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    Property profile & analytics

    22487 Lankford Hwy Cape Charles, VA 23310-2101

    • Drive through restaurants
    • 2.37 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Nov 26, 2024
    Location Intelligence
    Property ID
    US87-2794035
    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.

    Current Use by Public Records

    • Virginia ABC Store / Liquor Store

    Property Details for 22487 Lankford Hwy

    Year built
    1754
    Lot size
    2.37 lot acres
    Property type
    Drive through restaurants
    APN
    84-4-D
    APU
    844D

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cape Charles
    County
    Northampton
    State
    Virginia
    Longitude
    -75.9729
    Latitude
    37.2692

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,783
    $169,800
    $459,600
    $629,400
    -
    $169,800
    $459,600
    $629,400

    Comparable in this City

    • Value Estimation
      $265,000
      3.94 Acres

      22031 Lankford Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3.94 Acres
      22031 Lankford Hwy, Cape Charles, VA 23310-2501
      View Details
    • Value Estimation
      $370,000
      1.31 Acres

      22483 Lankford Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.31 Acres
      22483 Lankford Hwy, Cape Charles, VA 23310-2101
      View Details
    • Value Estimation by Request
      1.00 Acre

      241 Mason Ave

      RESTAURANT • 1.00 Acre
      241 Mason Ave, Cape Charles, VA 23310-3201
      View Details
    • Value Estimation
      $300,000
      1.00 Acre

      231 Mason Ave

      RESTAURANT • 1.00 Acre
      231 Mason Ave, Cape Charles, VA 23310
      View Details
    • Value Estimation
      $245,000
      1.00 Acre

      227 Mason Ave

      RESTAURANT • 1.00 Acre
      227 Mason Ave, Cape Charles, VA 23310-3201
      View Details
    • Value Estimation
      $760,000
      2,958 SF

      10 Peach St

      RESTAURANT • 2,958 SF
      10 Peach St, Cape Charles, VA 23310-3226
      View Details

    Similar Nearby for Sale

    • $314,000
      3,150 SF

      Restaurant-Ready Retail Space For Sale

      Retail space suitable for restaurant conversion near downtown Cape Charles.
      21229 S Bayside Rd, Cape Charles, VA 23310
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    • $289,000
      655 SF

      Commercial Property in Cape Charles

      Commercial property in the heart of Cape Charles, Virginia.
      300 #A Mason Ave, Cape Charles, VA 23310
      View Details
    • $625,000
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      Highway Frontage Commercial Opportunity

      Versatile commercial property with highway frontage near Cape Charles, VA.
      23120 Lankford Hwy, Cape Charles, VA 23310
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    • $325,000
      655 SF

      Prime Retail Space in Cape Charles

      Excellent visibility in the heart of Cape Charles' commercial district.
      300D Mason Ave, Cape Charles, VA 23310
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    • $280,000
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      Cheriton Commercial Building For Sale

      Commercial building in Cheriton, currently rented to retail businesses.
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    • $2,500,000
      8,196 SF

      Established Distillery in Boutique District

      Custom-built distillery with a 10-year NNN lease.
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      View Details
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    22487 Lankford Hwy
    Cape Charles, VA 23310-2101
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    Realmo Value Estimation

    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.

    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.

    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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