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    3527 Lankford Hwy Exmore, VA 23350

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    For Sale
    $1,263,000

    Retail property with long-term tenants and income growth potential.

    Property size:
    5,600 SF
    Lot size:
    1.00 Acres

    Property Features for 3527 Lankford Hwy

    General Information

    Size
    5,600 SF
    Lot size
    1.00 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 features established tenants. Verizon recently extended their initial lease for an additional 3 years, with 3 further 3-year options to extend. Virginia ABC has 6 years remaining on their initial lease, with one 5-year option to extend. Virginia ABC has 2% annual rental increases throughout the initial term and options thereafter. Verizon, headquartered in New York City, generated revenues of $134.8 billion in 2024. Virginia ABC currently operates approximately 400 state stores and provides alcohol education and prevention programs. The tenant is responsible for utilities, taxes, insurance, and most maintenance. The property is 5,600 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Verizon Cell Phone Store Verizon Business Services Internet Service Provider

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Gym & Fitness Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Exmore
    County
    Northampton
    State
    Virginia
    Longitude
    -75.8308665
    Latitude
    37.5260758

    Nearby Similar for Sale

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Storefront property - Retail property with long-term tenants and income growth potential.
    Where is this storefront property located?
    The property is located at 3527 Lankford Hwy Exmore, VA.
    What is the asking price?
    The asking price for this property is $1,263,000.
    What are key features of this property?
    This property features: - Strong tenant mix with Verizon and Virginia ABC providing stable income.; - Verizon recently extended their lease, demonstrating commitment to the location.; - Virginia ABC has 6 years remaining on their initial lease.
    (202) 286-1542
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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
    3527 Lankford Hwy Exmore, VA 23350
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