202 Boatwright Ave Danville, VA 24541-1902
Property Lookup
Property profile & analytics
202 Boatwright Ave Danville, VA 24541-1902
- Medical Office Space
- 9,840 SF
- 0.78 lot acres
Property ID
US87-1486657
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
- Biomat USA / Medical Clinic
Property Details for 202 Boatwright Ave
- Year built
- 1965
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.78 lot acres
- Property size
- 9,840 SF
- Zone code
- CENTRAL BUSINESS DISTRICT
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 25171
- APU
- 25171
Description
This exceptional investment opportunity presents a single-tenant, net-leased retail and office property located at 202 Boatwright Ave, Danville, VA 24541. The 9,840 square-foot building, constructed in 1965 and renovated in 2017, sits on a 1.44-acre lot and enjoys 100% occupancy by Biomat USA, a subsidiary of the global healthcare company Grifols. Biomat USA has occupied the property since December 1999, demonstrating a strong commitment with numerous lease extensions. The current lease extends to January 31, 2032, offering a remaining term of 7.2 years, and includes a 2% annual rental escalation. A single five-year renewal option is also available. The property generates a strong net operating income (NOI) of $231,282, resulting in an attractive 8.09% cap rate. The property benefits from its convenient location near major thoroughfares, including Central Boulevard (31,000 VPD), Riverside Drive (27,000 VPD), and The Danville Expressway (22,000 VPD). Its proximity to Galileo Magnet High School, Sovah Health Hospital (250 beds), and Averett University further enhances its appeal. The substantial population within a five-mile radius (over 48,500 people) with an average household income exceeding $61,800, contributes to the property's strong market position. An adjacent parcel provides additional parking, leased concurrently with the building, and features 3% annual rental escalations. This is a rare opportunity to acquire a stable, high-performing asset with a long-term tenant and significant upside potential. Specific rent bump details are available in the offering memorandum.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,265,000
- ML approach
- $2,480,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,530,000
- 6.5%
- $1,415,000
- 7%
- $1,315,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Danville
- County
- Danville City
- State
- Virginia
- Longitude
- -79.3952
- Latitude
- 36.5839
- 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
2021
$7,777
$32,500
$1,002,000
$1,034,500
-
$32,500
$1,002,000
$1,034,500
