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7114 Lankford Hwy 9,024 SF 100% Leased Office Building Nassawadox, VA 23413 $1,011,933 CAD ($112.14 CAD/SF) 7.37% 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
$1,011,933 CAD
Price Per SF
$112.14 CAD
Cap Rate
7.37%
NOI
$74,587 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)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Virginia Dept of Health
- Administrative and Support Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Virginia Dept of Health | Administrative and Support Services | - | - | - |
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 | $1,009,979 CAD |
| Land Assessment | $87,236 CAD | Total Assessment | $1,097,215 CAD |
Property Taxes
Parcel Number
21A2-7-A
Land Assessment
$87,236 CAD
Improvements Assessment
$1,009,979 CAD
Total Assessment
$1,097,215 CAD
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7114 Lankford Hwy
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