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Property profile & analytics

8459 Wards Rd Rustburg, VA 24588-4259

  • Commercial real estate
  • 8,200 SF
  • 2.24 lot acres
OFF-MARKET
Value Estimations
$1,160,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US87-2062611
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

  • 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

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $945,000
    6.5%
    $870,000
    7%
    $810,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,175,000
    Market price range: $642k - $1.78M
    AI Estimate
    $1,433,000
    Market 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

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
2023
$3,715
$153,700
$671,800
$825,500
-
$153,700
$671,800
$825,500
More about this property
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