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    1202 Anchorage Cir Vansant, VA 24656

    Sponsored
    For Sale
    $2,500,000

    High-yield retail center, strong NOI.

    Property size:
    81,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 5-building, 81,440 square foot shopping center situated on a 5.8-acre lot in Vansant, Virginia (zip code 24656). Currently boasting 80% occupancy with 15 tenants, including Dollar General, this Class B property offers a compelling 6.33% cap rate and a substantial net operating income (NOI) of $158,256. The property features 350 parking spaces and is zoned for commercial use. Constructed in 1970, the buildings are primarily metal structures with metal roofs, requiring minimal maintenance. One large, 24,000 square foot freestanding building is currently vacant, presenting significant upside potential for additional income through lease or repurposing (e.g., climate-controlled self-storage). The existing tenants enjoy long-term leases, contributing to the property's stable financial performance. The property's location in Buchanan County, an area with limited retail options, ensures continued demand and strong tenant retention. The ample parking provides room for future expansion or development. This stabilized investment offers a rare chance to acquire a well-maintained, high-performing retail center in a desirable market. The asking price is $2,500,000.

    Property Features for 1202 Anchorage Cir

    General Information

    Property type
    Lifestyle centers
    Square Feet
    81,440 SF
    Class
    B
    Lot Size
    252,648 SF

    Building Details

    Year Built
    1970
    Buildings
    5
    Stories
    1

    HighLights

    • 5‑building, 81,440 SF shopping center on 5.8 acres in Vansant, VA (24656).
    • 80% occupancy with 15 tenants, including Dollar General.
    • 6.33% cap rate and $158,256 NOI.
    • 350 parking spaces; zoned commercial.
    • 24,000 SF vacant building offers significant upside potential for lease or repurposing (e.g., self‑storage).
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Clothing Store Accounting Firm Discount Store Laundry Service Italian Restaurant Toy Store Laundromat Kid Store Outlet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vansant
    County
    Buchanan
    State
    Virginia
    Longitude
    -82.071947835868
    Latitude
    37.238979641688

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    Nearby Similar for Sale

    • $2,590,000
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      Vansant Commercial Investment Opportunity

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      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail center, strong NOI.
    Where is this lifestyle center located?
    The property is located at 1202 Anchorage Cir Vansant, VA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 5-building, 81,440 SF shopping center on 5.8 acres in Vansant, VA (24656).; 80% occupancy with 15 tenants, including Dollar General.; 6.33% cap rate and $158,256 NOI.
    Request Owner's contact information
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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
    1202 Anchorage Cir Vansant, VA 24656
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