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    Roy Wheeler Realty Company

    1100 Dryden Lane, Charlottesville, VA 22902
    (434) 951-5155
    Web Site
    Size: 10+ agents

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    Property Types

    • Residential Multi Family
    • Farm
    • Residential
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    For Sale (18)

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    Afton Property with Development Potential
    $479,000
    12.00 Acres

    Afton Property with Development Potential

    12-acre Afton property with multiple parcels and development opportunities.

    722 Greenfield Mountain Farm, Afton, VA 22920
    View details
    Charming Afton Property: Windhaven Cottages
    $995,000
    2,980 SF

    Charming Afton Property: Windhaven Cottages

    Unique Afton enclave with vacation-rental history in Nelson County's wine country.

    90 Windhaven Ln, Afton, VA 22920
    View details
    Fluvanna County Agricultural Opportunity
    $799,000
    43.88 Acres

    Fluvanna County Agricultural Opportunity

    Two tracts totaling 43.88 acres, ideal for homesite/farm.

    Tbd Martin Ln, Palmyra, VA 22963
    View details
    Waterfront Land on Miles Creek
    $425,000
    10.23 Acres

    Waterfront Land on Miles Creek

    10+ acre waterfront parcel with easy access to Mobjack Bay.

    Tbd Pecan Ln, Cardinal, VA 23025
    View details
    Approved Development Lots in Waynesboro
    $500,000
    2.35 Acres

    Approved Development Lots in Waynesboro

    24-lot development opportunity in Waynesboro, convenient location.

    Tbd White Brg Rd, Waynesboro, VA 22980
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    RUCKERSVILLE, VA Building Lots
    $284,500
    8.06 Acres

    RUCKERSVILLE, VA Building Lots

    8.06 acre building parcel in Northern Albemarle County.

    Tbd Frays Ml Rd, Ruckersville, VA 22968
    View details
    56.49 Acre Hardwood Parcel
    $425,000
    56.49 Acres

    56.49 Acre Hardwood Parcel

    56.49 acre hardwood parcel located north of Charlottesville.

    PASS Tbd Stony Pt, Keswick, VA 22947
    View details
    Madison County Farm and Estate
    $3,400,000
    2,760 SF

    Madison County Farm and Estate

    115 acre farm property in Madison County, Virginia.

    3111 S Seminole Trl, Madison, VA 22727
    View details
    Residential Building Lots in Crozet
    $195,000
    0.64 Acres

    Residential Building Lots in Crozet

    Unimproved building parcel in Waylands Grant subdivision, Crozet, Virginia.

    Tbd Edmond Dr, Crozet, VA 22932
    View details
    Residential Lot in Silver Creek
    $95,000
    0.24 Acres

    Residential Lot in Silver Creek

    Residential lot for sale in established Silver Creek subdivision.

    2509 Belvue Rd, Waynesboro, VA 22980
    View details
    Equestrian Estate in Shenandoah Mountains
    $2,950,000
    3,600 SF

    Equestrian Estate in Shenandoah Mountains

    111-acre equestrian estate with mountain views and farm functionality.

    665 Newport Rd, Spottswood, VA 24476
    View details
    10-Acre Greene County Land Parcel
    $300,000
    10.68 Acres

    10-Acre Greene County Land Parcel

    10-acre parcel in Greene County with building sites and views.

    Narrows Way, Ruckersville, VA 22968
    View details
    RUCKERSVILLE, VA Buildable Lot
    $189,500
    2.20 Acres

    RUCKERSVILLE, VA Buildable Lot

    2-acre level lot with well, near Charlottesville.

    Millhouse Dr, Ruckersville, VA 22968
    View details
    Mountain Getaway Building Lots
    $178,000
    22.79 Acres

    Mountain Getaway Building Lots

    22.79 acres of woodland with cleared homesite and mountain views.

    13630 Crabtree Falls Hwy, Tyro, VA 22976
    View details
    Auto Service Facility For Sale
    $1,100,000

    Auto Service Facility For Sale

    Fully equipped auto service facility with thriving business and land.

    5965 Memorial Dr, Stone Mountain, GA 30083
    View details
    Afton Property with Development Potential
    $479,000

    Afton Property with Development Potential

    Unique Afton property with multiple parcels and development opportunities.

    722 Greenfield Mountain Farm, Afton, VA 22920
    View details
    23 Acres Mountain Getaway Land
    $178,000

    23 Acres Mountain Getaway Land

    23 acres of woodland near Crabtree Falls and Montebello.

    13630 Crabtree Falls Hwy, Tyro, VA 22976
    View details
    Wooded Lot on Buffalo River
    $170,000

    Wooded Lot on Buffalo River

    Wooded lot with bluff overlooking Buffalo River.

    00 Chapman Rd, Stanardsville, VA 22973
    View details

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    Roy Wheeler Realty Company
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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
    Roy Wheeler Realty Company
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