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7114 Lankford Hwy 9,024 SF 100% Leased Office Building Nassawadox, VA 23413 $1,016,393 CAD ($112.63 CAD/SF) 7.13% 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
$1,016,393 CAD
Price Per SF
$112.63 CAD
Cap Rate
7.13%
NOI
$72,515 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 (7.76 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 21A2-7-A | Improvements Assessment | $989,617 CAD |
| Land Assessment | $85,477 CAD | Total Assessment | $1,075,094 CAD |
Property Taxes
Parcel Number
21A2-7-A
Land Assessment
$85,477 CAD
Improvements Assessment
$989,617 CAD
Total Assessment
$1,075,094 CAD
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7114 Lankford Hwy
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