Bank-Turned Commercial
16186 Beaverdam School Rd Beaverdam, VA 23015
16186 Beaverdam School Rd, Beaverdam, VA, 23015
$450,000
For Sale
$450,000
Corner-lot commercial building with reinforced concrete construction and an existing bank vault and safe.
Property Size2,261 SF
Lot Size0.71 Acres
Price / SF$199.03
Days on Market13
Property Features for 16186 Beaverdam School Rd
General Information
- Standard status
- Active
- Size
- 2,261 SF
- Lot size
- 0.71 Acres
Listing agency
Hometown Realty
(804) 774-5683
Listed by
Chris Zaldivar
(804) 774-5683
Source
Exprealty
Added: Jul 9 Updated: Jul 21 at 4:04AM Checked: Jul 21 at 4:04AM
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 Hometown Realty
Investment Insights
Based on property information with market context.
Originally built as a bank and updated for current use, this distinctive commercial property retains the original bank vault and safe, creating a one-of-a-kind interior feature. The building is constructed with reinforced concrete walls, floors, and ceilings designed for durability.
The property sits on a prominent corner lot and is positioned along a well-traveled route to Lake Anna, supporting steady daily visibility. The site totals approximately 0.71 acres, and the building is listed at approximately 2,261 square feet.
Zoned B-3 General Business, the property allows for a wide variety of commercial uses, including professional offices, retail, service businesses, storage, and warehouse space, among other options.
The property sits on a prominent corner lot and is positioned along a well-traveled route to Lake Anna, supporting steady daily visibility. The site totals approximately 0.71 acres, and the building is listed at approximately 2,261 square feet.
Zoned B-3 General Business, the property allows for a wide variety of commercial uses, including professional offices, retail, service businesses, storage, and warehouse space, among other options.
Key Highlights
- Corner‑lot commercial property on a 0.71‑acre lot with an approximately 2,261 SF building
- Original bank vault and safe remain on‑site
- Reinforced concrete walls, floors, and ceilings provide durable construction
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $18.00 |
| − Vacancy | −$1.8k | −$0.77 |
| EGI | $38.9k | $17.23 |
| − OpEx | −$9.7k | −$4.31 |
| NOI | $29.2k | $12.92 |
2,261 SF · lease $18.00/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$601.5K
$526.3K – $701.7K
NOI $42,104 @ 7.0% cap · market cap 9.36%
Second Best
Specialty Retail
$417.3K
$365.1K – $486.9K
NOI $29,211 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$680.8K
$595.7K – $794.3K
NOI $47,656 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Corner-lot commercial building with reinforced concrete construction and an existing bank vault and safe.
Where is this bank located?
The property is located at 16186 Beaverdam School Rd Beaverdam, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Corner‑lot commercial property on a 0.71‑acre lot with an approximately 2,261 SF building; Original bank vault and safe remain on‑site; Reinforced concrete walls, floors, and ceilings provide durable construction
