0 Forge Rd Lexington, VA 24416
This exceptional 5-acre commercial land parcel presents a rare investment opportunity in Rockbridge County, Virginia. Strategically located on Forge Rd between Buena Vista and Lexington, this property boasts unparalleled visibility due to its placement at a high-traffic intersection with an existing traffic signal. Its proximity to I-81 Exit 188A ensures easy access for customers and employees. The site is ideally suited for a variety of developments, including hotels, retail spaces, or mixed-use projects. The area's strong demand generators include Southern Virginia University, Washington and Lee University, the Virginia Military Institute, and the Virginia Horse Center, guaranteeing a substantial customer base. Nearby established businesses such as Food Lion and CVS further enhance the property's appeal and demonstrate the area's commercial viability. Approved access points and readily available public utilities simplify the development process, minimizing upfront costs and expediting project timelines. This is an irreplaceable opportunity to acquire a highly visible and strategically located commercial property in a thriving region of Virginia. The asking price for this exceptional parcel is $595,000. The property is zoned for business use.
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.