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3649 Willow St Chincoteague, VA 23336

Commercial real estate Google Maps
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$475k
Range $428k – $523k (±10%)
Property ID US87-2795258

Property summary

AI-generated overview

Investment opportunity in Chincoteague, VA! This 7,200 square foot executive office building, situated on a 0.52-acre lot at 3649 Willow St, is priced at $550,000 ($76.39/sq ft). Built in 1940, the property features 11 parking spaces and a handicap ramp. The building is a block structure with two customer bathrooms and an alternative septic system installed in 2007. The property is being sold "as-is," and requires a new roof and other repairs at the buyer's expense. Currently, a tenant operates a bowling alley business (not included in the sale) and may be interested in a two-year leaseback or a separate sale of their business and equipment. The property offers versatile potential for multiple retail stores, consignment shops, or office space. All measurements and details are approximate

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 030A5A000059500
UPID US87-2795258

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
  • Bowling Alley

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$475k

Owner & transaction history

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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