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

    11819 PETER SHANE Way Nokesville, VA 20181

    View on Map
    Claim this Listing
    For Sale
    $550,000

    LAND - NOKESVILLE, VA

    Lot size:
    2.45 Acres
    Added:
    Mar 4, 2025
    Days on Market:
    426
    Last Refresh:
    May 4 at 3:06 am

    Property Features for 11819 PETER SHANE Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.45 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7137

    We can help!

    Listing Contact
    Cherish R Green
    Cherish R Green

    Listing agent Cherish R Green License #0225057344

    Listing office Coldwell Banker Elite 7500 IRON BAR Lane unit: 209, Stafford, VA

    Listing date Mar 4, 2025

    MLS# VAPW2088938 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Near Route 28

    This 2.45-acre commercial land is located at 11819 Peter Shane Way in Nokesville, Virginia. The property is zoned B1 and offers an ideal location near Route 28, providing high visibility. The site benefits from an on-site well for water access. Sewer and electric connections are available at the street, facilitating development. This recently subdivided lot presents an opportunity to build a business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Auto Repair Shop Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Electrical Service Electronics & Wireless Store (Bike/Boat/Book/etc) Store Daycare Center Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nokesville
    County
    Prince William
    State
    Virginia
    Longitude
    -77.5822549
    Latitude
    38.6983142

    Nearby Similar for Sale

    • $490,000

      Wooded Lot Ready to Build

      Nearly 12-acre wooded lot with approved permits.
      9671 MARLETTE Drive, NOKESVILLE, VA 20181
      View Details
    • $450,000

      Commercial Land Near Route 28

      0.94-acre B1 property near Route 28 in Nokesville, VA.
      11811 PETER SHANE Way, NOKESVILLE, VA 20181
      View Details
    • $7,500,000

      20 Acres Land with Homes

      20 acres of land featuring homes and barns.
      10410 KETTLE RUN Road, NOKESVILLE, VA 20181
      View Details
    • $7,500,000

      20 Acres with Two Homes

      20 acres of cleared land with two homes and barns.
      10410 KETTLE RUN Rd, Nokesville, VA 20181
      View Details
    • $4,200,000
      2,469 SF

      272-Acre Farm with Wetlands Bank

      Farm with farmhouse, barns, and wetlands bank near Quantico.
      15205 Fleetwood Dr, NOKESVILLE, VA 20181
      View Details
    • $4,200,000

      272-Acre Farm with Wetlands Bank

      Farm with farmhouse, barns, and wetlands bank near Quantico.
      15205 Fleetwood Dr, Nokesville, VA 20181
      View Details
    • $450,000

      Prime Commercial Land Near Route 28

      0.94-acre B1 property near Route 28 with utilities access.
      11811 Peter Shane Way, NOKESVILLE, VA 20181
      View Details
    • $550,000

      Commercial Land Near Route 28

      2.45-acre commercial land near Route 28 with utilities access.
      11819 Peter Shane Way, NOKESVILLE, VA 20181
      View Details
    • $395,000

      Nokesville 10-Acre Agricultural Land Parcel

      10 acres of gently rolling agricultural land in Nokesville, VA.
      11820 Reid Ln, NOKESVILLE, VA 20181
      View Details
    • $395,000

      Nokesville Agricultural Land Opportunity

      10 acres of gently rolling land for homesteading.
      11810 Reid Ln, NOKESVILLE, VA 20181
      View Details
    • $7,500,000

      20 Acres with Two Homes

      20 acres of land with two homes and barns.
      10410 Kettle Run Rd, NOKESVILLE, VA 20181
      View Details
    • $250,000

      Secluded Nokesville Acreage

      10-acre wooded lot in Nokesville, ready for your dream home.
      9101 Dawson Creek Dr, NOKESVILLE, VA 20181
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.45-acre commercial land near Route 28 in Nokesville, VA.
    Where is this commercial land located?
    The property is located at 11819 PETER SHANE Way Nokesville, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Prime 2.45‑acre B1 commercial property.; Ideal location near Route 28 for maximum visibility.; On‑site well for easy water access.
    (703) 217-3278
    We can help!
    Listing Contact
    Cherish R Green
    Cherish R Green
    Real Estate License ID: 0225057344
    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

    Thank You for Inquiry

    11819 PETER SHANE Way, NOKESVILLE, VA 20181

    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!