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    35 Northumberland Hwy Callao, VA 22435

    For Sale
    $1,610,000

    Tenant occupied retail property with long-term lease in place.

    Property size:
    16,100 SF
    Lot size:
    1.64 Acres

    Property Features for 35 Northumberland Hwy

    General Information

    Size
    16,100 SF
    Lot size
    1.64 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Retail Property For Sale

    This retail property is occupied by a tenant with over 8 years remaining on an initial 10-year lease. The lease includes five 5-year options to extend, indicating a strong, long-term commitment to the location. The lease is corporate signed by Family Dollar Stores of Virginia, LLC. The current rent is $7.00 per square foot, representing a low occupancy cost. Rental rates increase by $0.50 per square foot at the beginning of each option period. The tenant is responsible for CAM, taxes, insurance, and most maintenance aspects of the premises. Landlord responsibilities are limited to the roof, structure, and parking lot. This property represents an ideal, low-management investment opportunity for a passive investor. The property contains 16,100 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Callao
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.5592997
    Latitude
    37.9692584

    Nearby Similar for Sale

    • $319,000
      4,160 SF

      Callao, VA Commercial Office Building

      Commercial office building in Callao, Virginia with multiple business spaces.
      268 Northumberland Hwy, Callao, VA 22435
      View Details
    • $1,610,000
      16,100 SF

      Family Dollar/Dollar Tree Combo Store

      Individual retail properties • 16,100 SF
      35 Northumberland Hwy, Callao, VA 22435
      View Details

    FAQs

    What type of property is this?
    Storefront property - Tenant occupied retail property with long-term lease in place.
    Where is this storefront property located?
    The property is located at 35 Northumberland Hwy Callao, VA.
    What is the asking price?
    The asking price for this property is $1,610,000.
    What are key features of this property?
    This property features: - Long-term lease: Enjoy 8+ years remaining on the initial term, with 5 (5-year) options to extend.; - Corporate lease: Signed by Family Dollar Stores of Virginia, LLC.; - Low rent: Occupancy cost of $7.00/SF.
    (202) 286-1542
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    Callao, VA 22435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35 Northumberland Hwy Callao, VA 22435
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