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

    14203 Lee Hwy Gainesville, VA 20155

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    2.1 acre B-1 zoned land with exceptional visibility.

    Lot size:
    2.10 Acres

    Property Features for 14203 Lee Hwy

    General Information

    Standard status
    Active
    Lot size
    2.10 Acres

    We can help!

    Listing Contact
    Edward B Wright Iii
    Edward B Wright Iii
    Source: Corcoran

    Listing Agency: WRIGHT REALTY, INC. Listing Agent: Edward B Wright Iii

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

    Learn more

    Overview

    Prime Commercial Land on Lee Highway

    This 2.1-acre property, zoned B-1, offers outstanding location, value, and flexibility with exceptional visibility on Lee Highway. Situated near I-66 and in the heart of Gainesville's commercial district, it is offered for sale at an unbeatable price. Ideal uses include urgent care, medical offices, a child-care facility, hotel, retail, a veterinary hospital, restaurant, and an assisted living facility. The neighboring lots are also for sale, expanding the potential for up to a 3-5 acre B-1 assemblage. The seller will consider extra time for obtaining special use permits for additional allowed usage, including a self-storage center, commercial parking, and motor vehicle repair. $100,000 of water and sewer tap fees, equivalent to a 1.5-inch waterline, is paid for and conveys with the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6141527
    Latitude
    38.7952708

    Nearby Similar for Sale

    • $350,000
      1,875 SF

      bb.q Chicken Restaurant For Sale

      Franchise restaurant opportunity in a high-visibility location.
      13841 Heathcote Blvd, Gainesville, VA 20155
      View Details
    • $800,000

      Retail, Industrial, Flex Space Available

      Premier shopping destination with retail, industrial, and flex space.
      7481 Limestone Dr, Gainesville, VA 20155
      View Details
    • $625,000

      Gainesville Specialty Property for Sale

      Specialty property available in Gainesville, Virginia.
      6872 Witton Cir, Gainesville, VA 20155
      View Details
    • $835,000

      Gainesville Specialty Property For Sale

      Specialty property available for purchase in Gainesville, Virginia.
      6837 Rathbone Pl, Gainesville, VA 20155
      View Details
    • $749,000

      Gainesville Specialty Property For Sale

      Specialty property available for purchase in Gainesville, Virginia.
      6880 Saddle Run Way, Gainesville, VA 20155
      View Details
    • $575,000

      Specialty Property for Sale

      Specialty property available for purchase.
      7002 Manahoac Pl, Gainesville, VA 20155
      View Details
    • $988,000

      Gainesville Specialty Property for Sale

      Specialty property available in Gainesville, Virginia.
      8605 Ellis Ford Pl, Gainesville, VA 20155
      View Details
    • $835,000

      Gainesville Specialty Property For Sale

      Specialty property available for purchase in Gainesville, Virginia.
      6135 Ferrier Ct, Gainesville, VA 20155
      View Details
    • $725,000

      Specialty Property For Sale

      Specialty property available for purchase.
      13879 Crabtree Way, Gainesville, VA 20155
      View Details
    • $625,000

      Spacious Home in 55+ Community

      Corner lot home with walk-out basement in active adult community.
      6920 Netherstone Ct, Gainesville, VA 20155
      View Details
    • $575,000

      FOWLERS MILL Dr, Gainesville, VA

      Specialty property for sale in Gainesville, VA.
      14395 Fowlers Mill Dr, Gainesville, VA 20155
      View Details
    • $540,000

      Specialty Property for Sale

      Specialty property available for purchase.
      14431 Colonel Wood Rd, Gainesville, VA 20155
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.1 acre B-1 zoned land with exceptional visibility.
    Where is this commercial land located?
    The property is located at 14203 Lee Hwy Gainesville, VA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - 2. 1 acre property zoned B-1 with exceptional visibility on Lee Highway, near I-66.; - Offered for sale at an unbeatable price or as pad sites for lease.; - Ideal for urgent care, medical offices, child-care facility, hotel, retail and more.
    (703) 368-8136
    Request Owner's contact information
    14203 Lee Hwy Gainesville, VA 20155
    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.
    14203 Lee Hwy
    Gainesville, VA 20155
    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
    14203 Lee Hwy Gainesville, VA 20155
    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
    Edward B Wright Iii
    Edward B Wright Iii
    Real Estate License ID: 0225039100
    (703) 368-8136 (703) 282-2372
    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!