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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Banks
530 Main St Danville, VA 24541-1329
Entity Owned
Free & Clear
Property ID
US87-1627875
Property summary
AI-generated overview
This exceptional office property at 530 Main Street in Danville, Virginia (zip code 24541), offers a variety of spaces to suit diverse business needs. The building, totaling 17,000 square feet, features a mix of executive, creative, and traditional office layouts, making it ideal for a range of tenants. Currently, there are multiple tenancies available, with a maximum contiguous space of 8,100 square feet and 2,200 square feet currently vacant. One immediately available suite, located on the third floor, comprises two rooms and a closet, totaling 325 square feet, and is offered at a monthly rent of $510. The building is conveniently located in Danville's historic downtown district, anchored by a bank, and provides easy access via elevator and ample parking. The available spaces range from 325 to 8,100 square feet, catering to businesses of various sizes. This is a fantastic opportunity to establish a presence in a vibrant and well-connected location. Inquire today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1971
Construction
CONCRETE BLOCKS
Total area
23,724 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
24592
UPID
US87-1627875
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
-
David Pugh PLLC Law Firm
-
NW Technology Engineering Consultants General Contractor
-
First Citizens Bank Bank Loan Service
-
First Citizens Bank ATM Atm
-
Halifax Pittsylvania Court Services Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.73M
Owner & transaction history
530 MAIN LLC
530 MAIN LLC
Zoning & alternative use
CENTRAL BUSINESS DISTRICT · Danville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
UDC April 2026
Top alternative use upside
Office building
$2.5M
+6.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,385,000
Current use
OFFICE BUILDING
$2,540,000
Change: +6% · Conversion: Difficult
RESTAURANT
$2,235,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,205,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$73 / 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
$16,309
Tax year 2021
Assessed value
$2,030,300
Assessed 2023
Previous assessed
$2,030,300
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$126,000
Assessed improvement
$1,904,300
Land market value
$126,000
Improvement market value
$1,904,300
Total market value
$2,030,300
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
3
Total area
23,724 SF
Lot
0.96 ac (41,818 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
24592
UPID
US87-1627875
Jurisdiction
DANVILLE CITY
Zoning & alternative use
CENTRAL BUSINESS DISTRICT · Danville, VAZoning CENTRAL BUSINESS DISTRICT · permitted uses
CENTRAL BUSINESS DISTRICT · 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
FINANCIAL BUILDING Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
FINANCIAL BUILDING Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1971
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
3
Lot
0.96 ac
Current owner
From public records · entity-resolved
530 MAIN LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1173, DANVILLE, VA 24543-1173
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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