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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7260 Main St Gloucester, VA 23061

    • Commercial real estate
    • 2.05 lot acres
    For Sale
    View listing
    $459,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1608024
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7260 Main St

    Year built
    1780
    Lot size
    2.05 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.05-acre property at 7260 Main Street in Gloucester, VA, presents a prime business opportunity. Located on a bustling section of Main Street, this site offers maximum visibility to capture the attention of locals and visitors. The existing building boasts vintage architectural details, original hardwood floors, intricate moldings, and grand ceilings, creating a unique and charming atmosphere. The property's historic character blends seamlessly with its potential for modern development. Whether you envision restoring the existing structure to its former glory or constructing a new building, this location provides a blank canvas for your entrepreneurial vision. The property is ideally suited for a variety of uses, including retail, office space, a cafГ©, tavern, or boutique. Ample parking and easy access ensure a convenient experience for customers and employees. This is a chance to become an integral part of Gloucester County's vibrant community and contribute to the dynamic landscape of Main Street. The asking price is $459,000. Seize this opportunity to create a thriving business in a highly visible and desirable location. The property's size and location offer significant investment potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    GLOUCESTER COUNTY
    State
    Virginia
    Longitude
    -76.52042
    Latitude
    37.40034

    Comparable in this City

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    • $229,900
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      Gloucester Commercial Land - Hwy Frontage

      High-traffic location, vacant B-1 zoned land.
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    • $350,000
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      Gloucester Commercial Building - Hwy 17

      High-Visibility Office Building, 1вЃ„2 Acre Lot
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      3.19 Acres

      Gloucester Business Park Lots

      Prime VA development sites, shovel-ready.
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    • $699,500
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      Historic Gloucester Commercial Property

      Landmark Restaurant, High Visibility, .87 Acres
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    Similar Nearby for Sale

    • $699,500
      0.87 Acres

      Historic Gloucester Commercial Property

      Landmark Restaurant, High Visibility, .87 Acres
      6870 Main St, Gloucester, VA 23061
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    • $229,900
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      Gloucester Commercial Land - Hwy Frontage

      High-traffic location, vacant B-1 zoned land.
      Grn Rd, Gloucester, VA 23061
      View Details
    • $350,000
      0.52 Acres

      Gloucester Commercial Building - Hwy 17

      High-Visibility Office Building, 1вЃ„2 Acre Lot
      7002 George Washington Memorial Hwy, Gloucester, VA 23061
      View Details
    • Contact for pricing
      3.19 Acres

      Gloucester Business Park Lots

      Prime VA development sites, shovel-ready.
      6400 Canon Way, Pinero, VA 23061
      View Details
    • $1,400,000
      4.92 Acres

      Prime Gloucester Commercial Land

      4.9 Acres, Hwy 17 Frontage, High Traffic
      00 Moose Dr, Gloucester, VA 23061
      View Details
    • Contact for pricing
      2.13 Acres

      6420 Enterprise Ct, Gloucester, VA 23061

      Commercial real estate • 2.13 Acres
      6420 Enterprise Ct, Gloucester, VA 23061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      74,774 SF

      Gloucester Retail Center - For Lease

      High-traffic retail space, ample parking.
      6569 Market Dr, Gloucester, VA 23061
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    • $17 SF/Yr
      16,000 SF

      EDGEHILL TOWN CENTER: Gloucester Office Space

      Prime Gloucester Office, 16,000 SF Available
      6738 Main St, Gloucester, VA 23061
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    • $15 SF/Yr
      2,124 SF

      Retail Space in Gloucester, VA

      Retail space available for lease in Gloucester, Virginia.
      2323 George Washington Memorial Hwy, Gloucester, VA 23061
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    • $10 SF/Yr
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      Gloucester Office Space For Rent

      7,300 square feet of office space available for lease.
      7639 Crab Thicket Rd, Gloucester, VA 23061
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    • Contact for pricing

      Corner Parcel Near New Development

      Corner parcel near planned development and high school.
      6726 George Washington Memorial Hwy, Gloucester, VA 23061
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    • Contact for pricing
      773 SF

      Gloucester Medical Office Space

      Prime Medical Office Suite, 452 sq ft.
      5659 Parkway Dr, Gloucester, VA 23061
      View Details
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    7260 Main St
    Gloucester, VA 23061
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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