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    Property profile & analytics
    OFF-MARKET Estimated value $900,000
    Office buildings

    140 Highland Dr, Lebanon, VA 24266-4674

    8,512 SF 1.35 ac lot
    Entity Owned Free & Clear
    Property ID
    US87-2724131
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    R S & J INC · 2 yrs held
    R S & J INC
    since 2024
    Last sale
    $900,000
    1 recorded transaction
    2024
    $900,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.0M +52.7%
    Auto repair, garage $935,000 +39.3%
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