Property profile

108 Church Ln Tappahannock, VA 22560

OFF-MARKET
Industrial properties
Property ID
US87-3296826
1,894 SF 0.34 ac lot Built 1800
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 108 S Church Lane in Tappahannock, Virginia, presents a unique investment opportunity. The 1,893 square foot building, classified as commercial, industrial, and residential, offers significant potential for a variety of uses. Originally constructed in 1983 and completely rebuilt from the studs that year, the structure boasts a two-story layout with three to four bedrooms and three full bathrooms. Its past use as a rental property speaks to its inherent income-generating capabilities. Situated on a lot with no acreage, the building enjoys high visibility and accessibility due to its prime location on Route 17. While some interior updating is recommended to maximize its value, this property represents a strong investment for those seeking a hands-on project with substantial return potential. The building's versatile zoning allows for a range of commercial and residential applications, making it an attractive option for both seasoned investors and first-time buyers. The asking price of $240,000 reflects the property's current condition and the significant upside potential after renovations. This is a chance to acquire a well-located property in a growing area, ready for its next chapter.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1800
Total area 1,894 SF
Lot 0.34 ac (14,985 SF)
Zoning code CC1
APN 32B 14 L 7
UPID US87-3296826

Cap rate & NOI

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

Location

108 Church Ln Tappahannock, VA 22560
Tappahannock metro Census 950700
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

CC1 · Tappahannock, VA

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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