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Property profile & analytics
FOR SALE
Retail space

24 North Main St Kilmarnock, VA 22482

0.06 ac lot Built 1965
Entity Owned Free & Clear
Property ID
US87-2972034
Property summary
AI-generated overview

This stabilized, owner-occupant opportunity presents a 4,620-square-foot storefront located at 24 N Main St, Kilmarnock, VA 22482. The property, built in 1965, boasts a two-story building on a 0.056-acre lot and is zoned C-1. Currently operating at 100% occupancy, this single-unit retail space offers excellent visibility on Main Street, a key location in the thriving Northern Neck region. Convenient on-street parking is available, supplemented by a nearby parking lot. Kilmarnock's central location provides easy access to shopping, dining, and the area's waterways, beaches, and the Tides Inn, ensuring consistent foot traffic and a strong year-round customer base. The asking price is $495,000, translating to $107.14 per square foot. This property is ideal for both owner-occupants seeking a prime retail location and investors looking for a stable, high-performing asset. The APN is 23A-23-16. P & J Properties Inc. is the current owner.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Lot 0.06 ac (2,439 SF)
Zoning code C1
APN 23A 23 16
UPID US87-2972034
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
  • Ultimate Interiors Inc Interior Design Home Decor Store
  • Rivah Interiors Home Decor Store Department Store
  • Thomasson George Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
P & J PROPERTIES INC
P & J PROPERTIES INC
Zoning & alternative use
C1 · Kilmarnock, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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