Property profile

348 Dillard Rd Madison Heights, VA 24572

OFF-MARKET
Industrial properties
Property ID
US87-2621178
16,680 SF 5.48 ac lot Built 1974
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 16,200-square-foot industrial facility in Madison Heights, Virginia, presents a unique investment opportunity. Situated on a 5.4-acre lot with 500 feet of frontage on Dillard Road and convenient access to US Routes 130 and 29, this single-story, Class B building offers unparalleled flexibility. Built in 1974, the property features three suites, currently vacant, with a minimum divisible space of 3,200 square feet and a maximum contiguous space of 16,200 square feet. The building boasts a 23-foot ceiling height, three loading docks with three dock-high doors, and three drive-in doors, complemented by ample parking for 30 vehicles. Inside, discover 2,250 square feet of office space, three large warehouse bays, an employee breakroom, and a spacious employee bathroom with an industrial wash basin. The property is equipped with a robust 480-amp three-phase power system, a fire suppression system, and a dedicated fire department water supply outlet. Zoned M-1, this property is served by county water and a septic system. A large fenced-in loading and unloading area with a lay-down area provides additional operational advantages. This versatile space is ideal for manufacturing, warehousing, or distribution needs and offers significant potential for subdivision. The property's location in the Madison Heights submarket of Amherst County provides easy access to Lynchburg and Amherst. The APN is 155-A-91.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1974
Construction BRICK
Total area 16,680 SF
Lot 5.48 ac (238,883 SF)
Zoning code M1
APN 155 A 91
UPID US87-2621178

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gas Station

Location

348 Dillard Rd Madison Heights, VA 24572-6261
Madison Heights metro Census 10506 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

Zoning & alternative use

M1 · Madison Heights, VA

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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