Property profile

11702 Spotswood Trl Elkton, VA 22827

OFF-MARKET
Other commercial real estate
Property ID
US87-2652414
1.06 ac lot Built 2013
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This retail and service-oriented property consists of approximately 3,650 square feet of developed space on a 1.59-acre site along Route 33 in Elkton, Virginia. The complex includes multiple buildings with mixed vintage and construction dates: a historic 1942 brewery structure, modern retail shops built in 2013 with covered porches, and a 1,404-square-foot warehouse facility constructed in 2015 equipped with three roll-up doors. The site is configured with paved parking and decorative signage, and it provides public water and sewer service. The overall arrangement supports a multi-tenant retail use with a mix of food service, coffee/quick-service, craft beverage, and retail spaces, along with provisions for food truck operations. Additional development potential is present on excess land, and the property’s commercial positioning near the Massanutten Four Seasons Resort main entrance places it within an area influenced by tourism traffic and nearby Shenandoah National Park access.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2013
Lot 1.06 ac (46,217 SF)
Zoning code GENERAL BUSINESS DIST
APN 129-(6)- L2
UPID US87-2652414

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Restaurant
  • Restaurant
  • Grocery & Convenience Store Specialty Food Shop
  • Restaurant

Location

11702 Spotswood Trl Elkton, VA 22827-3237
Elkton metro Census 10301 HARRISONBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2023
Last sale
$545,000
3 recorded transactions
2023
Price N/A
2018
$825,000
2011
$475,000

Zoning & alternative use

GENERAL BUSINESS DIST · Elkton, 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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