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7114 Lankford Hwy 9,024 SF 100% Leased Office Building Nassawadox, VA 23413 $775,000 ($85.88/SF) 6.90% Cap Rate
Investment Highlights
- 40-year government tenant
- May 2025 appraisal: $825,000
- New 5-year lease as of April 2025
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.
• 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.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,024 SF
Building Class
B
Year Built
1984
Price
$775,000
Price Per SF
$85.88
Cap Rate
6.90%
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
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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
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7114 Lankford Hwy
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