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    Berkshire Hathaway HomeServices RW Towne Realty

    1435 Crossways Blvd, Chesapeake, VA 23320
    (757) 690-0439
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    Size: 10+ agents

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    North Carolina

    Virginia

    Property Types

    • Land
    • Commercial Sale
    • Residential
    • Commercial Lease

    Listings

    For Sale (36)

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    167+ Acres in Waverly, VA
    $640,000
    167.52 Acres

    167+ Acres in Waverly, VA

    167.52 acres of land with extensive road frontage.

    4401 General Mahone Hwy, Waverly, VA 23890
    View details
    Glen Cove Wooded Flat Lot
    Contact for pricing
    0.29 Acres

    Glen Cove Wooded Flat Lot

    Residential land in Glen Cove subdivision with community boat ramp.

    104 Spindrift Trl, Elizabeth City, NC 27909
    View details
    Land Near Amazon Fulfillment Center
    $1,750,000

    Land Near Amazon Fulfillment Center

    Land with potential for development near Amazon and Oceana Naval Base.

    1700 Mayberry Dr, Virginia Beach, VA 23456
    View details
    Currituck Land For Sale
    $2,000,000
    43.00 Acres

    Currituck Land For Sale

    43-acre plot zoned for commercial and residential use.

    003 Caratoke Hwy, Currituck, NC 27929
    View details
    Land on Nansemond Parkway
    $30,000
    0.23 Acres

    Land on Nansemond Parkway

    Commercial land available in Suffolk, Virginia.

    23 Ac Nansemond Pkwy, Suffolk, VA 23434
    View details
    Residential Land in Jarvisburg, NC
    $115,000
    0.99 Acres

    Residential Land in Jarvisburg, NC

    Cleared and leveled residential land with waterfront access, no HOA.

    Howell Rd, Jarvisburg, NC 27947
    View details
    Residential Land in Jarvisburg, NC
    $115,000
    0.99 Acres

    Residential Land in Jarvisburg, NC

    Residential land available in Jarvisburg, North Carolina.

    Howell Rd, Jarvisburg, NC 27947
    View details
    168 Acres in Chesapeake, VA
    $2,000,000
    168.00 Acres

    168 Acres in Chesapeake, VA

    Residential land near Edinburgh shopping district, Chesapeake, VA.

    168 Ac St Brides Rd W, Chesapeake, VA 23322
    View details
    Spacious Lot in Tranquil Setting
    $539,900
    5.62 Acres

    Spacious Lot in Tranquil Setting

    5.6-acre lot in Pungo Ferry Landing, build your dream home.

    2092 Camden Ct, Virginia Beach, VA 23457
    View details
    Prime Commercial Land in Moyock
    $1,299,950
    24.16 Acres

    Prime Commercial Land in Moyock

    24.16-acre commercial development opportunity in high-growth Moyock, North Carolina.

    15+Ac Tulls Crk Rd, Moyock, NC 27958
    View details
    Residential Lot on Waterway
    $982,800
    12.29 Acres

    Residential Lot on Waterway

    Residential land in Chesapeake, perfect for building a home.

    1928 Moses Grandy Trl, Chesapeake, VA 23323
    View details
    Residential Land in Chesapeake, VA
    $3,537,900
    32.21 Acres

    Residential Land in Chesapeake, VA

    Residential acreage with city sewer and water ready to build.

    Lots Moses Grandy Par.b C D Trl, Chesapeake, VA 23323
    View details
    Partially Cleared Land, South Mills
    $129,900
    3.33 Acres

    Partially Cleared Land, South Mills

    3.33-acre lot with no deed restrictions in South Mills.

    220 Horseshoe Rd, South Mills, NC 27976
    View details
    Waverly Land with Development Potential
    $345,000
    23.54 Acres

    Waverly Land with Development Potential

    Land for sale in Waverly, VA with development potential.

    10A E Main St, Waverly, VA 23890
    View details
    Waterfront Land on Diascund Creek
    $139,000
    8.83 Acres

    Waterfront Land on Diascund Creek

    8.83 acres of waterfront land in Lanexa, Virginia.

    15507 Fort James Ct, Lanexa, VA 23089
    View details
    Oceanfront Lot in Virginia Beach
    $3,450,000
    0.17 Acres

    Oceanfront Lot in Virginia Beach

    Cleared oceanfront lot ready for construction in Virginia Beach.

    8600 Ocean Front Ave, Virginia Beach, VA 23451
    View details
    Commercial Lots Near Lake Gaston
    $350,000
    3.17 Acres

    Commercial Lots Near Lake Gaston

    3.17 acres of commercial land near Lake Gaston.

