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    Property profile & analytics

    11669 Lee Hwy Sperryville, VA 22740

    • Commercial real estate
    • 5,159 SF
    • 3.34 lot acres
    For Sale
    View listing
    $980,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-2394423
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Distinguished Engagements Catering and Events / Caterer

    Property Details for 11669 Lee Hwy

    Year built
    1975
    Lot size
    3.34 lot acres
    Property size
    5,159 SF
    Property type
    Commercial real estate
    APN
    37 36A
    APU
    3736A

    Description

    This exceptional 4,824 square foot mixed-use property, situated on a 3.33-acre lot at 11669 Lee Hwy in Sperryville, VA, presents a unique investment opportunity. Its strategic location within a thriving tourist area, attracting visitors for outdoor activities like camping, canoeing, and hiking, ensures high visibility and potential for substantial revenue generation. The building's ample space is ideal for a variety of businesses, including restaurants, with the capacity to seat 100 patrons (50 inside, 50 outside). All existing fixtures are included in the sale, reflecting a well-maintained and thoughtfully designed property ready for immediate use. The property's connection to a generator provides uninterrupted operation during power outages, ensuring business continuity. This versatile space offers numerous possibilities for entrepreneurs seeking to establish or expand their operations in a vibrant and growing community. The high volume of tourist traffic, combined with the property's size and features, makes this an attractive proposition for those seeking a profitable commercial venture in a picturesque setting. The asking price is $980,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $480,000
      Market price range: $481k - $963k
      AI Estimate
      $533,000
      Market price range: $405k - $1.01M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sperryville
    County
    Rappahannock
    State
    Virginia
    Longitude
    -78.2563
    Latitude
    38.6504
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,113
    $146,700
    $363,600
    $510,300
    -
    $146,700
    $363,600
    $510,300

    Comparable in this City

    • Value Estimation
      $435,000
      7,226 SF

      11771 Lee Hwyd

      COMMERCIAL (GENERAL) • 7,226 SF
      11771 Lee Hwyd, Sperryville, VA 22740-2125
      View Details
    • Value Estimation
      $285,000
      1,326 SF

      11945 Lee Hwy

      COMMERCIAL (GENERAL) • 1,326 SF
      11945 Lee Hwy, Sperryville, VA 22740-2129
      View Details
    • Value Estimation
      $335,000
      4,180 SF

      11914 Lee Hwy

      COMMERCIAL (GENERAL) • 4,180 SF
      11914 Lee Hwy, Sperryville, VA 22740-2128
      View Details
    • Value Estimation
      $320,000
      3,722 SF

      37 Main St

      COMMERCIAL (GENERAL) • 3,722 SF
      37 Main St, Sperryville, VA 22740-2169
      View Details
    • Value Estimation
      $270,000
      1,080 SF

      15 Main St

      COMMERCIAL (GENERAL) • 1,080 SF
      15 Main St, Sperryville, VA 22740-2169
      View Details
    • Value Estimation
      $275,000
      1.16 Acres

      Sperryville, VA 22740

      COMMERCIAL (GENERAL) • 1.16 Acres
      Sperryville, VA 22740
      View Details

    Similar Nearby for Sale

    • New
      $249,000
      3.64 Acres

      Wooded Lot Near Old Rag

      3.64 acre wooded lot suitable for recreation or building.
      Nethers Rd, Sperryville, VA 22740
      View Details
    • $949,000
      100.24 Acres

      Spectacular 100-Acre Sperryville Land

      Rare 100-acre parcel in Sperryville with meadow and timber.
      Slate Mills Rd, Sperryville, VA 22740
      View Details
    • $980,000
      4,824 SF

      Sperryville Mixed-Use Commercial Property

      Prime Location, High Tourist Traffic, 4,824 sq ft
      11669 Lee Hwy, Sperryville, VA 22740
      View Details
    • $980,000

      Specialty Property for Sale

      Specialty property available for purchase.
      3542 Slate Mills Rd, Sperryville, VA 22740
      View Details
    • $559,000
      1,260 SF

      Income-Generating Multi-Family Property

      Rare multi-family and commercial income opportunity in Rappahannock County.
      11947 Lee Hwy, Sperryville, VA 22740
      View Details
    • $550,000
      2,226 SF

      Sperryville Commercial Space

      Prime Location, High Traffic Area
      11763 Lee Hwy, Sperryville, VA 22740
      View Details
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    Sperryville, VA 22740
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    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
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