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525 7th St 8,525 SF 88% Leased Office Building Altavista, VA 24517 $620,025 CAD ($72.73 CAD/SF) 1.54% Cap Rate
Investment Highlights
- A High-Yield Opportunity in the Heart of Altavista!
- Ample parking.
- Recent Upgrades (2025)
- Located in the Downtown Revitalization Overlay District.
- Located in a thriving location!
Executive Summary
Prime investment opportunity in downtown Altavista! Zoned C-2 and in the Downtown Revitalization Overlay District, this multi-parcel property features updated office space, well-maintained residential units at 525 7th St. (2 residential units), 529 7th St. (1 commercial unit), and 616 Campbell Ave. (2 commercial units). This property has recent upgrades (2025), ample parking and is in a thriving location, poised for strong returns. Act now to secure your investment! Realtors: see attached documents for additional information.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,525 SF
Building Class
B
Year Built
1937
Price
$620,025 CAD
Price Per SF
$72.73 CAD
Cap Rate
1.54%
NOI
$9,579 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,263 SF
Building FAR
0.35
Lot Size
0.56 AC
Zoning
C-2, DRO - C-2, DRO (Downtown Revitalization Overlay District).
(Legal Description: LOTS 36-42 BLOCK 15).
Amenities
- Wheelchair Accessible
- Air Conditioning
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $422,113 CAD | |
| Land Assessment | $153,996 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $268,117 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$153,996 CAD
Improvements Assessment
$268,117 CAD
Total Assessment
$422,113 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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525 7th St
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