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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2000 Cane Creek Pkwy Ringgold, VA 24586

    • Commercial real estate
    • 241,200 SF
    • 55.54 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimations
    $1,005,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-3016708
    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.

    Current Use by Public Records

    • Elkay Manufacturing / Manufacturer

    Property Details for 2000 Cane Creek Pkwy

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    55.54 lot acres
    Property size
    241,200 SF
    Zone code
    M-1
    Property type
    Commercial real estate
    APN
    2347-48-2743
    APU
    2347482743

    Description

    This exceptional 253,451-square-foot industrial facility in Pittsylvania County, Virginia, presents a unique opportunity for immediate occupancy. Built in 2005, this single-tenant building sits on a substantial 55.54-acre lot and boasts a 24' to 25' ceiling height, ideal for various manufacturing or distribution operations. The property features 100% wet sprinkler coverage for enhanced safety and security. Power is robust, with 6,000 AMPS, 480/277 volt service, including a busbar and airlines. Ample parking is available with paved and marked spaces for approximately 340 vehicles. The building includes approximately 13,450 square feet of attached front office space, complete with a cafeteria area, providing convenient amenities for employees. The expansive site allows for significant future expansion possibilities. The property is zoned M-1 Light Industrial (APN: 2347-48-2743) and offers a single-story layout for efficient workflow. This is a turnkey solution for businesses seeking a large, well-equipped industrial space in a desirable location. The property is ready for immediate occupancy, providing a significant advantage for companies needing quick access to operational space. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,005,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ringgold
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.312
    Latitude
    36.599
    CBSA code
    19260
    CBSA name
    DANVILLE, 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
    2024
    $65,606
    $402,700
    $11,312,700
    $11,715,400
    -
    $402,700
    $11,312,700
    $11,715,400

    Comparable in this City

    • Value Estimation by Request
      3.88 Acres

      4341 Boston Hwy

      Churches & religious facilities • 3,200 SF
      4341 Boston Hwy, Ringgold, VA 24586
      View Details
    • Value Estimation
      $1,020,000
      67,940 SF

      2275 Cane Crk Pkwy

      COMMERCIAL (GENERAL) • 67,940 SF
      2275 Cane Crk Pkwy, Ringgold, VA 24586-7700
      View Details
    • Value Estimation
      $4,175,000
      150,000 SF

      240 Factory Ln

      COMMERCIAL (GENERAL) • 150,000 SF
      240 Factory Ln, Ringgold, VA 24586
      View Details
    • Value Estimation
      $740,000
      40,000 SF

      500 Cane Crk Pkwy Rd

      COMMERCIAL (GENERAL) • 40,000 SF
      500 Cane Crk Pkwy Rd, Ringgold, VA 24586-1100
      View Details
    • Value Estimation
      $430,000
      27,000 SF

      1350 Barker Rd

      COMMERCIAL (GENERAL) • 27,000 SF
      1350 Barker Rd, Ringgold, VA 24586-4504
      View Details
    • Value Estimation
      $250,000
      1.40 Acres

      246 Clarks Ml Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.40 Acres
      246 Clarks Ml Rd, Ringgold, VA 24586-2428
      View Details
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    Ringgold, VA 24586
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    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
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