Property profile

848 Midland Trl Lexington, VA 24450

OFF-MARKET
Turn key restaurants
Property ID
US87-2536538
3,976 SF Built 1950
Individually Owned Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 3,976 SF
Zoning code R-1
APN 60A A 10
UPID US87-2536538

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
  • Auto Repair Shop
  • Gas Station

Location

848 Midland Trl Lexington, VA 24450-4009
Lexington metro Census 930200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

Zoning & alternative use

R-1 · Lexington, VA
Zoning description

General Residential District (R-1). This district is composed of certain moderate-density residential areas, plus certain open areas where similar development appears likely to occur. The regulations for this district ar…

General category RESIDENTIAL

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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