Property profile

5422 Mary Ball Rd Lancaster, VA 22503

OFF-MARKET
Retail space
Property ID
US87-2498030
5,280 SF Built 1962
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property in Lancaster, Virginia (Lancaster County; mailing address 5422 Mary Ball, Lancaster, VA 22503) comprises a commercial office building and a brick residential home sold together. The commercial building contains four office spaces, configured for use as offices, with three spaces currently in operation and leasing history on all three operating offices. Behind the commercial building is a brick home constructed in 1959 with 2 bedrooms and 2 full bathrooms and a total area of 1,768 square feet. Zoning consists of C1 for the commercial office building and its commercial use, and R3 for the brick home.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Total area 5,280 SF
Zoning code C1
APN 14A 4 30D
UPID US87-2498030

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
  • Construction Company General Contractor

Location

5422 Mary Ball Rd Lancaster, VA 22503-2630
Lancaster metro Census 30100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$648k
Blend (final) Blend
$285k

Owner & transaction history

Zoning & alternative use

C1 · Lancaster, VA
Top alternative use upside
Office building $680,000 +17.1%

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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