Property profile

140 Highland Dr Lebanon, VA 24266

OFF-MARKET
Office buildings
Property ID
US87-2724131
8,512 SF 1.35 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 8,512 SF
Lot 1.35 ac (58,762 SF)
APN 104R 1018B2
UPID US87-2724131

Cap rate & NOI

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

Location

140 Highland Dr Lebanon, VA 24266-4674
Lebanon metro Census 30202
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
$685k
Blend (final) Blend
$900k

Owner & transaction history

since 2024
Last sale
$900,000
1 recorded transaction
2024
$900,000

Zoning & alternative use

Top alternative use upside
Restaurant $1.0M +52.7%
Auto repair, garage $935,000 +39.3%

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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