398 Wythe Crk Rd, Poquoson, VA 23662-1965
- Commercial real estate
- 8,075 SF
- 1.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 398 Wythe Crk Rd
- Year built
- 1994
- Lot size
- 1.00 lot acres
- Zone code
- BUSINESS
- Property type
- Commercial real estate
- APN
- 27-08-00-000A-1
- APU
- 270800000A1
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 4, 2025 | $799,999 | Tait Terrace LLC | David Attai | Bargain & Sale Deed | — |
| Jan 12, 2021 | $772,500 | David Attai | Patriot Properties 757 LLC | Warranty Deed | — |
| Oct 14, 2020 | — | Patriot Properties 757 LLC | John W Sanns | Gift Deed · related | — |
| Jan 3, 2018 | $795,000 | John W Sanns | Southeastern Virginia Properties Ll | Warranty Deed | $596k · Townebank |
| Feb 7, 2017 | $886,100 | Southeastern Virginia Properties Ll | Laurel Park LLC | Warranty Deed | — |
Description
This exceptional investment opportunity presents a single-tenant, net-leased retail property occupied by an Advance Auto Parts store located at 398 Wythe Creek Rd, Poquoson, VA 23662. The 8,075 square foot building, constructed in 1994 and renovated in 2017, sits on a single story and is zoned B2 - General Business. The property boasts a strong financial profile, with an asking price of $849,000, a cap rate of 7.39%, and a current NOI of $62,742. The lease is a double net (NN) lease with a current remaining term of approximately 0.1 years, but importantly, it has been recently renewed with a rent increase and includes two five-year renewal options, extending the lease to December 31, 2027. This provides significant long-term stability and predictable cash flow for the investor. The property's price per square foot is $105.14. This is a 1031 exchange eligible property, making it an attractive option for investors seeking tax-deferred exchanges. The property's location in Poquoson, Virginia, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-performing, established retail asset with a secure tenant and a compelling financial outlook. The property is a sound investment for those seeking a stable, high-yield return.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $945,000
- ML approach
- $925,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $702,000
Market price range: $446k - $1.51M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Poquoson
- County
- Poquoson City
- State
- Virginia
- Longitude
- -76.3917
- Latitude
- 37.1203
- CBSA code
- 47260
- CBSA name
- VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
