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Property profile & analytics
FOR SALE
Office buildings
520 Piney Forest Rd Danville, VA 24540
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US87-1629662
For Sale
1 / 31
$749,900
520 Piney Forest Rd, Danville, VA 24540
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1928
Total area
2,704 SF
Lot
0.51 ac (22,216 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
52143
UPID
US87-1629662
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
We Care Va Crisis Center Medical Clinic
-
Abstracts and Titles, Inc., Danville, VA Title Company
-
Care Advantage, Inc. Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$505k
Owner & transaction history
New Leaf Ventures LLC · 1 yrs held
New Leaf Ventures LLC
since 2025
3 recorded transactions
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VA
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$315,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$350,000
Current use
COMMERCIAL (GENERAL)
$345,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$187 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$2,748
Tax year 2021
Assessed value
$328,200
Assessed 2023
Previous assessed
$328,200
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$122,000
Assessed improvement
$206,200
Land market value
$122,000
Improvement market value
$206,200
Total market value
$328,200
Applied tax rate
5,101,110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1928
Heating
YES
Cooling
YES
Stories
1
Units
90
Total area
2,704 SF
Lot
0.51 ac (22,216 SF)
Zoning code
HIGHWAY RETAIL COMM
APN
52143
UPID
US87-1629662
Jurisdiction
DANVILLE CITY
Zoning & alternative use
HIGHWAY RETAIL COMM · Danville, VAZoning HIGHWAY RETAIL COMM · permitted uses
HIGHWAY RETAIL COMM · Danville, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
UDC April 2026
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$350,000
COMMERCIAL (GENERAL)
Est. value
$345,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1928
Heating
YES
Cooling
Yes
Stories
1
Units
90
Lot
0.51 ac
Current owner
From public records · entity-resolved
New Leaf Ventures LLC
Entity
Free & Clear · 1 yrs held
Mailing address
147 WALDEN CT, DANVILLE, VA 24541-5163
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
New Leaf Ventures LLC
—
Deed
related
$100,000 · First National Bank
Feb 13, 2025
—
New Leaf Ventures LLC
John B Gilstrap JR
Special Warranty Deed
—
Jan 15, 2019
—
John B Gilstrap JR
—
Deed
related
$65,000 · Virginia Bank And Trust Company
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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