Property profile

501 Main St Danville, VA 24541

OFF-MARKET
Retail space
Property ID
US87-1588632
18,177 SF 0.37 ac lot Built 1950
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction CONCRETE BLOCKS
Total area 18,177 SF
Lot 0.37 ac (16,117 SF)
Zoning code CENTRAL BUSINESS DISTRICT
APN 22664
UPID US87-1588632

Cap rate & NOI

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

Location

501 Main St Danville, VA 24541-1317
Danville metro Census 500 DANVILLE, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
$636k
Blend (final) Blend
$315k

Owner & transaction history

since 2019
1 recorded transaction
2019
$247,500

Zoning & alternative use

CENTRAL BUSINESS DISTRICT · Danville, 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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