129 Ferrell St South Hill, VA 23970-2101
Property profile & analytics
129 Ferrell St South Hill, VA 23970-2101
- Industrial properties
- 4,047 SF
- 1.00 lot acres
Property ID
US87-3174578
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 129 Ferrell St
- Year built
- 2006
- Lot size
- 1.00 lot acres
- Property size
- 4,047 SF
- Zone code
- C2
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 078A13-02--001D
- APU
- 078A1302001D
Description
This exceptional investment opportunity presents a 3,350 square foot, freestanding medical office building located at 129 E Ferrell St, South Hill, VA 23970. The property boasts 100% occupancy with a strong, single tenant, MyEyeDr., under a Net Lease (NN) agreement. The asking price is $1,201,961, representing a compelling 7.50% cap rate and a price per square foot of $358.79. The building sits on a one-acre lot and enjoys excellent visibility and accessibility from E Ferrell Street. Its strategic location is equidistant from the state capitals of North Carolina and Virginia, and is just four miles from VCU Health Community Memorial Hospital, a significant healthcare provider with over 700 employees. The property benefits from proximity to numerous national retailers including Food Lion, Walmart, The Home Depot, T.J.Maxx, Tractor Supply Co., and Harbor Freight Tools. The lease includes annual rent bumps of 1% at the beginning of each calendar year, providing consistent rental income growth. The current Net Operating Income (NOI) is $90,147. This is a rare opportunity to acquire a high-performing, single-tenant medical office building in a strong market. Don't miss this chance to add a stable, high-yield asset to your portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- South Hill
- County
- Mecklenburg
- State
- Virginia
- Longitude
- -78.1199
- Latitude
- 36.7335
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
$2,420
$110,000
$495,100
$605,100
-
$110,000
$495,100
$605,100
