Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 S Freeman Street Blackstone, VA 23824

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Blackstone, VA

    Lot size:
    0.09 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    162
    Last Refresh:
    Apr 28 at 3:06 pm

    Property Features for 102 S Freeman Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    50A25-124-38A
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    102 Freeman St Town of Blackstonen, 40' FO#38-40
    Tax Annual Amount
    29

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    JoAnn Coles

    Listing agent JoAnn Coles License #0225256759

    Listing office Turn Key Real Estate, LLC 11834 Canon Blvd., Ste M, Hampton, VA

    Listing date Nov 17, 2025

    MLS# 202500305 Listing URL

    Copyright © 2026 Chesapeake Bay & Rivers Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Blackstone, VA Land Parcel

    This three-lot parcel is located in the Town of Blackstone, Virginia. Situated a short drive from downtown shops, restaurants, and local amenities, the property offers potential for future development or investment. The lot size is 0.0944 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blackstone
    County
    Nottoway
    State
    Virginia
    Longitude
    -78.01192
    Latitude
    37.077752

    Nearby Similar for Sale

    • $525,000
      1,596 SF

      Blackstone Ranch with Flexible Space

      Well-kept ranch on 6 acres with workshop and fruit trees.
      218 Deer Run Rd, Blackstone, VA 23824
      View Details
    • $359,900
      5,920 SF

      Versatile Blackstone Building: Investment Opportunity

      Adaptable commercial building with office, retail, and residential potential.
      215 South Main Street, Blackstone, VA 23824
      View Details
    • $600,000
      4,043 SF

      Blackstone Auto Service For Sale

      Auto service property featuring over 4,000 sq.ft of space.
      1007 S. Main, Blackstone, VA 23824
      View Details
    • $499,000

      Blackstone Farm with Homesteading Potential

      23+ acre farm with pastures, outbuilding, and updated home.
      484 Dobbins, Blackstone, VA 23824
      View Details
    • $179,999

      Farmhouse on Five Acres

      Five-bedroom farmhouse on 5 acres in Nottoway County.
      3970 Hungarytown Rd, Blackstone, VA 23824
      View Details
    • $16,000

      Unrestricted Residential Lots Available

      Two wooded lots with utilities in residential neighborhood.
      00 S West Ave, Blackstone, VA 23824
      View Details
    • $274,900

      Blackstone VA Land Opportunity

      37.53 acres in Blackstone, VA with development potential.
      Nottoway Ave, Blackstone, VA 23824
      View Details
    • $92,900

      Commercial Land Near Ft. Pickett

      4.916-acre commercial lot near Ft. Pickett and Route 460.
      Cox Road, Blackstone, VA 23824
      View Details
    • $34,900

      Blackstone Land Development Opportunity

      Versatile double lot suitable for builders, investors, or new construction.
      Pickett Court, Blackstone, VA 23824
      View Details
    • $19,900

      Blackstone Land Development Opportunity

      Versatile double lot ideal for builders or investors near downtown.
      Pickett Court, Blackstone, VA 23824
      View Details
    • $19,900

      Blackstone, VA Land Opportunity

      Rare in-town development opportunity near Fort Pickett and downtown Blackstone.
      Pickett Court, Blackstone, VA 23824
      View Details
    • $18,000

      Land in Blackstone, Virginia

      Land available in the Town of Blackstone, Virginia.
      508 Doswell Street, Blackstone, VA 23824
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three-lot parcel near downtown Blackstone, offering development potential.
    Where is this commercial land located?
    The property is located at 102 S Freeman Street Blackstone, VA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Three‑lot parcel offers development or investment potential.; Convenient location near downtown Blackstone shops and restaurants.; Public water source available.
    (804) 815-8862
    We can help!
    Listing Contact
    JoAnn Coles
    Real Estate License ID: 0225256759
    Learn More
    Request Owner's contact information
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!