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Storage Depot - Tazewell, VA 129 Goldwing Dr 15,000 SF 100% Leased Industrial Building North Tazewell, VA 24630 $890,000 ($59.33/SF) 8.85% Cap Rate
EXECUTIVE SUMMARY
Income Growth Potential – Rents are below market competitors, with additional upside through increasing tenant insurance income, which currently totals only $1,288 annually.
Low Maintenance & Overall Operating Expense Ratio – Low property tax environment and ownership has experienced very minimal repairs and maintenance at the property.
Remote Management – The property is owned by an out-of-state owner, with a boots-on-the-ground manager already in place for a new owner. BOTG manager does on-site maintenance and lawn care for $375 per month.
Stable Local Economic Base – Employment is driven by government, healthcare, and retail, which together account for over 50% of the local workforce.
National Retailers Nearby – Located near national retailers including Food Lion, CVS Pharmacy, Pizza Hut, KFC, Wendy’s, Family Dollar, Dollar General, Subway, and others.
Low Maintenance & Overall Operating Expense Ratio – Low property tax environment and ownership has experienced very minimal repairs and maintenance at the property.
Remote Management – The property is owned by an out-of-state owner, with a boots-on-the-ground manager already in place for a new owner. BOTG manager does on-site maintenance and lawn care for $375 per month.
Stable Local Economic Base – Employment is driven by government, healthcare, and retail, which together account for over 50% of the local workforce.
National Retailers Nearby – Located near national retailers including Food Lion, CVS Pharmacy, Pizza Hut, KFC, Wendy’s, Family Dollar, Dollar General, Subway, and others.
PROPERTY FACTS
| Price | $890,000 | Property Type | Industrial |
| Price Per SF | $59.33 | Rentable Building Area | 15,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.85% | Year Built | 2025 |
| Price | $890,000 |
| Price Per SF | $59.33 |
| Sale Type | Investment |
| Cap Rate | 8.85% |
| Property Type | Industrial |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built | 2025 |
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PROPERTY TAXES
| Parcel Number | 094A6A-0001 | Improvements Assessment | $239,500 |
| Land Assessment | $56,300 | Total Assessment | $295,800 |
PROPERTY TAXES
Parcel Number
094A6A-0001
Land Assessment
$56,300
Improvements Assessment
$239,500
Total Assessment
$295,800
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Storage Depot - Tazewell, VA | 129 Goldwing Dr
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