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Property profile & analytics
OFF-MARKET Estimated value $1,600,000
Commercial real estate

18688 Jeb Stuart Hwy Stuart, VA 24171-1559

10.08 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-3042166
Property summary
AI-generated overview

This ±63,074 square foot medical facility presents a unique investment opportunity. Situated on a ±10.08-acre lot in Stuart, Virginia, this two-story brick and block building boasts excellent highway frontage along Jeb Stuart Highway 58, a major transportation corridor. Previously operating as a 50-bed regional hospital for over 20 years, the property offers a variety of potential uses for medical enterprises. The building features an emergency room, exam and trauma rooms, radiology facilities, clinic/medical offices, and operating rooms. A large parking lot accommodates approximately 75 vehicles, including ambulance access. While vacant since 2017, minor furnishings, fixtures, and equipment remain. The property includes a fully equipped fire sprinkler system. The property's General Business (GB) zoning allows for diverse uses. Annual property taxes are $32,776.91. The location offers convenient access to major retail brands such as Walmart, Arby's, and Tractor Supply Co., all within a mile. The nearest hospital is approximately 30 minutes away. This property is being offered via auction. Further details and auction information are available online.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 10.08 ac (438,998 SF)
APN 4811.00.53
UPID US87-3042166
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Roberson Gary A MD Physician
  • Eugene J. Phillips, CRNA Physician
  • Milbourne L. Joye Jr, RD Physician
  • Reynolds RJ-Patrick County County Court
  • Nicholas Kipreos Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.60M
Owner & transaction history
Wold Of Wabash LLC · 2 yrs held
Wold Of Wabash LLC
since 2024
Last sale
$1.6M
3 recorded transactions
2024
$1.6M
2022
$2.1M
2017
$5.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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