8889 Three Notch Rd 4,890 SF Industrial Building Troy, VA 22974 $1,100,000 ($224.95/SF) 5.36% Cap Rate
EXECUTIVE SUMMARY
4,890± SF Flex/Warehouse (1.35± acres)
100% leased to local established business
• Thru July 2027 – 2% annual rent esc.
• 3-year renewal option – 4.5% rent esc.
• Landlord pays taxes and insurance
• 2025 NOI – $59,000
3 Drive-In Doors (10' x 10')
3 Phase Power
Pole shed (76' x 24')
Fenced/paved lot with gated access from both Three Notch Road and Bybee Road
Zoned C2 (General Commercial)
1.6 miles to I-64
Price Reduction: $1,100,000
100% leased to local established business
• Thru July 2027 – 2% annual rent esc.
• 3-year renewal option – 4.5% rent esc.
• Landlord pays taxes and insurance
• 2025 NOI – $59,000
3 Drive-In Doors (10' x 10')
3 Phase Power
Pole shed (76' x 24')
Fenced/paved lot with gated access from both Three Notch Road and Bybee Road
Zoned C2 (General Commercial)
1.6 miles to I-64
Price Reduction: $1,100,000
PROPERTY FACTS
| Price | $1,100,000 |
| Price Per SF | $224.95 |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| Property Type | Industrial |
| Lot Size | 1.35 AC |
| Rentable Building Area | 4,890 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2021 |
| Tenancy | Single |
| Zoning | A2 |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Crossroads Antiques and Collectibles
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Crossroads Antiques and Collectibles | Retailer | - | - | - |
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PROPERTY TAXES
| Parcel Number | 52-2-3 | Improvements Assessment | $108,300 |
| Land Assessment | $117,500 | Total Assessment | $225,800 |
