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    1875 New Bridge Rd Mineral, VA 23117

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    1875 New Bridge Rd Mineral, VA 23117

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    • Mixed-use properties
    • 7,500 SF
    • 1.00 lot acres
    For Sale
    $3,600,000
    View Listing →
    Lake Anna Mixed-Use Commercial Property For Sale
    $3,600,000
    7,500 SF

    Lake Anna Mixed-Use Commercial Property

    7,500 SF Building, 1 Acre, Prime Location

    1875 New Bridge Rd, Mineral, VA 23117
    View Listing
    Property ID
    US87-2022117
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lake gaston mobile soda and sandblasting / Renovation Specialist / General Contractor
    • Xtensive Body And Paint / Auto Repair Shop

    Property Details for 1875 New Bridge Rd

    Year built
    2017
    Lot size
    1.00 lot acres
    Property size
    7,500 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 7,500 square foot mixed-use building presents a prime business opportunity in Mineral, VA. Situated on a one-acre C-2 zoned lot with excellent main road access off Route 208, this property boasts a strategic location near Lake Anna and its marina. The building, less than seven years old, offers a versatile layout ideal for a variety of commercial uses. Over 5,000 square feet of warehouse/workspace features reinforced concrete floors, 22-foot ceilings, four truck bays, a car lift, and LED lighting. The remaining 1,800+ square feet comprises finished office space, including a reception area, multiple offices, and a full owner's suite upstairs. Additional amenities include two bathrooms, ample storage, a 36 x 12-foot pole barn, and extensive parking. The property benefits from a robust 400-amp electrical service and durable LVP and tile flooring throughout. Currently operating as an auto body shop, this adaptable space is easily converted to accommodate various businesses, including warehousing, trucking operations, or expanded office space. Its proximity to the thriving Lake Anna area ensures strong potential for growth and return on investment. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a rapidly developing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mineral
    County
    Louisa
    State
    Virginia
    Longitude
    -77.84763
    Latitude
    38.08482

    Comparable in this City

    • $1,875,000

      Commercial Land with High Visibility

      Land in Lake Anna Growth Zone with C2 zoning.
      5326 Zachary Taylor Hwy, Mineral, VA 23117
      View Details
    • $119,900
      1.96 Acres

      Lake Anna Water-Access Lot

      Rare 2-acre lot with approved septic and lake access.
      15506 Heth Dr, Mineral, VA 23117
      View Details
    • $139,900
      3.59 Acres

      Lake Anna Building Lot

      3.59-acre lake access lot in The Waters community.
      Traveller Lot 171 St, Mineral, VA 23117
      View Details
    • $400,000

      Lake Anna Waterfront Lot

      Waterfront lot in Elk Creek Landing with lake views.
      102 Fairview Dr, Mineral, VA 23117
      View Details
    • $275,000

      Rose Valley Waterfront Lot

      Shared waterfront lot with boat slip in Rose Valley.
      5402 Spinnaker Way, Mineral, VA 23117
      View Details
    View Listing
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    1875 New Bridge Rd
    Mineral, VA 23117
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1875 New Bridge Rd, Mineral, VA, 23117

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