    Latitude
    37.3803
    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
    $1,296
    $0.00
    $0.00
    $158,000
    -
    $60,000
    $256,000
    $316,000

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      11469 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL) • 1,296 SF
      11469 Lynchburg Salem Tpke, Montvale, VA 24122-2998
      View Details
    • Value Estimation by Request
      3,461 SF

      11775 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL) • 3,461 SF
      11775 Lynchburg Salem Tpke, Montvale, VA 24122-3014
      View Details
    • Value Estimation by Request
      6.18 Acres

      1388 Colonial Ft Dr

      COMMERCIAL (GENERAL) • 6.18 Acres
      1388 Colonial Ft Dr, Montvale, VA 24122-3016
      View Details
    • Value Estimation by Request
      5.08 Acres

      Montvale, VA 24122

      COMMERCIAL (GENERAL) • 5.08 Acres
      Montvale, VA 24122
      View Details
    • Value Estimation by Request
      4,000 SF

      1273 Colonial Ft Dr

      COMMERCIAL (GENERAL) • 4,000 SF
      1273 Colonial Ft Dr, Montvale, VA 24122-2953
      View Details
    • Value Estimation by Request
      864 SF

      11685 Lynchburg Salem Tpke

      COMMERCIAL (GENERAL) • 864 SF
      11685 Lynchburg Salem Tpke, Montvale, VA 24122
      View Details

    Similar Nearby for Sale

    • $75,000
      0.92 Acres

      Montvale Commercial Land For Sale

      Two lots totaling 0.92 acres with road frontage.
      W Lynchburg Salem Tpke, Montvale, VA 24122
      View Details
    • $75,000
      0.92 Acres

      Montvale Commercial Land For Sale

      Two lots totaling 0.92 acres with road frontage.
      W Lynchburg Salem Tpke, Montvale, VA 24122
      View Details
    • $75,000
      0.92 Acres

      Montvale Land on 460 Frontage

      Two lots totaling 0.92 acres with road frontage.
      W Lynchburg Salem Tpke, Montvale, VA 24122
      View Details
    • $65,000
      1.50 Acres

      Montvale Land with Utilities

      1.5 acre lot with well and septic installed.
      Pike Rd, Montvale, VA 24122
      View Details
    • $37,999

      Land for Sale in Montvale

      Land available on Montvale Street in Bedford County, Virginia.
      1319 Montvale St, Montvale, VA 24122
      View Details
    • $499,000

      Income-Producing Multi-Unit Bedford County Property

      Multi-unit property with income potential in Bedford County, Virginia.
      1332 Goose Creek Valley Rd, Montvale, VA 24122
      View Details
    View Listing
    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.
    1231 Colonial Fort Dr
    Montvale, VA 24122
    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.
    Sign Up Successful!
    You now have access to more from Realmo!