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Property profile & analytics
OFF-MARKET
Commercial real estate

1787 Lockett Rd Rice, VA 23966

2,904 SF 1 ac lot Built 2020
Property ID
Property summary
AI-generated overview

This exceptional 2,904 square foot commercial building, constructed in 2020, is situated on a one-acre lot in the peaceful town of Rice, Virginia. Located beside a church used primarily for events, the property enjoys a tranquil and secluded setting, ideal for a variety of businesses. The building's recent use as a school highlights its suitability for office space, daycare centers, or other businesses requiring ample room. The interior features four large rooms, each with its own entrance, providing flexibility and privacy. Multiple-stall bathrooms are conveniently located for shared use. The building is equipped with a dual HVAC system ensuring comfortable climate control year-round, and abundant natural lighting creates a bright and welcoming atmosphere. Ample parking is available on-site, catering to both employees and clients. Furthermore, the property is fully handicap accessible, ensuring inclusivity and convenience. Priced below its tax assessment, this nearly 3,000 square foot building offers significant value, representing a cost-effective alternative to new construction. Showings are by appointment only.

Property profile
Verified
Property type Commercial real estate
Year built 2020
Total area 2,904 SF
Lot 1 ac (43,560 SF)
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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