Technical
Financial
Distress signals
Property profile

0 Forge Rd Lexington, VA 24416

OFF-MARKET
Land
Saved · see the list in your Dashboard

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

Location

Forge Rd Lexington, VA 24416
Lexington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Forge Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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