4376 Lankford Hwy Exmore, VA 23350
- Office buildings
- 1.04 lot acres
Current Use by Public Records
- Office buildings
Property Details for 4376 Lankford Hwy
- Year built
- 2000
- Lot size
- 1.04 lot acres
- Property type
- Office buildings
- APN
- 10-3-A
- APU
- 103A
Description
This well-maintained, multi-tenant executive office building in Exmore, Virginia, presents a compelling investment opportunity or the perfect space for your business needs. Located on Lankford Highway (Rt. 13), the property boasts excellent visibility and convenient access. The 3,934 square foot building features three units: Unit 1 (1,594 sq ft), Unit 2 (1,460 sq ft), and Unit 3 (880 sq ft). Currently, two of the three units are leased, offering immediate income potential. The building includes ample parking (11 spaces) and significant attic storage. The property is equipped with heat pumps for heating and cooling, and features carpet, vinyl/asphalt/tile flooring. The roof is composition, and the building utilizes a well for water and a septic system for sewer. Floor plans and septic information are available upon request. The building was constructed in 2000 and is zoned for commercial use. This is a turnkey opportunity with strong potential for growth and return on investment. Don't miss this chance to acquire a prime commercial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $190,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $180,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $210,000
- Mixed-Use
- $205,000
- Hospitality
- $175,000
- Educational
- $165,000
- Residential Income
- $215,000
- Energy
- $200,000
- Income-Based Land
- $185,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Exmore
- County
- Northampton
- State
- Virginia
- Longitude
- -75.8331
- Latitude
- 37.5157