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    20025 Old Richmond Rd Keeling, VA 24566

    View on Map
    Sponsored
    For Sale
    $189,000

    Ranch - Keeling, VA

    Type:Ranch
    Property size:
    890 SF
    Lot size:
    1.00 Acre
    Days on Market:
    2
    Last Refresh:
    Mar 27 at 7:06 pm

    Property Features for 20025 Old Richmond Rd

    General Information

    Property type
    Residential
    Property subtype
    Ranch
    Standard status
    Active
    Zoning
    R-1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Dining Room, Family Room, Kitchen, Living Room
    Bedrooms
    2
    Bathrooms
    1
    APN
    2482-58-6715
    Parking
    1
    Parking features
    Carport, Garage
    Interior features
    1st Floor Bedroom, 1st Floor Laundry, 1st Floor Primary Bedroom, Electric Dryer Hook-up, Washer Hookup
    Exterior features
    1-2 Acres, Concrete Drive, Fenced In Yard, Storage Building
    Fencing
    Fenced
    Appliances
    Dryer, Range, Refrigerator, Washer/Dryer Combo
    Size
    890 SF
    Lot size
    1.00 Acre

    Utilities

    Utilities
    Electricity Available
    Heating system
    Heat Pump (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1989
    Flooring type
    Hardwood, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Chad Madison
    Chad Madison

    United Country Virginia Realty

    Listing agent Chad Madison

    Listing date Mar 26, 2026

    MLS# 72913 Listing URL

    Copyright © 2026 Southern Piedmont Land & Lake 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

    Renovated Home in Country Corner

    Located in Country Corner, this newly renovated home offers a blend of convenience and scenic beauty without the constraints of an HOA. The property features a new metal roof and a new HVAC system, ensuring longevity and reduced maintenance. Inside, the home boasts a new bathroom with a tiled tub/shower, refinished hardwood floors, and fresh paint throughout. The property includes a fully fenced rear yard and a new storage building suitable for lawn equipment and additional storage needs. The residence has two bedrooms and a central bathroom, making it an ideal place to settle down and invest in the future. An attached single carport provides sheltered access to the kitchen, simplifying grocery transport during inclement weather. Situated between Danville and South Boston, the property offers a peaceful setting with easy access to urban amenities. The property is zoned R-1 and has a lot size of 1 acre. The house has 890 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Keeling
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.1737825
    Latitude
    36.7372753

    Nearby Similar for Sale

    • $130,000
      Pending

      Keeling Ranch on 7.45 Acres

      7.45-acre Keeling property with investment potential.
      19844 Old Richmond Rd, Keeling, VA 24566
      View Details

    FAQs

    What type of property is this?
    Ranch - Newly renovated home with fenced yard in peaceful, convenient location.
    Where is this ranch located?
    The property is located at 20025 Old Richmond Rd Keeling, VA.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - Newly renovated home with **new metal roof and HVAC system** ensures limited maintenance and longevity.; - No HOA provides freedom and flexibility.; - **Fully fenced rear yard and new storage building** offer practical outdoor space.
    (434) 374-2011
    Request Owner's contact information
    20025 Old Richmond Rd Keeling, VA 24566
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    Keeling, VA 24566
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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
    20025 Old Richmond Rd Keeling, VA 24566
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    Listing Contact
    Chad Madison
    Chad Madison
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