611 Mt Clinton Pike Harrisonburg, VA 22802-2549
Property profile & analytics
611 Mt Clinton Pike, Harrisonburg, VA 22802-2549
- Banks
- 2,275 SF
- 0.76 lot acres
Property ID
US87-2449976
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Faded tobacco and Vape / (Bike/Boat/Book/etc) Store
- BB&T ATM / Atm
Property Details for 611 Mt Clinton Pike
- Year built
- 1985
- Lot size
- 0.76 lot acres
- Zone code
- GENERAL BUSINESS
- Property type
- Banks
- APN
- 047 M 7
- APU
- 047M7
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,275 sq ft storefront in Harrisonburg, VA, currently leased to Faded Tobacco & Vape under an absolute NNN lease with 2.7 years remaining. The property boasts a strong 6.00% cap rate and a substantial NOI of $84,048, with built-in annual rent increases of 3%. Situated on a 0.76-acre lot with 16 parking spaces, the single-story building, constructed in 1995 and renovated in 2022, benefits from excellent visibility at a signalized, hard corner intersection with multiple access points and drive-thru capabilities. The tenant, operating since July 2022, enjoys a prime location just 1.5 miles from downtown Harrisonburg, across from East Mennonite University (958 students), and 1.9 miles from James Madison University (21,000 students). This location serves a robust trade area encompassing over 66,000 residents and 46,000 employees, boasting an average household income of $79,179. The below-market rent and long-term lease provide a secure and appreciating investment, offering a hedge against inflation. The property features a single tenant occupancy at 100% and is offered at an asking price of $1,400,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Harrisonburg
- County
- Harrisonburg City
- State
- Virginia
- Longitude
- -78.8718
- Latitude
- 38.4682
- CBSA code
- 25500
- CBSA name
- HARRISONBURG, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$5,469
$214,900
$392,800
$607,700
-
$214,900
$392,800
$607,700
