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    Century 21 Nachman Realty

    5103 George Wash Mem Hwy, White Marsh, VA
    (757) 833-8400
    Web Site
    Size: 10+ agents

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    • Land
    • Commercial Lease
    • Commercial Sale

    Listings

    For Sale (23)

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    Norfolk Multifamily Property For Sale
    $358,000
    2,146 SF

    Norfolk Multifamily Property For Sale

    Multifamily property in Norfolk, VA with income potential.

    873 Norview Ave, Norfolk, VA 23513
    View details
    Toano, VA Land For Sale
    $825,000
    12.25 Acres

    Toano, VA Land For Sale

    12.25 acre lot suitable for building or agriculture.

    2845 Chickahominy Rd, Toano, VA 23168
    View details
    Hartfield, VA Land Opportunity
    Contact for pricing
    0.31 Acres

    Hartfield, VA Land Opportunity

    Residential lot in Point Anne Subdivision with river access.

    307ac Point Anne Dr, Hartfield, VA 23071
    View details
    Hartfield, VA Land Opportunity
    Contact for pricing
    0.28 Acres

    Hartfield, VA Land Opportunity

    Residential lot in Point Anne Subdivision with river access.

    277ac Point Anne Dr, Hartfield, VA 23071
    View details
    Surry, VA Land Opportunity
    $246,900
    28.20 Acres

    Surry, VA Land Opportunity

    Almost 30 acres, partially wooded, great for agricultural uses.

    42-14 Chippokes Farm Rd, Surry, VA 23883
    View details
    Expansive Land Near Historic Downtown
    $235,000
    19.42 Acres

    Expansive Land Near Historic Downtown

    19.4 acres near downtown Mathews, suitable for residential or commercial.

    19.42 Ac Main St, Mathews, VA 23109
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    Water Access Residential Lot
    Contact for pricing
    0.28 Acres

    Water Access Residential Lot

    Residential lot with water access and community amenities.

    277ac Point Anne Dr, Hartfield, VA 23071
    View details
    Hartfield, VA Land Opportunity
    Contact for pricing
    0.31 Acres

    Hartfield, VA Land Opportunity

    Residential lot in Point Anne Subdivision with river access.

    0.307Ac Pt Anne, Hartfield, VA 23071
    View details
    Toano, VA Buildable Acreage
    $825,000
    11.30 Acres

    Toano, VA Buildable Acreage

    Approximately 11.3 acres of buildable land in Toano, VA.

    6875 Cranstons Mill Pond Rd, Toano, VA 23168
    View details
    Residential Lot in Newport News
    Contact for pricing
    0.09 Acres

    Residential Lot in Newport News

    Level residential lot, ready for your next home or project.

    1310 30Th St, Newport News, VA 23607
    View details
    Waterfront Lot in Urbanna, VA
    $299,000
    0.86 Acres

    Waterfront Lot in Urbanna, VA

    0.86 acre waterfront lot with creek views and amenities.

    Way Molly's, Urbanna, VA 23175
    View details
    Water Access Land in Hartfield
    Contact for pricing
    0.34 Acres

    Water Access Land in Hartfield

    Residential land with water access and boat ramp to Piankatank River.

    0.34 Acre Pt Anne, Hartfield, VA 23071
    View details
    Residential Lot in Claremont, VA
    Contact for pricing
    1.00 Acre

    Residential Lot in Claremont, VA

    One-acre residential lot in a quiet, rural setting.

    1 Acre Mansion Ave, Claremont, VA 23899
    View details
    Suffolk, VA Vacant Lot
    $49,999
    0.14 Acres

    Suffolk, VA Vacant Lot

    Vacant lot with residential/commercial potential in Suffolk, Virginia.

    E Washington St, Suffolk, VA 23434
    View details
    Water Access Land in Hartfield
    Contact for pricing
    0.34 Acres

    Water Access Land in Hartfield

    Residential land with water access to the Piankatank River.

    0.34Ac Pt Anne, Hartfield, VA 23071
    View details
    Residential Lot in Claremont, VA
    Contact for pricing
    1.00 Acre

    Residential Lot in Claremont, VA

    One-acre residential lot in a quiet, rural setting.

    1.0 Acre Mansion Ave, Claremont, VA 23899
    View details
    Suffolk, VA Land For Sale
    $200,000
    0.40 Acres

    Suffolk, VA Land For Sale

    0.40 acres of land near Centerpoint Intermodal Truck Terminal.

    40-AC Holland Rd, Suffolk, VA 23434
    View details
    Suffolk, VA Industrial Land
    $3,100,000
    45.76 Acres

    Suffolk, VA Industrial Land

    45.76 acres near Centerpoint Intermodal Truck Terminal.

    3240 Holland Rd, Suffolk, VA 23434
    View details
    Suffolk, VA Land For Sale
    $200,000
    0.40 Acres

    Suffolk, VA Land For Sale

    0.40 acre land parcel in Suffolk, Virginia.

    40-AC Holland Rd, Suffolk, VA 23434
    View details
    Suffolk, VA Land Opportunity
    $1,381,600
    17.27 Acres

    Suffolk, VA Land Opportunity

    17.27 acres near Centerpoint Intermodal Truck Terminal in Suffolk, VA.

    3316 Holland Rd, Suffolk, VA 23434
    View details
    Suffolk, VA Land Opportunity
    $250,000
    0.50 Acres

    Suffolk, VA Land Opportunity

    0.50 AC land near Centerpoint Intermodal Truck Terminal.

    3320 Holland Rd, Suffolk, VA 23434
    View details
    Hampton Office Space For Sale
    $420,000
    3,000 SF

    Hampton Office Space For Sale

    3000 sqft office space suitable for medical practice.

    2200 Executive Dr, Hampton, VA 23666
    View details
    Industrial Land Near Truck Terminal
    Contact for pricing
    1,023 SF

    Industrial Land Near Truck Terminal

    17.27 acres near Centerpoint Intermodal Truck Terminal.

    3316 Holland Rd, Suffolk, VA 23434
    View details

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    Century 21 Nachman Realty
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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
    Century 21 Nachman Realty
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