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Financial
Distress signals
Property profile

869 Lee Hwy Lexington, VA 24450

OFF-MARKET
Commercial real estate
Property ID
US87-2613746
1,592 SF 0.8 ac lot Built 1997
Last sale Sep 2021 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 1,600 square foot building, situated on a 0.8-acre lot in Lexington, Virginia, presents a unique opportunity for lease. Previously a bank branch, this property features a three-lane drive-thru and is zoned B-1 (General Business District), allowing for a variety of uses including retail, restaurants, offices, and auto services. The building, constructed in 1997, is currently vacant and offers the chance to renovate or build to suit. Located on N. Lee Highway, a four-lane divided highway,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$573k
Assessed land$418k
Assessed improvement$155k

Value estimate

· Oct 2026
$740k
$666k – $814k
AI approach$780k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$150/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$93 – $232

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-1
JurisdictionROCKBRIDGE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency10.6
Building Supply9.8
Electrical Service9.3

Location

869 Lee Hwy Lexington, VA 24450-3725
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2218 Lee, Lexington, VA 24450-3330 $310,000 Dec 2025 1,230 SF
1464 Blue Grass, Lexington, VA 24450-6924 $427,000 Aug 2024 2,880 SF
2460 Lee, Lexington, VA 24450-3328 $797,600 Jun 2022 3,620 SF
729 Lee, Lexington, VA 24450 $340,000 Apr 2022 1,476 SF
710 Lee, Lexington, VA 24450 $22,500 Sep 2021 3,260 SF
1263 Lee, Lexington, VA 24450-3307 $1,942,500 Sep 2020 1,950 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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