Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    750 Rte 39 & Rte Lexington, VA 24450
    Back to Search
    Property profile & analytics

    750 Rte 39 & Rte Lexington, VA 24450

    View on Map
    • Land
    • 7.36 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 750 Rte 39 & Rte

    Lot size
    7.36 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 7.358-acre property presents a unique investment opportunity in Lexington, Virginia. Strategically located at the intersection of Route 39 and Route 750, at 422 Maury River Road, this land boasts a highly desirable B-1 zoning classification, permitting a wide range of commercial, industrial, and residential developments. Its proximity to the Virginia Horse Center, a major attraction drawing approximately 600,000 visitors annually, offers significant potential for businesses catering to tourism and equestrian activities. The property's size and zoning flexibility allow for diverse development options, including retail spaces, multifamily housing, or even a hotel. The seller is open to financing options and will consider joint ventures. The property is being offered for sale by owner at $1,200,000. This is a rare chance to acquire a substantial parcel of land in a thriving area with exceptional visibility and access. Don't miss this opportunity to capitalize on the high traffic and strong potential of this prime location. The property's address is 422 Maury River Road, Lexington, VA 24450.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Rockbridge
    State
    Virginia
    Longitude
    -79.423
    Latitude
    37.8066

    Comparable in this City

    • Value Estimation by Request
      12.50 Acres

      592 Valley Pike

      Land • 12.50 Acres
      592 Valley Pike, Lexington, VA 24450
      View Details
    • Value Estimation by Request
      7.16 Acres

      Whistle Crk Rd

      Land • 7.16 Acres
      0 Whistle Crk Rd, Lexington, VA 24450
      View Details
    • Value Estimation by Request

      Northpointe

      Land
      0 Northpointe, Lexington, VA 24450
      View Details
    • Value Estimation by Request
      0.46 Acres

      650 Lee Hwy

      Land • 0.46 Acres
      650 Lee Hwy, Lexington, VA 24450
      View Details
    • Value Estimation by Request
      8.21 Acres

      8.21 Collierstown Rd

      Land • 8.21 Acres
      0 8.21 Collierstown Rd, Lexington, VA 24450
      View Details
    • Value Estimation by Request
      0.57 Acres

      35 Pinehurst Dr

      Land • 0.57 Acres
      35 Pinehurst Dr, Lexington, VA 24450
      View Details

    Similar Nearby for Sale

    • $499,900
      110.77 Acres

      Land in Shenandoah Valley

      Large parcel of land in Collier Hills with hunting cabin.
      Smith Holw Rd, Lexington, VA 24450
      View Details
    • $439,900
      1,800 SF

      Lexington Duplex Near Downtown

      Duplex in Lexington, walking distance to downtown, investment opportunity.
      220 S Main St, Lexington, VA 24450
      View Details
    • $95,000
      4.52 Acres

      Residential Land in Buckland

      4.5 acre residential building lot in Lexington, Virginia.
      Tbd Buckland Dr, Lexington, VA 24450
      View Details
    • Contact for pricing
      0.36 Acres

      Residential Lot in Rivermont Heights

      Residential building lot with winter mountain views available for sale.
      7 Pathfinder Dr, Lexington, VA 24450
      View Details
    • $37,000
      1.44 Acres

      Residential Land Near Maury River

      Three residential building lots totaling 1.44 acres near Maury River.
      7-8-9 Cresthill Dr, Lexington, VA 24450
      View Details
    • $30,000
      4.11 Acres

      4.11 Acres in Kerrs Creek

      4.11 acres of natural beauty near Lexington, Virginia.
      Tbd Still House Dr, Lexington, VA 24450
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,561 SF

      Retail Space Near Universities

      High-visibility retail space near universities and I-81.
      100 Walker St, Lexington, VA 24450
      View Details
    • Contact for pricing
      2,450 SF

      Lexington Retail Space For Lease

      2,450 SF former restaurant space in Walmart-anchored center.
      1211-1231 N Lee Hwy, Lexington, VA 24450
      View Details
    • Contact for pricing
      3,000 SF

      Lexington Office Space For Rent

      Two-building office space on Chessie Trail near Maury River.
      142 Old Buena Vista Rd, Lexington, VA 24450
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 2,538 square feet.
      531 E Nelson St, Lexington, VA 24450
      View Details
    • Contact for pricing

      Lexington Shopping Mall Retail Space

      Retail space available in Stonewall Square Shopping Mall, Lexington.
      78 E Midland Trl, Lexington, VA 24450
      View Details
    • Contact for pricing
      7,764 SF

      Lexington Office Space Sublease Opportunity

      11,757 SF office space available for sublease in Lexington.
      539 East Nelson St, Lexington, VA 24450
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    750 Rte 39 & Rte
    Lexington, VA 24450
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    750 Rte 39 & Rte, Lexington, VA, 24450
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!