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Property profile & analytics
OFF-MARKET
Land

0 Forge Rd Lexington, VA 24416

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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