Property profile

- 0.91 Ac Waterlick Rd Forest, VA 24551

OFF-MARKET
Land
0.91 ac lot
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Property summary

AI-generated overview

This 0.91-acre commercial lot (Lot 3), located on Waterlick Road near the Thomas Jefferson Road intersection in Forest, Virginia (zip code 24551), presents a fantastic opportunity for various business ventures. The property boasts 130 feet of road frontage, ensuring excellent visibility and accessibility. Its C-1 zoning allows for a wide range of uses, including but not limited to office space, beauty salons, multi-family dwellings, counseling centers, churches, and daycare facilities. The land itself is well-situated and level, making development straightforward. Water access is available on-site. This is an exceptional opportunity for investors or entrepreneurs seeking a prime location in a growing area. Note that two additional adjoining lots (Lots 4 & 5) are also available for purchase, offering potential for larger-scale development or expansion. The asking price for this specific parcel (Lot 3) is $89,000. The property's coordinates are latitude 37.336252 and longitude -79.270353. Bedford County is the county location.

Property profile

Verified
Property type Land
Lot 0.91 ac (39,640 SF)

Cap rate & NOI

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

Location

- 0.91 Ac Waterlick Rd Forest, VA 24551
Forest 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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