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    7501 Lk Anna Pkwy Spotsylvania Courthouse, VA 22553

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    For Sale
    Contact for pricing

    15.53 Acres, Prime Location, VA

    Property Features for 7501 Lk Anna Pkwy

    General Information

    Property type
    Land
    Lot Size
    676,487 SF

    We can help!

    Listing Contact
    J.r. Burdette
    J.r. Burdette

    Listing Agency: Coldwell Banker Commercial Elite Listing Agent: J.r. Burdette

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 15.53-acre vacant land parcel presents a remarkable commercial development opportunity in Spotsylvania County, Virginia. Strategically located at the northeast corner of Lake Anna Parkway and Route 208-606, this property boasts significant frontage on a major thoroughfare, ensuring high visibility and accessibility. The site is situated at a signalized intersection, providing optimal traffic flow and exposure for any commercial venture. Its convenient location offers direct access to Mineral, Lake Anna, Spotsylvania Courthouse, and Interstate 95, making it an ideal location for businesses seeking regional reach. The property is also situated near Spotsylvania High School, adding to its appeal. The land is being offered for sale as approximately 15.53 acres, subject to final survey. A ground lease opportunity is also available. This prime location, combined with its size and accessibility, makes this property an exceptional investment for developers seeking a high-impact commercial development site in a rapidly growing area of Spotsylvania County. The asking price is $895,000. The zip code is 22553.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spotsylvania Courthouse
    County
    Spotsylvania
    State
    Virginia
    Longitude
    -77.6421577
    Latitude
    38.2597983

    Nearby Similar for Sale

    • $799,900
      1,300 SF

      Courthouse Road Office Building

      1,300 sq ft Office, 1.2 Acres
      5755 Courthouse Rd, Spotsylvania Courthouse, VA 22551
      View Details

    FAQs

    What type of property is this?
    Land - 15.53 Acres, Prime Location, VA
    Where is this land located?
    The property is located at 7501 Lk Anna Pkwy Spotsylvania Courthouse, VA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 15.53-acre vacant commercial land parcel in Spotsylvania County, VA.; High-visibility location at the signalized intersection of Lake Anna Parkway and Route 208-606.; Excellent access to Mineral, Lake Anna, Spotsylvania Courthouse, and I-95.
    (239) 293-4087 Call to check price and availability
    Request Owner's contact information
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    Spotsylvania Courthouse, VA 22553
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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.

    More about this property
    7501 Lk Anna Pkwy Spotsylvania Courthouse, VA 22553
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing J.r. Burdette
    J.r. Burdette
    (239) 293-4087 (540) 786-1402
    Learn more
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