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    7554 Somerset Crossing Dr Gainesville, VA 20155

    For Sale
    $4,000,000

    Prime VA location, 5+ acres, office development approved.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.494-acre commercial land parcel, located at 7554 Somerset Crossing Drive in Gainesville, Virginia (zip code 20155), presents a unique investment opportunity. Situated on a highly visible corner of Route 29 and Somerset Crossing Drive, this property boasts B-1 and O(L) zoning, allowing for a variety of commercial developments. Preliminary engineering is complete for a three-story, 46,200 square foot medical/office building, providing a solid foundation for immediate development. The land is already rough-graded, streamlining the construction process. Two convenient access points on Somerset Crossing Drive, at controlled intersections, ensure excellent accessibility. The strategic location benefits from easy access to both Route 29 and Route 15 via Somerset Crossing Drive, providing exceptional visibility and convenient access for potential tenants and employees. The asking price is $4,000,000, translating to approximately $728,067 per acre. This prime location and approved development plan make this a compelling investment opportunity in a rapidly growing area of Prince William County.

    Property Features for 7554 Somerset Crossing Dr

    General Information

    Property type
    Land
    Lot Size
    239,319 SF

    HighLights

    • 5.494‑acre commercial land parcel in Gainesville, VA
    • B‑1 and O(L) zoning
    • Excellent access to Route 29 and Route 15 via Somerset Crossing Drive
    • Proposed 46,200 SF, three‑story medical/office building
    • $4,000,000 asking price ($728,067 per acre)
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6312925
    Latitude
    38.7947058

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    FAQs

    What type of property is this?
    Land - Prime VA location, 5+ acres, office development approved.
    Where is this land located?
    The property is located at 7554 Somerset Crossing Dr Gainesville, VA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 5.494-acre commercial land parcel in Gainesville, VA; B-1 and O(L) zoning; Excellent access to Route 29 and Route 15 via Somerset Crossing Drive
    Request Owner's contact information
    7554 Somerset Crossing Dr Gainesville, VA 20155
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    Gainesville, VA 20155
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    Realmo Value Estimation

    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.

    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.

    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
    7554 Somerset Crossing Dr Gainesville, VA 20155
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