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    Iconic Restaurant on Route 13 Title is generated by Realmo AI

    6468 LANKFORD HWY, Nassawadox, VA 23413

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    For Sale
    $1,400,000

    COMMERCIAL - NASSAWADOX, VA

    Property size:
    4,286 SF
    Lot size:
    5.98 Acres
    Price / SF:
    $326/SF
    Added:
    Feb 6, 2026
    Days on Market:
    106
    Last Refresh:
    May 23 at 4:06 pm

    Property Features for 6468 LANKFORD HWY

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business
    Standard status
    Active
    APN
    15-A-174
    Size
    4,286 SF
    Lot size
    5.98 Acres

    Building Details

    Year built
    1989

    We can help!

    Listing Contact
    Sharon Daugherty
    Sharon Daugherty

    Listing agent Sharon Daugherty License ##RS-0038357

    Listing office Keller Williams of Delmarva 109 Mason Ave Suite F, Cape Charles, VA

    Listing date Feb 6, 2026

    MLS# 67823

    Copyright © 2026 Eastern Shore Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Iconic, long‑established restaurant and seafood retail business opportunity.
    • Exceptional visibility with approximately 400 feet of frontage on Route 13 and high traffic count (22,000 vehicles per day).
    • Large 5.98‑acre parcel with a 4,286 SF building and abundant parking.
    • Zoned Existing Business (EB) allowing for multiple commercial uses, expansion, or subdivision.
    • Strategic location between Cape Charles and Exmore, benefiting from both local and seasonal traffic.
    • Rare 'billboard you own' presence with frontage on two roads.

    Overview

    This commercial property, situated on approximately 5.98 acres, features a 4,286 square foot stand-alone building with ample on-site parking. The property currently houses the Great Machipongo Clam Shack, a long-established restaurant and seafood retail business. Located on Route 13, the site benefits from high visibility, with approximately 400 feet of frontage on Lankford Highway (US Route 13) and 483 feet on Hare Valley Drive. The Existing Business (EB) zoning allows for multiple commercial uses, as well as potential future expansion or subdivision into pad sites, subject to necessary approvals. The location benefits from an estimated 22,000 vehicles passing the site daily. Positioned between Cape Charles and Exmore, the property benefits from both year-round local and seasonal traffic. This property is suitable for conventional restaurants, general restaurants, grocery and convenience stores, and other retail and commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Gym & Fitness Center Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nassawadox
    County
    Northampton
    State
    Virginia
    Longitude
    -75.8565646
    Latitude
    37.4780525

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      Nassawadox Commercial Property For Sale

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    FAQs

    What type of property is this?
    Conventional restaurant - Long-established restaurant and seafood retail property on 5.98 acres.
    Where is this conventional restaurant located?
    The property is located at 6468 LANKFORD HWY Nassawadox, VA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Iconic, long‑established restaurant and seafood retail business opportunity.; Exceptional visibility with approximately 400 feet of frontage on Route 13 and high traffic count (22,000 vehicles per day).; Large 5.98‑acre parcel with a 4,286 SF building and abundant parking.
    (410) 430-4004
    We can help!
    Listing Contact
    Sharon Daugherty
    Sharon Daugherty
    Real Estate License ID: #RS-0038357
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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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    6468 LANKFORD HWY, NASSAWADOX, VA 23413
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