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    203 Marshall St Brookneal, VA 24528

    Sponsored
    For Sale
    $190,000

    Ranch - Brookneal, VA

    Type:Ranch
    Property size:
    1,423 SF
    Days on Market:
    18
    Last Refresh:
    Jan 22 at 8:06 pm

    Property Features for 203 Marshall St

    General Information

    Property type
    Residential
    Property subtype
    Ranch
    Standard status
    Active
    Zoning
    R1
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    103C-10-19-9, 103C-19-10, & 103C-10-19-11
    Parking
    1
    Parking features
    Carport
    Interior features
    1st Floor Bedroom, 1st Floor Primary Bedroom, Ceiling Fan, Dining Room, Utility/Laundry Room
    Exterior features
    Under 1 Acre
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    1,423 SF

    Utilities

    Heating system
    Central, Fireplace(s), Forced Air
    Cooling system
    Electric

    Building Details

    Year built
    1952
    Flooring type
    Hardwood, Vinyl
    Building materials
    Wood Siding
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Connie Pollard

    Staunton River Realty (434) 376-5380

    Listing agent Connie Pollard (434) 376-5380

    Listing date Jan 5, 2026

    MLS# 70919 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

    Brookneal Ranch with Extra Lot

    This property features a home with 3 bedrooms and 2 full baths. The large living room includes a fireplace. The kitchen is equipped with granite countertops, and appliances are included. The flooring consists of hardwood and vinyl. A carport and porch are present. The property spans 0.55+/- acres, comprising 3 lots, with one lot on Marshall Street offering an additional building opportunity. The house fronts both Marshall Street and Forest Street. Located near the Staunton River, the area provides opportunities for fishing, a public boat landing, and other recreational activities. Downtown Brookneal's businesses are nearby. The location offers convenient access to Lynchburg, Appomattox, Altavista, and South Boston. The property is being sold "As Is", with a home inspection available for the buyer's information. The property is zoned R1. The house has 1423 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookneal
    County
    Campbell
    State
    Virginia
    Longitude
    -78.9444854
    Latitude
    37.0538622

    Nearby Similar for Sale

    • $619,000
      2,300 SF

      Spacious Farmhouse on 49 Acres

      Campbell County farmhouse with barns, ponds, and usable acreage.
      7941 Sugar Hill Rd, Brookneal, VA 24528
      View Details
    • $199,900
      1,664 SF

      Charming Home Near Staunton River

      Charming Brookneal home with hardwood floors, fireplace, and spacious basement.
      1243 Lynchburg Ave, Brookneal, VA 24528
      View Details

    FAQs

    What type of property is this?
    Ranch - Ranch home with extra building lot near Staunton River.
    Where is this ranch located?
    The property is located at 203 Marshall St Brookneal, VA.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - Extra building lot included (one of three lots).; - Close proximity to the Staunton River for fishing, boating, and recreation.; - Granite countertops in kitchen; appliances included.
    (434) 610-5131
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    203 Marshall St Brookneal, VA 24528
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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
    203 Marshall St Brookneal, VA 24528
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    We can help!
    Listing Contact
    Connie Pollard
    (434) 610-5131
    Learn more
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