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    27220 BAYLYS NECK RD Accomac, VA 23301

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    Claim this Listing
    For Sale
    $550,000

    Residential, Farmhouse - ACCOMAC, VA

    Type:Farm
    Property size:
    2,520 SF
    Price / SF:
    $218/SF
    Added:
    Aug 8, 2025
    Days on Market:
    264
    Last Refresh:
    Apr 28 at 2:06 pm

    Property Features for 27220 BAYLYS NECK RD

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room, Utility Room, Workshop
    Patio and Porch features
    Porch, Deck
    Pool private
    1
    Interior features
    Smoke Detector, Walk-in Closet(s), Washer/Dryer Hookup, Dining Room
    Exterior features
    Pool, Paved Driveway, Screened Porch, Deck, Pier/Dock, Community Amenities
    Dock
    1
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    Size
    2,520 SF

    Taxes and HOA fees

    Expense value
    157
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Fireplace(s), Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1930
    Flooring type
    Carpet, Carpet - Full, Hardwood
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    SHAWN JENNINGS, ABR, ASP

    Listing agent SHAWN JENNINGS, ABR, ASP

    Listing office COLDWELL BANKER HARBOUR REALTY 22639 Center Pkwy, Accomac, VA

    Listing date Aug 8, 2025

    MLS# 64935 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.

    Overview

    Water View Home with Pier

    Nestled in the picturesque countryside, this water view home combines coastal charm with modern elegance. Situated on a generous lot, the property offers privacy and convenient access to boating, fishing, and wildlife, enhanced by a private pier. The light-filled interior showcases craftsmanship and style. The kitchen features sleek countertops, quality cabinets, and appliances. Bathrooms are detailed with stylish tilework. Living areas flow with warm wood floors, natural light, and space for entertaining. The property includes a 16 x 35 pool, porches, and landscaped grounds. A detached three-car garage with extra storage and a detached workshop provide additional possibilities. The property is located in Accomac, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Accomac
    County
    Accomack
    State
    Virginia
    Longitude
    -75.6058393
    Latitude
    37.7143272

    Nearby Similar for Sale

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    • $89,000
      350 SF

      Historic Storefront in Accomac, VA

      Charming historic storefront in Accomac, available for sale or lease.
      23404 FRONT ST, ACCOMAC, VA 23301
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    FAQs

    What type of property is this?
    Single family property - Coastal farmhouse with modern elegance, private pier, and pool.
    Where is this single family property located?
    The property is located at 27220 BAYLYS NECK RD Accomac, 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: Water view property with access to a private pier for boating and fishing; Enjoy a private 16 x 35 pool and landscaped grounds; 3‑car detached garage with extra storage and a detached workshop
    (757) 787-1305
    We can help!
    Listing Contact
    SHAWN JENNINGS, ABR, ASP
    Learn More
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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
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