Property profile

433 Commonwealth E Blvd Martinsville, VA 24112

OFF-MARKET
Office buildings
Property ID
US87-3099237
17,578 SF 1.14 ac lot Built 1981
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This 12,229 square foot, two-story office building at 433 Commonwealth Blvd E, Martinsville, VA 24112, is available for lease. Built in 1981, this former bank headquarters sits on a 1.1-acre lot and is zoned ED-MA. The property features numerous large private offices, spacious training and meeting rooms, a central reception desk, and a comfortable waiting area. A wide spiral staircase connects the ground and second floors. Flexible space options are available, with a minimum divisible space of 5,734 square feet and a maximum contiguous space of 6,495 square feet. The entire 12,229 square feet is currently vacant and ready for immediate occupancy. Ideal for professional services, back-office operations, medical offices, executive suites, or co-working spaces. The building does not have elevators. The property's excellent condition and convenient location make it a highly desirable opportunity. APN: 000980690.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 17,578 SF
Lot 1.14 ac (49,484 SF)
Zoning code ED-MA
APN 25 (11 )00 /C1R
UPID US87-3099237

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
  • Physician
  • Food Bank Charitable Organization

Location

433 Commonwealth E Blvd Martinsville, VA 24112-2020
Martinsville metro Census 100 MARTINSVILLE, VA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.09M
Blend (final) Blend
$1.84M

Owner & transaction history

since 2025
Last sale
$2.1M
3 recorded transactions
2025
$900,000
2021
Price N/A
2012
$2.1M

Zoning & alternative use

ED-MA · Martinsville, VA
Zoning description

ED-MA Economic Development Medical Campus District (new district) ED-G Economic Development General District (formerly M-1) ED-I Economic Development Intensive District (formerly M-2) TND-O Traditional Neighborhood Devel…

General category CIVIC_INSTITUTIONAL

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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