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7114 Lankford Hwy 9,024 SF 100% Leased Office Building Nassawadox, VA 23413 $1,081,280 CAD ($119.82 CAD/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
$1,081,280 CAD
Price Per SF
$119.82 CAD
Cap Rate
6.90%
NOI
$74,557 CAD
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
1 1
PROPERTY TAXES
| Parcel Number | 21A2-7-A | Improvements Assessment | $1,011,962 CAD |
| Land Assessment | $87,407 CAD | Total Assessment | $1,099,369 CAD |
PROPERTY TAXES
Parcel Number
21A2-7-A
Land Assessment
$87,407 CAD
Improvements Assessment
$1,011,962 CAD
Total Assessment
$1,099,369 CAD
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7114 Lankford Hwy
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