Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    705 Starling Ave Martinsville, VA 24112

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    705 Starling Ave Martinsville, VA 24112

    View on Map
    • Commercial real estate
    • 2,450 SF
    Off-Market
    Property ID
    US87-2816697
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 705 Starling Ave

    Year built
    1984
    Property size
    2,450 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,450 square foot office building, constructed in 1984, is situated at 705 Starling Avenue, Martinsville, VA, and offers a prime location with excellent street visibility. The single-story building features ample surface parking for 20 vehicles. Currently divided into two 1,225 square foot units, the space boasts seven individual offices, a large conference room, a welcoming reception area, and a waiting room. The property is zoned R-T (Residential Transitional), allowing for a wide variety of uses, including but not limited to: professional office space, medical or dental offices, retail establishments (subject to size limitations), restaurants (subject to size limitations), churches, daycares, and many other possibilities. The property's versatile layout and ample parking make it an ideal location for a diverse range of businesses. The APN is 43 (08 )00 /12 and the cross street is Granville St. This is a fantastic opportunity to establish a presence in a thriving community. The building is currently entirely vacant, presenting a blank canvas for your business needs. Consider the potential of this adaptable space and its numerous permitted uses. Contact us today to learn more about this unique opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville City
    State
    Virginia
    Longitude
    -79.870616066048
    Latitude
    36.680772495349

    Comparable in this City

    • Contact for pricing

      Martinsville Office Space For Lease

      Office space for lease in Martinsville, Virginia.
      1780 Old Chatham Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      1,200 SF

      Martinsville Office Space Available

      Office space for rent in Martinsville, Virginia, 1200 square feet.
      1101 Brookdale St, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Professional Brick Office Building

      Office suites with live/work opportunity in Martinsville, VA.
      156 E Market St, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Patrick Henry Mall Retail Space

      213,869 SF shopping center on 16.6 acres in Martinsville, VA.
      730 Church St E, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Uptown Martinsville Professional Office Space

      Professional office space for rent in Uptown Martinsville, Virginia.
      26 W Church St, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      Located in the heart of Henry County, near Martinsville.
      205 V C Dr, Martinsville, VA 24112
      View Details

    Similar Nearby for Sale

    • $125,000
      2,035 SF

      Martinsville Commercial Suites For Sale

      Successful business location, ideal for professional services.
      15 Cleveland Ave, Martinsville, VA 24112
      View Details
    • $94,900
      1,077 SF

      Martinsville Commercial Property For Sale

      Commercial property with office, kitchen, laundry, and bath.
      918 Chatham Heights Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Prime Commercial Land in Martinsville

      Located in the heart of Henry County, near major thoroughfare.
      205 V C Dr, Martinsville, VA 24112
      View Details
    • $375,000
      4,935 SF

      Medical Office Condo For Sale

      Well-maintained medical office condominium in a desirable location.
      15 Cleveland Ave, Martinsville, VA 24112
      View Details
    • $35,000
      880 SF

      Martinsville Commercial Space For Sale

      Commercial space suitable for medical or professional business.
      15 Cleveland Ave, Martinsville, VA 24112
      View Details
    • Contact for pricing
      3,249 SF

      KFC Absolute NNN Lease

      KFC with 15 years remaining on absolute NNN lease.
      18 Tensbury Dr, Martinsville, VA 24112
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Martinsville Office Space For Lease

      Office space for lease in Martinsville, Virginia.
      1780 Old Chatham Rd, Martinsville, VA 24112
      View Details
    • Contact for pricing
      1,200 SF

      Martinsville Office Space Available

      Office space for rent in Martinsville, Virginia, 1200 square feet.
      1101 Brookdale St, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Professional Brick Office Building

      Office suites with live/work opportunity in Martinsville, VA.
      156 E Market St, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Patrick Henry Mall Retail Space

      213,869 SF shopping center on 16.6 acres in Martinsville, VA.
      730 Church St E, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Uptown Martinsville Professional Office Space

      Professional office space for rent in Uptown Martinsville, Virginia.
      26 W Church St, Martinsville, VA 24112
      View Details
    • Contact for pricing

      Prime Commercial Land for Lease

      Located in the heart of Henry County, near Martinsville.
      205 V C Dr, Martinsville, VA 24112
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    705 Starling Ave
    Martinsville, VA 24112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    705 Starling Ave, Martinsville, VA, 24112

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!