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    17541 Plantation Rd Onancock, VA 23417

    Sponsored
    For Sale
    $1,425,000

    Farmhouse,Historical,Other-See Remarks, Residential - ONANCOCK, VA

    Type:Farm
    Property size:
    3,252 SF
    Days on Market:
    35
    Last Refresh:
    Jan 20 at 9:06 am

    Property Features for 17541 Plantation Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Security Lighting
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Utility Room, Workshop
    Bedrooms
    3
    Bathrooms
    3
    Patio and Porch features
    Patio, Porch, Deck
    Pool private
    1
    Interior features
    Smoke Detector, Washer/Dryer Hookup, 1st Floor Bedroom
    Exterior features
    Pool, Patio, Deck, Pier/Dock, Bulk Head, Enclosed Porch, Other-See Remarks
    Dock
    1
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    3,252 SF

    Utilities

    Heating system
    Fireplace(s), Forced Air, Oil
    Cooling system
    Attic Fan, Central Air, Heat Pump

    Building Details

    Year built
    1663
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Wood Siding
    Roof type
    Composition
    Architectural style
    Historical
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    Keith Robert Koerner
    Keith Robert Koerner

    Coldwell Banker Harbour Realty (757) 787-1305 [email protected]

    Listing agent Keith Robert Koerner (757) 787-1305

    Listing date Dec 17, 2025

    MLS# 65617 Listing URL

    Copyright © 2026 Eastern Shore 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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Estate with Historic Farmhouse

    This exceptional waterfront estate encompasses 45.11 acres across four parcels, including a 7.5-acre main homesite situated on the water. The property boasts 900 feet of waterfront, featuring 500 feet of vinyl bulkhead installed in 2017 and a 130-foot deep-water dock constructed in 2019, which has previously accommodated vessels exceeding 50 feet. The historic Eastern Shore home, successfully operated as a private residence and Airbnb, offers 4 bedrooms and 2.5 baths. The property has an approved 3-bedroom septic system. Architectural features include multiple fireplaces, a remodeled kitchen, and refinished floors. Extensive updates have been made, including a new roof installed in 2024. Additional amenities include an in-ground pool, expected to be operational in the Summer of 2025, a pond, and multiple outbuildings. The property has a documented history dating back to 1663. The property is located in Onancock, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Onancock
    County
    Accomack
    State
    Virginia
    Longitude
    -75.7665233
    Latitude
    37.7436056

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    FAQs

    What type of property is this?
    Farm - 45-acre waterfront estate with deep-water dock and historic home.
    Where is this farm located?
    The property is located at 17541 Plantation Rd Onancock, VA.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: - 45.11-acre waterfront estate featuring 900' of waterfront and a 130' deep-water dock (2019) for large vessels.; - 7.5-acre main homesite with a historic Eastern Shore home offering 4 bedrooms, remodeled kitchen, refinished floors, and a new roof (2024).; - 500' of vinyl bulkhead (2017) providing shoreline protection.
    (757) 999-4670
    Request Owner's contact information
    17541 Plantation Rd Onancock, VA 23417
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    Onancock, VA 23417
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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
    17541 Plantation Rd Onancock, VA 23417
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    We can help!
    Listing Contact
    Keith Robert Koerner
    Keith Robert Koerner
    (757) 999-4670
    Learn more
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