Property profile

9142 Lankford Hwy Nassawadox, VA 23413

OFF-MARKET
Retail properties & Spaces
3,464 SF 31 ac lot Built 1950
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Total area 3,464 SF
Lot 31 ac (1,350,360 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9142 Lankford Hwy Nassawadox, VA 23413
Nassawadox metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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