4482 Amherst Hwy Madison Heights, VA 24572-5388
This exceptional 2,531 square foot office building, located at 4482 S. Amherst Hwy in Madison Heights, Virginia (zip code 24572), presents a compelling investment opportunity. Built in 1973, this traditional office space sits on a highly visible corner lot with a convenient drive-thru, previously occupied by a SunTrust branch. The property boasts 100% occupancy with a current lease extending until March 31, 2028, ensuring a stable income stream. The asking price is $890,000, translating to a price per square foot of $351.64. The property is zoned for business use (APN: 155 A 123) and offers significant potential for future growth within the thriving Madison Heights market. The building's strategic location and existing lease provide a strong foundation for a secure and profitable investment, offering a 6.25% cap rate. This is a rare opportunity to acquire a well-located, income-producing property in a dynamic market. The property's features, including its prominent corner location and drive-thru, make it an attractive asset for a variety of potential uses. Serious inquiries are encouraged.
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ATM (Suntrust Bank) Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Madison Heights, VAMadison Heights. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.