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Property profile & analytics
OFF-MARKET
Office Spaces

18321 Parkway Melfa, VA 23410

11,658 SF 2.81 ac lot Built 1980
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied, 11,658-square-foot flex office and industrial property situated on a 2.81-acre lot in Melfa, Virginia. The property, located at 18321 Parkway, zip code 23410, within the Accomack County Airport Industrial Park, comprises three single-story buildings constructed in 1980 and extensively renovated in 2018. The property boasts a Class C rating and is zoned for light industrial use, offering significant potential for expansion. Currently operating under a triple-net lease (NNN) with a single tenant, this stabilized investment provides a secure and consistent income stream. The property's prime location offers convenient access to Route 13, and benefits from existing infrastructure including water, sewer, and broadband access. The Accomack County Airport Industrial Park provides a diverse business environment, including retail, manufacturing, and service companies. Proximity to Eastern Shore Community College and the Workforce Center further enhances the property's appeal. Potential investors should note the availability of incentives from Accomack County and the State of Virginia, along with additional free resources provided by the Virginia Employment Commission. The asking price for this fee-simple ownership is $550,000. This property represents a compelling investment opportunity in a thriving industrial park.

Property profile
Verified
Property type Office Spaces
Year built 1980
Total area 11,658 SF
Lot 2.81 ac (122,404 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
Current use
Occupant on record · Public records
  • Interad Limited Building Supply Electrical Service
  • Luminary Air Group Corporate Office
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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