Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    Shaheen, Ruth, Martin & Fonville

    420 N Ridge Road, Richmond, VA 23229
    (804) 288-2100
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family

    Listings

    For Sale (13)

    View map
    Land in Holly Hills, Williamsburg
    $165,000
    1.11 Acres

    Land in Holly Hills, Williamsburg

    One-acre lot in desirable Holly Hills neighborhood, Williamsburg, Virginia.

    108 Pipe Kiln Ct, Williamsburg, VA 23185
    View details
    Hanover, VA Land For Sale
    $875,000
    86.50 Acres

    Hanover, VA Land For Sale

    86.5 acre land parcel available in Hanover, Virginia.

    King William Rd, Hanover, VA 23069
    View details
    Waterfront Land on Morattico Creek
    $650,000
    6.86 Acres

    Waterfront Land on Morattico Creek

    6.86 acre waterfront lot on Morattico Creek.

    Indian Banks Rd, Farnham, VA 22460
    View details
    Waterfront Land on Yeocomico River
    $209,000
    1.19 Acres

    Waterfront Land on Yeocomico River

    Cleared waterfront property on Drum Point with river and bay access.

    Tyson Ln, Callao, VA 22432
    View details
    5 Acres Undeveloped Land, Henrico
    $92,500
    5.01 Acres

    5 Acres Undeveloped Land, Henrico

    5 acres of residentially zoned undeveloped land in Henrico, VA.

    3470 Britton Rd, Henrico, VA 23231
    View details
    Hanover, VA Land For Sale
    $1,750,000
    134.69 Acres

    Hanover, VA Land For Sale

    134.69 acre land parcel in Hanover, Virginia.

    King William Rd, Hanover, VA 23069
    View details
    Breathtaking 426-Acre Waterfront Parcel
    $2,195,000
    426.15 Acres

    Breathtaking 426-Acre Waterfront Parcel

    426-acre parcel with creek frontage, suitable for various uses.

    Pleasant Mt, Hague, VA 22488
    View details
    Waterfront Land on Sarah's Creek
    $895,000
    2.90 Acres

    Waterfront Land on Sarah's Creek

    2.9-acre waterfront lot on Sarah's Creek in Gloucester, VA.

    2.9Ac Little England Rd, Hayes, VA 23072
    View details
    Rare Corner Lot in Williamsburg
    $595,000
    1.16 Acres

    Rare Corner Lot in Williamsburg

    1.17 acre corner lot in Ford's Colony, Williamsburg, VA.

    201 Hurlston, Williamsburg, VA 23188
    View details
    Waterfront Land on Yeocomico River
    $225,000
    1.19 Acres

    Waterfront Land on Yeocomico River

    Cleared waterfront lot ready for building near Chesapeake Bay.

    4A Tyson Ln, Callao, VA 22435
    View details
    Multifamily Property Near Fort Cavazos
    $230,000

    Multifamily Property Near Fort Cavazos

    Six-unit multifamily property with steady cash flow and strong tenant retention.

    309 E Dean Ave, Killeen, TX 76541
    View details
    Historic Mixed-Use Building in Urbanna
    $485,000

    Historic Mixed-Use Building in Urbanna

    Charming mixed-use property in Urbanna's walkable downtown district.

    51 Cross St, Urbanna, VA 23175
    View details
    Six-Unit Multifamily Investment Property
    $230,000

    Six-Unit Multifamily Investment Property

    Six-unit multifamily property near Fort Cavazos with steady cash flow.

    901 Parmer Ave, Killeen, TX 76541
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Shaheen, Ruth, Martin & Fonville
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Shaheen, Ruth, Martin & Fonville
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!