140 Highland Dr, Lebanon, VA 24266-4674
This exceptional single-story, 8,624 square foot office building in Lebanon, VA, presents a compelling investment opportunity. Constructed in 1998, the all-brick building boasts a flexible open floor plan complemented by perimeter offices, offering numerous layout possibilities. Currently, a lease is in place, extending through December 31, 2024, providing immediate income potential. The property's efficient heating and cooling system utilizes four heat pumps. Its convenient location in Lebanon, Virginia, places it in close proximity to both Russell County and town offices, ensuring high visibility and accessibility. The property is zoned C1, allowing for a variety of commercial uses. The asking price is $1,200,000, translating to $139.15 per square foot. This represents a strong value proposition for investors seeking a well-maintained, versatile office space in a desirable location. The building's single-level design and ample square footage make it ideal for a range of businesses or potential redevelopment. Serious inquiries are encouraged to explore the full potential of this prime commercial property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.