    6-9 Lizard Creek Rd, Littleton, NC 27850
    View details
    Waterfront Buildable Lot on Lynnhaven
    $598,000
    1.45 Acres

    Waterfront Buildable Lot on Lynnhaven

    1.45 acre waterfront lot approved for building in Virginia Beach.

    1.45Ac Bray Rd, Virginia Beach, VA 23452
    View details
    Suffolk Land with Road Frontage
    $2,200,000
    36.76 Acres

    Suffolk Land with Road Frontage

    36.76 acres with potential for commercial or industrial use.

    25+Ac Holland Rd, Suffolk, VA 23434
    View details
    Heavily Wooded Residential Land Parcel
    $600,000
    100.00 Acres

    Heavily Wooded Residential Land Parcel

    Over 100 acres of residential land in Chesapeake, VA.

    Taft Rd, Chesapeake, VA 23322
    View details
    Residential Land in Smithfield, VA
    $185,900
    3.32 Acres

    Residential Land in Smithfield, VA

    3.32 acre lot ready for your dream home.

    1314 Lawnes Neck Dr, Smithfield, VA 23430
    View details
    Commercial Land in Waverly, VA
    $60,000
    2.90 Acres

    Commercial Land in Waverly, VA

    Commercial land parcel in the heart of Waverly, Virginia.

    E Main St, Waverly, VA 23890
    View details
    Waverly Wooded Land Parcel
    $150,000
    19.60 Acres

    Waverly Wooded Land Parcel

    19.6 acre wooded tract in Waverly, Virginia.

    19ac Coppahaunk Ave, Waverly, VA 23890
    View details
    Secluded Wooded Lot in Toano
    $99,000
    3.12 Acres

    Secluded Wooded Lot in Toano

    3.12-acre lot with water views and community amenities.

    3352 Morning Mist Ln, Toano, VA 23168
    View details
    Chesapeake Land Opportunity
    $75,000
    0.13 Acres

    Chesapeake Land Opportunity

    Two B1-zoned lots in South Norfolk, Chesapeake.

    1427 Atlantic Ave, Chesapeake, VA 23324
    View details
    Portsmouth Multifamily Investment Opportunity
    $349,000
    3,134 SF

    Portsmouth Multifamily Investment Opportunity

    Multifamily property in Portsmouth's historic district, close to amenities.

    73 Webster Ave, Portsmouth, VA 23704
    View details
    Prime Land in Moyock, NC
    $3,180,900
    23.00 Acres

    Prime Land in Moyock, NC

    23 acres of general business zoned property in Moyock.

    15+Ac Caratoke Hwy, Moyock, NC 27958
    View details
    Suffolk, VA Land For Sale
    $33,000
    0.25 Acres

    Suffolk, VA Land For Sale

    Land for sale in Suffolk, Virginia.

    25AC Nansemond Pkwy, Suffolk, VA 23434
    View details
    165 Acres of Recreational Land
    $799,999
    165.08 Acres

    165 Acres of Recreational Land

    Versatile land with trails, ponds, cropland, and hunting potential.

    10445 Southampton Pkwy, Drewryville, VA 23844
    View details
    Residential Lot in Corapeake, NC
    Contact for pricing
    0.74 Acres

    Residential Lot in Corapeake, NC

    0.74-acre lot in Gates County, build your dream home!

    Brinkley Rd, Corapeake, NC 27926
    View details
    Commercial Land in Waverly, VA
    $550,000
    7.82 Acres

    Commercial Land in Waverly, VA

    7.8-acre commercial parcel with frontage on Route 460.

    28A863 S County Dr, Waverly, VA 23890
    View details
    Vacant Lot Near Crystal Lake
    $749,000
    0.18 Acres

    Vacant Lot Near Crystal Lake

    Vacant lot zoned for duplex with access to Crystal Lake.

    5609 Meer St, Virginia Beach, VA 23451
    View details
    Vacant Land in Siesta Gardens
    $49,999
    0.42 Acres

    Vacant Land in Siesta Gardens

    Wooded 0.418-acre lot backing to creek and school.

    5302 High St, Portsmouth, VA 23703
    View details
    Commercial Parcel in Waverly, VA
    Contact for pricing

    Commercial Parcel in Waverly, VA

    Commercial land parcel in the heart of Waverly, Virginia.

    E Main St, Waverly, VA 23890
    View details
    Prime Waverly Commercial Land
    $60,000
    2.90 Acres

    Prime Waverly Commercial Land

    2.9 Acres, B-1 Zoning, $60,000

    0 Main St, Waverly, VA 23890
    View details
    Commercial Land on Route 460
    Contact for pricing

    Commercial Land on Route 460

    7.82 +/- acre commercial property with frontage on Route 460.

    28 S County Dr, Waverly, VA 23890
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Berkshire Hathaway HomeServices RW Towne Realty
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