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    OFF-MARKET
    Land

    0 Northpointe, Lexington, VA 24450

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    Property summary
    AI-generated overview

    Northpointe presents a remarkable 58-acre commercial land opportunity in Lexington, Virginia. Strategically located at I-81 Exit 195, at the intersection of I-81/I-64 and US Route 11, this B-1 zoned property boasts exceptional visibility and accessibility, with an average daily traffic count of 54,800 vehicles on adjacent roads. Public utilities including water, sewer, electricity, fiber/broadband, and natural gas are readily available, simplifying development. Existing infrastructure includes an engineered road, soil erosion control, and a retention pond. The site is ideal for a mixed-use project, accommodating hotels, restaurants, service stations, travel centers, RV parks, and convenience stores. Its proximity to downtown Lexington (minutes away), Roanoke (45-minute drive), three universities, the Virginia Horse Center, Natural Bridge State Park, and numerous tourist attractions ensures high demand. Nearby established businesses such as ExxonMobil, several hotels, and a future Circle K further highlight the site's potential. Flexible owner financing options are available. This is one of the region's largest commercial development opportunities, offering scenic views of Lexington.

    Property profile
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    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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