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    Property profile & analytics

    705 Regional Park Rd Lebanon, VA 24266-3706

    • Industrial properties
    • 96,480 SF
    • 10.99 lot acres
    OFF-MARKET
    Value Estimation
    $2,625,000
    Last Sale
    Jun 04, 2025
    $3,300,000
    Location Intelligence
    Property ID
    US87-3268524
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 705 Regional Park Rd

    Lot size
    10.99 lot acres
    Property size
    96,480 SF
    Property type
    Industrial properties
    APN
    104R 3814J1
    APU
    104R3814J1

    Description

    This 120,000-square-foot industrial facility in Lebanon, Virginia, is available for sale at $5,200,000 ($43.33/SF). Located on an 11.43-acre lot with security fencing, a guard gate, and automated gates for tractor-trailer access, this Class B building offers significant potential. Built in 1997, the property features one three-story building with approximately 12,000 square feet dedicated to office space. The main manufacturing area comprises two large bays with ceiling heights reaching nearly 40 feet and eave heights starting at 24 feet. The floors are designed to support heavy machinery. Supporting areas include lab space, a machine shop, water processing facilities, and air handling shops. The property boasts five loading docks, multiple drive-in doors, and 250 parking spaces. The permitted zoning is M-2, and the property is offered fee simple and is currently vacant. Given the ongoing industrial development in Russell County and Virginia, potential buyers may be eligible for local and state incentives. This versatile property is ideal for a variety of industrial uses. The APN is 104R3814J1.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Russell
    State
    Virginia
    Longitude
    -82.0475
    Latitude
    36.901

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,808
    $659,600
    $1,532,200
    $2,191,800
    -
    $659,600
    $1,532,200
    $2,191,800

    Comparable in this City

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      1781 Us Hwy 19

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    • Value Estimation by Request
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      40 Main St

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    • Value Estimation
      $390,000
      3,480 SF

      11904 U S Hwy 19

      WAREHOUSE, STORAGE • 3,480 SF
      11904 U S Hwy 19, Lebanon, VA 24266-7082
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    705 Regional Park Rd
    Lebanon, VA 24266-3706
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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