Technical
Financial
Distress signals
Property profile

8157 Old Cavalry Dr Mechanicsville, VA 23111

OFF-MARKET
Commercial real estate
Property ID
US87-3716615
1.83 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.83-acre commercial lot in Mechanicsville, VA, presents a remarkable opportunity. Located at 8157 Old Cavalry Drive, this property boasts a B-1 zoning designation and has already received Hanover County Planning Commission approval for a 14,400 square foot, free-standing, single-story building. Significant site improvements are already in place, saving considerable time and money for the future owner. These include 101 paved parking spaces, concrete curbs and gutters, and readily available utilities. Specifically, 1-inch and 2-inch public water tap connections are on-site, along with sewer access. Natural gas is conveniently available via Virginia Natural Gas Company on Mechanicsville Turnpike. A comprehensive stormwater management system is fully operational, complete with a prepaid VSMP permit (#DCR01-090-100089). The attractive, level lot is ready for immediate development. Detailed engineering drawings and site plans, prepared by Bay Design Group, are available upon request, providing a significant head start on the construction process. This property offers a unique blend of convenience, pre-approved plans, and substantial infrastructure, making it an ideal investment for a variety of commercial ventures. Priced at $600,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.83 ac (79,628 SF)
Zoning code B-1
APN 8725-73-2090
UPID US87-3716615

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8157 Old Cavalry Dr Mechanicsville, VA 23111-4533
Mechanicsville metro Census 321003 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$635k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$635k

Owner & transaction history

since 2022
Last sale
$525,000
3 recorded transactions
2022
$525,000
2008
$464,200
1969
Price N/A

Zoning & alternative use

B-1 · Mechanicsville, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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