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Property profile & analytics
FOR SALE
Commercial real estate

7367 Lee Hwy Troutville, VA 24175

1.44 ac lot
Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-1683468
Property summary
AI-generated overview

This exceptional commercial property in Troutville, VA, presents a unique investment opportunity. Located at 7367 Lee Highway, this single-story building boasts 4,937 square feet of space situated on a 1.44-acre lot. The property benefits from an impressive 500 feet of road frontage, ensuring high visibility and easy accessibility for customers. Ample parking is available. The property's previous use as a truck stop and gas station is reflected in its existing infrastructure, including four operational gas pumps with up-to-date underground tanks (10,000-gallon, 6,000-gallon, 4,000-gallon, and 2,000-gallon capacities) and a state-of-the-art monitoring system compliant with EDQ standards. The building itself is constructed with a durable wood frame and vinyl exterior. Recent improvements include a new hot water tank and a recently pumped septic system. Heating is provided by oil, and cooling by an AC system. Two water wells provide a reliable water supply. The layout offers considerable flexibility, making it suitable for a variety of retail or service businesses, including but not limited to a gas station, restaurant, convenience store, ice cream shop, or bait and tackle shop. Priced below tax assessment, this high-traffic property offers incredible potential for a savvy investor. The property's location and existing infrastructure make it an attractive proposition for entrepreneurs seeking a turnkey operation or a blank canvas for their business vision.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.44 ac (62,726 SF)
Zoning code B-2
APN 89-90
UPID US87-1683468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Abdel Rouf N Rasoul · 12 yrs held
Abdel Rouf N Rasoul
since 2013
1 recorded transaction
2013
$145,600
Zoning & alternative use
B-2 · Troutville, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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