Danville, VA
Commercial Real Estate Market Trends & Data

$209 Avg asking sale price
$13 Avg asking lease rate
30,929 SF Avg unit lease size
58,907 SF Avg building size for sale
6.25% Average cap rate

Danville's Demographic Profile

Danville has 18,717 households and a median income of $38,879, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 41,910
# Households 18,717
Median age 43
Median household income $38,879
Avg household size 2.0
Renter-occupied housing units 10,189
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Danville, VA

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Danville $121 8,424 SF
Pelham $32 57,000 SF
Chatham $131 9,100 SF
Milton $154 1,920 SF
Eden $159 5,050 SF

Commercial Properties For Sale in Danville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

110 Newton St

Danville, VA 24541

  • 16,600 SF Industrial Building
  • $1,350,000
For Sale

417 Bridge St

Danville, VA 24541

  • 55,756 SF Office Building
  • $3,899,999
For Sale

116 Magnolia Dr

Danville, VA 24541

  • 2,934 SF Office Building
  • $285,000
For Sale

26+/- Acres Zoned for MultiFamily Development

Danville, VA 24540

  • 26 AC Lot
  • 1 Commercial Lot
  • $1,500,000
For Sale

1054 Industrial Ave

Danville, VA 24541

  • 5,300 SF Industrial Building
  • $550,000
For Sale

2380 Riverside Dr

Danville, VA 24540

  • 2,400 SF Retail Building
  • $489,900

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Danville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Danville $209 58,907 SF
Ringgold $84 253,451 SF
Providence $123 9,100 SF
Pelham $44 57,000 SF

Regional Demographic Comparison

This comparison places Danville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Danville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Danville 41,910 18,717 43 $38,879 2 10,189 -1%
Blairs 855 345 47 $66,857 2 62 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Danville, VA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Danville

View All Commercial Real Estate For Sale in Danville
Is Danville a good market for a first-time commercial real estate investor?

Danville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Danville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Danville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Danville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Danville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Danville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Danville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Danville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Danville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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