50 Firstwatch Dr Moneta, VA 24121
This exceptional investment opportunity presents a fully occupied, 22,134 square foot retail center nestled within the vibrant Lakewatch Plantation community in Moneta, Virginia. The property boasts seven diverse retail spaces, currently leased to a strong tenant mix including The Copper Kettle Co. Restaurant, City Electric Supply, PAC Interiors, Domino's Pizza, Body 4 U, and Farmhouse Catering & Meals To Go, ensuring a consistent income stream. Situated on a 3.76-acre lot, the center offers ample parking with 116 spaces to accommodate customers and employees. The property benefits from public water and sewer services, simplifying operations and maintenance. Lakewatch Plantation itself is a thriving community spanning approximately 479 acres, offering a variety of residential, commercial, and recreational amenities. Residents and visitors enjoy access to waterfront areas, a YMCA, and numerous other conveniences. The strategic location between Hales Ford Bridge and Westlake provides excellent accessibility, while proximity to Roanoke (23 miles) and Rocky Mount (17 miles) expands the potential customer base. This is a rare chance to acquire a high-performing retail center in a desirable and rapidly growing area. The gross leasable area totals 22,134 square feet, and the property is currently 100% occupied, providing immediate return on investment. Nearby amenities include Bojangles and Bank of Botetourt, further enhancing the location's appeal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.