Automotive Property with Highway
New
For Sale
$1,299,000
6421 PATRIOT HIGHWAY, Spotsylvania, VA 22551
An operating used-car dealership occupies the existing commercial building in a C-3 zoning district.
Property Size2,802 SF
Lot Size0.48 Acres
Price / SF$463.60
Days on Market5
Property Features for 6421 PATRIOT HIGHWAY
General Information
Standard status
Active
Size
2,802 SF
Lot size
0.48 Acres
Property subtype
Commercial
Zoning
C-3
Site & Location
Road Frontage
78 ft
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Land Use
commercial
Automotive Uses
dealership/vehicle sales
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Spangler Real Estate
(888) 426-9580
Listed By:
Cheryl C Spangler · License #0225232523
(703) 216-1491
Source:
Cummingsrealtors
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 2:27PM
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 Spangler Real Estate
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Investment Insights
Based on property information with market context.
This automotive property includes a 2,802-square-foot commercial building on 0.48 acres. The structure dates to 1960 and currently houses Universal Auto Sales, a used-car dealership that has operated at this location for approximately 19 years. C-3 zoning allows a range of commercial uses, subject to county requirements and approvals.
The property fronts U.S. Route 1, also known as Patriot Highway, with approximately 78 feet along the road. Kalahari Resorts & Conventions is approximately one mile away, and I-95 Exit 118 is a short drive from the site.
The property fronts U.S. Route 1, also known as Patriot Highway, with approximately 78 feet along the road. Kalahari Resorts & Conventions is approximately one mile away, and I-95 Exit 118 is a short drive from the site.
Key Highlights
- 2,802‑square‑foot commercial building on 0.48 acres
- Approximately 78 feet of frontage on U.S. Route 1 (Patriot Highway)
- C‑3 zoning; commercial uses are subject to county requirements and approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,889
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,780
$797.8K
Cap Rate 7%
$569,843
$569.8K
Cap Rate 9%
$443,211
$443.2K
Market Conditions
NOI Build-Up for 2,802 SF
Gross rent
$58.5K $20.88/SF
− Vacancy
−$1.5K −$0.54/SF
EGI
$57.0K $20.34/SF
− OpEx
−$17.1K −$6.10/SF
NOI
$39.9K $14.24/SF
Area
Spotsylvania County, VA
Vacancy
2.60%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,780
Cap Rate 7%
$569,843
Cap Rate 9%
$443,211
Alternative Uses
Best Use
Retail
$569.8K
$498.6K – $664.8K
NOI $39,889 @ 7.0% cap · market cap 3.07%
Second Best
Industrial
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 1.40%
Theoretical Best
Office A
$878.3K
$768.5K – $1.02M
NOI $61,482 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22551, VA
21,236
Population
8,709
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
88%
High-School Grad
168.2 sq mi
ZIP Area
126
Density / Sq Mi
$106,497
Median Household Income
$52,844
Median Earnings
$1,356
Median Rent
$372,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Automotive property - An operating used-car dealership occupies the existing commercial building in a C-3 zoning district.
Where is this automotive property located?
The property is located at 6421 PATRIOT HIGHWAY Spotsylvania, VA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 2,802‑square‑foot commercial building on 0.48 acres; Approximately 78 feet of frontage on U.S. Route 1 (Patriot Highway); C‑3 zoning; commercial uses are subject to county requirements and approvals
