Financial
Distress signals
Property profile

23 Washington St Lexington, VA 24450

OFF-MARKET
Other investment properties
Property ID
US87-2506632
1,960 SF 0.05 ac lot Built 1950
Last sale Mar 2026 · $560,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A significantly renovated, two-level commercial building located in historic Lexington on a commercial block near Washington and Lee University and Virginia Military Institute. The property sits on a 0.05-acre lot and contains 1,960 square feet. It has undergone substantial system upgrades, including two HVAC systems, a commercial-grade fire suppression system, and a replaced roof. The building is in commercial zoning, supporting a range of business uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$201k
Assessed land$87k
Assessed improvement$114k

Value estimate

· Sep 2026
$350k
$315k – $385k
AI approach$350k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$150/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$93 – $232

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C1
JurisdictionLEXINGTON CITY

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand index
Nail Salon9.5
Smoke and Vape Shop9.0
Locksmith8.8

Location

23 Washington St Lexington, VA 24450-2120
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16 Washington, Lexington, VA 24450-2121 $432,000 Nov 2024 2,632 SF
13 Nelson, Lexington, VA 24450-2033 $75,000 Oct 2024 1,968 SF
119 Nelson, Lexington, VA 24450-2064 $310,000 Jan 2024 3,528 SF
11 Randolph, Lexington, VA 24450-2526 $270,000 Dec 2022 1,686 SF
202 Randolph, Lexington, VA 24450-2331 $400,000 Jul 2022 2,847 SF
9 Randolph, Lexington, VA 24450-2507 $175,000 May 2022 1,150 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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