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    Flex Office Warehouse with Loading Title is generated by Realmo AI

    1468 Lake Road, Lottsburg, VA 22511

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    A like-new 2020 metal building with office space and two grade-level doors for efficient logistics and operations.

    Type:Industrial, Land, Business for Sale, Office
    Property size:
    16,000 SF
    Price / SF:
    $49/SF
    Added:
    Apr 1, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 6 at 4:49 am

    Property Features for 1468 Lake Road

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Property subtype
    Industrial, Land, Business for Sale, Office

    Building Details

    Year Built
    2020

    We can help!

    Listing Contact
    Steve Jones
    Steve Jones

    Listing agent Steve Jones License #VA

    Listing office Middle Bay Realty

    Listing date Apr 1, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Middle Bay Realty

    HighLights

    • 2020‑built, like‑new 16,000 SF metal building designed for office and warehouse/industrial use
    • Level parcel with easy, direct access to Rt 360 (main intrastate highway)
    • Loading setup includes 2 grade‑level garage doors
    • 480V 3‑phase electrical, reinforced concrete floors, and heated/cooled interior
    • Extremely tall ceilings and custom lighting, plus ample parking inside and out
    • Includes an office space component within the combined office‑and‑warehouse layout

    Overview

    1468 Lake Road is a like-new, metal-constructed building built in 2020 offering a functional blend of office and warehouse/industrial space. The property is situated on a level parcel and includes reinforced concrete floors and extremely tall ceilings to support a range of operational needs. Practical loading is supported by two grade-level garage doors, and the building includes custom lighting plus efficient heated/cooled, well-insulated interior space.

    The site is positioned with easy, direct access to Rt 360, described as a main intrastate highway, supporting regional connectivity for business operations. The property also provides ample parking both inside and outside the building.

    This configuration is well suited for an owner-user looking to combine office and warehouse functions under one roof, or for an investor seeking a versatile industrial asset within established Northern Neck of VA surroundings. With 480 Volts, 3-phase electrical service noted on-site, reinforced floors, and straightforward loading capability, the space is practical for tenants that need reliable day-to-day throughput and flexible space planning.
    Location Intelligence

    Current Use by Public Records

    Bolt's Saw Services ... Building Supply

    Map

    City
    Lottsburg
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.4945429
    Latitude
    37.966106

    Nearby Similar for Sale

    • $799,000
      16,000 SF

      Like-New Warehouse/Industrial Opportunity

      16,000 SF warehouse/industrial building in Lottsburg, VA.
      1468 Lake Road, LOTTSBURG, VA 22511
      View Details
    • $799,000
      16,000 SF

      Like-New Warehouse/Industrial Space For Sale

      16,000 sq ft warehouse/industrial space in Lottsburg, VA
      1468 Lake Road, LOTTSBURG, VA 22511
      View Details

    FAQs

    What type of property is this?
    Flex space - A like-new 2020 metal building with office space and two grade-level doors for efficient logistics and operations.
    Where is this flex space located?
    The property is located at 1468 Lake Road Lottsburg, VA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 2020‑built, like‑new 16,000 SF metal building designed for office and warehouse/industrial use; Level parcel with easy, direct access to Rt 360 (main intrastate highway); Loading setup includes 2 grade‑level garage doors
    (804) 761-2024 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Jones
    Steve Jones
    Real Estate License ID: VA
    Learn More
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    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.

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