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Property profile & analytics
OFF-MARKET
Land

205 Jarratt Ave Jarratt, VA 23867

9,600 SF
Property ID
Property summary
AI-generated overview

This 9,600 square foot commercial land parcel at 205 Jarratt Ave., Jarratt, VA 23867, is offered at $394,900. The property currently features three leased commercial spaces on the lower level: one occupied by a nurse educator, one by a beauty/cosmetology school, and one serving as a community shelter. Upstairs, four one-bedroom apartments, each with a large living room, kitchen, and full bathroom, provide residential income. Two apartments are currently leased, with a waiting list for the remaining two. One additional commercial space is available, currently occupied by the on-site building manager. The property is being sold AS-IS. This mixed-use property offers immediate income generation, situated on a high-traffic road near I-95, presenting a strong investment opportunity. Consider this property for 1031 exchange funds. The property's location and existing tenant base provide a guaranteed income stream upon purchase.

Property profile
Verified
Property type Land
Total area 9,600 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
  • Push Faith House Charitable Organization Social Service Agency
  • ALW Healthcare Training Training Center
  • Jarrett Medical Center Medical Clinic
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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