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Property profile & analytics

8157 Old Cavalry Dr Mechanicsville, VA 23111

  • Commercial real estate
  • 1.83 lot acres
Value Estimation
Last Sale
Feb 14, 2022
$525,000
Location Intelligence
Property ID
US87-3716615
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

  • Commercial real estate

Property Details for 8157 Old Cavalry Dr

Lot size
1.83 lot acres
Zone code
B-1
Property type
Commercial real estate
APN
8725-73-2090
APU
8725732090

Description

This exceptional 1.83-acre commercial lot in Mechanicsville, VA, presents a remarkable opportunity. Located at 8157 Old Cavalry Drive, this property boasts a B-1 zoning designation and has already received Hanover County Planning Commission approval for a 14,400 square foot, free-standing, single-story building. Significant site improvements are already in place, saving considerable time and money for the future owner. These include 101 paved parking spaces, concrete curbs and gutters, and readily available utilities. Specifically, 1-inch and 2-inch public water tap connections are on-site, along with sewer access. Natural gas is conveniently available via Virginia Natural Gas Company on Mechanicsville Turnpike. A comprehensive stormwater management system is fully operational, complete with a prepaid VSMP permit (#DCR01-090-100089). The attractive, level lot is ready for immediate development. Detailed engineering drawings and site plans, prepared by Bay Design Group, are available upon request, providing a significant head start on the construction process. This property offers a unique blend of convenience, pre-approved plans, and substantial infrastructure, making it an ideal investment for a variety of commercial ventures. Priced at $600,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $635,000
  • CAP approach

    CAP return
    Estimation
    6%
    $595,000
    6.5%
    $595,000
    7%
    $525,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $500,000
    Geo Method
    $565,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $505,000
    Retail
    $555,000
    Mixed-Use
    $535,000
    Hospitality
    $560,000
    Educational
    $495,000
    Residential Income
    $605,000
    Energy
    $480,000
    Income-Based Land
    $600,000
    Food Service
    $525,000

Location Insight

  • Map
  • Local Demand
City
Mechanicsville
County
Hanover
State
Virginia
Longitude
-77.3109
Latitude
37.6242
CBSA code
40060
CBSA name
RICHMOND, VA 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
2024
$3,386
$418,000
$0.00
$418,000
-
$418,000
$0.00
$418,000
More about this property
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