Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6420 Mechanicsville Tpke Mechanicsville, VA 23111

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6-acre agricultural parcel with frontage on Route 360.

    Property size:
    6 SF

    Property Features for 6420 Mechanicsville Tpke

    General Information

    Standard status
    Active
    Size
    6 SF

    We can help!

    Listing Contact
    Susan Jones
    Source: Cbre

    Listing Agent: Susan Jones

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

    Learn more

    Overview

    Prime Agricultural Land For Sale

    This 6-acre parcel is zoned A-1 Agricultural and features frontage on Route 360. The property also offers access to Compass Point Lane, leading to a signalized intersection on Route 360.
    Location Intelligence

    Current Use by Public Records

    Friendly Care Day ... Daycare Center Hanover Evangelical Friends Church Hanover Evangelical Friends ... Food Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsville
    County
    Hanover
    State
    Virginia
    Longitude
    -77.32598
    Latitude
    37.615063

    Nearby Similar for Sale

    • $875,000
      9,816 SF

      Mechanicsville Office Building For Sale

      Office building with upgrades, generator, storage, and ample parking.
      7309 Hanover Green Dr, Mechanicsville, VA 23111
      View Details
    • $499,000

      Mechanicsville Specialty Property For Sale

      Specialty property available in Mechanicsville, Virginia.
      10219 Waxcomb Pl, Mechanicsville, VA 23116
      View Details
    • Contact for pricing
      14,550 SF

      Mechanicsville Retail Property For Sale

      Retail property with long-term lease and extension options.
      7039 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • $599,000
      2,588 SF

      Mechanicsville Commercial Property Investment

      Two Buildings, 1.84 Acres, High Visibility
      10370 Chamberlayne Rd, Mechanicsville, VA 23116
      View Details
    • $315,000
      1,204 SF

      Mechanicsville Office Condo For Sale

      1204 sq ft, 3 offices, great location
      7489 Right Flank Rd, Mechanicsville, VA 23116
      View Details
    • $600,000
      1.83 Acres

      Mechanicsville Commercial Pad Site

      Prime 1.83-acre lot, B-1 zoned.
      8157 Old Cavalry Dr, Mechanicsville, VA 23111
      View Details
    • Contact for pricing
      1,685 SF

      Office with Garage and Storage

      Office space with garage and storage building near I-295.
      8133 Mechanicsville Tpke, Mechanicsville, VA 23111
      View Details
    • Contact for pricing
      3,653 SF

      Mechanicsville Office Space For Sale

      Office property in Mechanicsville, constructed in 2006, M-1 zoning.
      7489 Right Flank Rd, Mechanicsville, VA 23116
      View Details
    • $680,000
      3,080 SF

      Mechanicsville Commercial Property

      Prime 3,080 SF Commercial Building, 0.7 Acres
      10211 Chamberlayne Rd, Mechanicsville, VA 23116
      View Details
    • Contact for pricing
      3,250 SF

      Mechanicsville Office Building Investment

      16-Unit Medical Office Complex, 3250 SF
      7489 Right Flank Rd, Mechanicsville, VA 23116
      View Details
    • $299,950
      1,500 SF

      Mechanicsville Commercial Warehouse Space

      1500 sq ft Warehouse/Office - $299,950
      8169 Pine Ridge Rd, Mechanicsville, VA 23116
      View Details
    • Contact for pricing
      8,100 SF

      Medical Condo/Office For Sale

      8,100 SF medical condo/office in Bell Creek Square.
      7501 Right Flank Rd, Mechanicsville, VA 23116
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 6-acre agricultural parcel with frontage on Route 360.
    Where is this agricultural land / farmland located?
    The property is located at 6420 Mechanicsville Tpke Mechanicsville, VA.
    What are key features of this property?
    This property features: - 6 acre parcel ready for your vision.; - Frontage on Route 360 offers excellent visibility.; - Zoned A-1 Agricultural, explore the possibilities.
    Request Owner's contact information
    6420 Mechanicsville Tpke Mechanicsville, VA 23111
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6420 Mechanicsville Tpke
    Mechanicsville, VA 23111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    6420 Mechanicsville Tpke Mechanicsville, VA 23111
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Susan Jones
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!