Log In/Sign Up
Your email has been sent.
7114 Lankford Hwy 9,024 SF 100% Leased Office Building Nassawadox, VA 23413 $749,000 ($83.00/SF) 7.13% Cap Rate
Investment Highlights
- 40-year government tenant
- May 2025 appraisal: $825,000
- New 5-year lease as of April 2025
- Excellent 1031 exchange property
Executive Summary
• Prime investment property.
• Tenant is state's health department. Building was built and periodically updated for this 40-year tenant.
• New five-year lease signed in April 2025.
• Appraised May 2025 at $825,000.
• High visibility; Highway frontage
• Exam rooms, testing lab, records, etc.
• 1031 exchange
• Tenant is state's health department. Building was built and periodically updated for this 40-year tenant.
• New five-year lease signed in April 2025.
• Appraised May 2025 at $825,000.
• High visibility; Highway frontage
• Exam rooms, testing lab, records, etc.
• 1031 exchange
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,024 SF
Building Class
B
Year Built
1984
Price
$749,000
Price Per SF
$83.00
Cap Rate
7.13%
NOI
$53,438
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
9,024 SF
Building FAR
0.08
Lot Size
2.75 AC
Zoning
Commercial - Commercial
Parking
70 Spaces (7.76 Spaces per 1,000 SF Leased)
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 21A2-7-A | Improvements Assessment | $723,600 |
| Land Assessment | $62,500 | Total Assessment | $786,100 |
Property Taxes
Parcel Number
21A2-7-A
Land Assessment
$62,500
Improvements Assessment
$723,600
Total Assessment
$786,100
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
7114 Lankford Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.