9142 Lankford Hwy Nassawadox, VA 23413
This exceptional 31-acre investment opportunity in Nassawadox, Virginia, presents a unique blend of retail, self-storage, and mobile home park uses. Located at 9142 Lankford Hwy, 23413, this property offers significant upside potential. The 3,464 square foot main building currently houses a garden shop, providing immediate income. The property also includes 48 self-storage units and over 38 mobile home sites, generating substantial rental income. Built in 1950, the property consists of 40 buildings on a single story, with 11 parking spaces. The permitted zoning is for a mobile home park, allowing for future expansion or redevelopment. The property boasts prime highway frontage, ensuring high visibility and accessibility. An on-site office facilitates efficient management. This is a value-add opportunity with below-market rents, promising immediate income growth and increased net operating income (NOI). The strong tenant base and long-term leases provide stability and security. This property is priced at $1,750,000 and offers a compelling return on investment. Don't miss this chance to acquire a versatile and profitable asset in a high-growth market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.