Property profile

9800 Congress St New Market, VA 22844

OFF-MARKET
Commercial real estate
Property ID
US87-2023959
6,840 SF 0.8 ac lot Built 1940
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional turn-key opportunity presents a rare chance to acquire a well-established auto shop and retail business in New Market, Virginia. Located on S Congress St (Route 11), this property boasts 9,940 square feet of space situated on nearly two acres (1.95 acres) of commercially zoned land (B-1 Local). The property includes a fully equipped service shop with essential equipment such as car/mower lifts with jacks, a tire changer, a computer balancer, and a Bobcat forklift. Additional features include ample retail space, offices, and storage/parts rooms. The property also offers 11 parking spaces, ensuring convenience for customers and employees. With a loyal customer base extending up to a 100-mile radius, this business has served the Shenandoah Valley for over 25 years, offering a diverse range of services including sales, equipment repairs, commercial and consumer lawn equipment, auto repairs, and tire installation. The property's prime location on a main thoroughfare provides excellent visibility and accessibility, making it an ideal investment for continued growth within a thriving community. The asking price is $1,318,000. The APN is 103 A 104 & 104A.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 6,840 SF
Lot 0.8 ac (34,717 SF)
APN 103 A 104
UPID US87-2023959

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
  • (Bike/Boat/Book/etc) Store Garden Center

Location

9800 Congress St New Market, VA 22844-9625
New Market metro Census 40800
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

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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