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Property profile & analytics
OFF-MARKET
Estimated value
$3,365,000
Industrial properties
705 Regional Park Rd Lebanon, VA 24266-3706
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US87-3268524
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
96,480 SF
Lot
10.99 ac (478,855 SF)
APN
104R 3814J1
UPID
US87-3268524
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
Industrial Development Authority Ru · 1 yrs held
Industrial Development Authority Ru
since 2025
Last sale
$3.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$3,500,000
ML approach
$4,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,870,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±10% · vs last sale $3.30M (Jun 4 2025)
Last sale anchor
$3.30M
Jun 4 2025
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
$35 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,808
Tax year 2024
Assessed value
$2,191,800
Assessed 2024
Previous assessed
$2,191,800
+0.0% YoY
Effective rate
0.63%
On assessed value
Assessed land
$659,600
Assessed improvement
$1,532,200
Land market value
$659,600
Improvement market value
$1,532,200
Total market value
$2,191,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Cooling
NONE
Stories
1
Total area
96,480 SF
Lot
10.99 ac (478,855 SF)
APN
104R 3814J1
UPID
US87-3268524
Jurisdiction
RUSSELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.9M
MEDICAL BUILDING
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
Cooling
Yes
Stories
1
Lot
10.99 ac
Current owner
From public records · entity-resolved
Industrial Development Authority Ru
Entity
Mailing address
201 ISABELLA ST, PITTSBURGH, PA 15212-5872
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
$3,300,000
Industrial Development Authority Ru
Howmet Wheels International Virgini
Warranty Deed
$4,000,000 · Virginia Coalfield Economic Develop
Dec 4, 2023
—
Howmet Wheels International Virgini
Industrial Development Authority Ru
Correction Deed
related
—
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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