8459 Wards Rd Rustburg, VA 24588-4259
- Commercial real estate
- 8,200 SF
- 2.24 lot acres
Current Use by Public Records
- New Forensic Technologies / Medical Laboratory
- Brown Machine Works Inc / Machine Shop
Property Details for 8459 Wards Rd
- Year built
- 1984
- Lot size
- 2.24 lot acres
- Property size
- 8,200 SF
- Zone code
- I-G,C
- Property type
- Commercial real estate
- APN
- 0430-02000-013-A1
- APU
- 043002000013A1
Description
Exceptional investment opportunity in Rustburg, Virginia! This well-established, owner-user industrial property, Brown's Machine Shop, is listed at $3,200,000. The 18,150 square foot facility sits on a 2.24-acre lot, offering a price per square foot of $176.31 and a land value of $350,000 per acre. The property features three one-story buildings constructed in 1984, with renovations completed in 2003 and 2014. The property boasts 18-foot ceilings, one loading dock, and one dock-high door, ideal for efficient material handling. Zoned for industrial general commercial use, this versatile property includes approximately 1,800 square feet of office space, with the remaining area suitable for manufacturing, warehousing, or a combination thereof. High-speed internet access is available. The seller is open to various transaction structures, including a potential seller financing option where they would retain a 20% interest in the note, subject to a mutually agreeable agreement. The current owner is willing to provide a six-month transition period to ensure a smooth transfer of operations. This presents a rare chance to acquire a turnkey business or a highly desirable industrial property in a prime Rustburg location. The property is located at 8459 Wards Rd, Rustburg, VA 24588. A detailed equipment list is available upon request and execution of a non-disclosure agreement.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $945,000
- 6.5%
- $870,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,175,000
- AI Estimate
- $1,433,000
Market price range: $642k - $1.78MMarket price range: $846k - $2.02M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rustburg
- County
- Campbell
- State
- Virginia
- Longitude
- -79.1874
- Latitude
- 37.2472
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA