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    5523 Waterlick Rd Forest, VA 24551

    For Sale
    $395,000

    High-visibility corner parcel suitable for various commercial uses.

    Lot size:
    1.58 Acres

    Property Features for 5523 Waterlick Rd

    General Information

    Lot size
    1.58 Acres

    Source: Gentry Commercial Real Estate, Inc Agent Christopher Gentry

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

    Overview

    Corner Parcel on Waterlick Road

    This corner parcel is located at the signalized intersection of Waterlick Road and Thomas Jefferson Road. The property benefits from high visibility and high traffic count. It is currently zoned C-1, which allows for a variety of commercial uses including medical, professional office, banking and financial institutions, personal services, and multifamily. The Bedford County location is situated between Timberlake Road and Forest Road on a heavily traveled road. The property is near major residential developments with great access, making it a suitable location for a medical office, financial office, strip center, or convenience store with rezoning.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Department Store HVAC Service Garden Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest
    County
    Bedford
    State
    Virginia
    Longitude
    -79.2822047
    Latitude
    37.3429895

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    FAQs

    What type of property is this?
    Commercial land - High-visibility corner parcel suitable for various commercial uses.
    Where is this commercial land located?
    The property is located at 5523 Waterlick Rd Forest, VA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - High visibility corner location at a signalized intersection.; - High traffic count.; - Zoned C-1 allowing for a variety of commercial uses.
    (434) 485-8900
    Request Owner's contact information
    5523 Waterlick Rd Forest, VA 24551
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    Forest, VA 24551
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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
    5523 Waterlick Rd Forest, VA 24551
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