Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    2.8 Acres in Weems, VA Title is generated by Realmo AI

    276 Benson Road, Weems, VA 22576

    View on Map
    Claim this Listing
    For Sale
    $69,500

    LAND - WEEMS, VA

    Property size:
    894 SF
    Lot size:
    2.80 Acres
    Price / SF:
    $77/SF
    Added:
    Apr 30, 2026
    Days on Market:
    27
    Last Refresh:
    May 26 at 9:06 pm

    Property Features for 276 Benson Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A2
    Standard status
    Active
    APN
    27 115
    Size
    894 SF
    Lot size
    2.80 Acres

    Taxes and HOA fees

    Tax Description
    Indian Town 2.90 AC WF21/51
    Tax Annual Amount
    430

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Andrea Holt
    Andrea Holt

    Listing agent Andrea Holt

    Listing office Isabell K. Horsley R. E., Ltd. P.O. Box 44, Urbanna, VA

    Listing date Apr 30, 2026

    MLS# 120368 Listing URL

    Copyright © 2026 Northern Neck 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.

    HighLights

    • Large 2.8‑acre wooded lot offers privacy and space.
    • Opportunity to build a new home on the property.
    • Water available on the property.
    • Peaceful, natural setting.
    • Existing 1920s home (AS IS) can be utilized or redeveloped.
    • Located in Weems, offering a desirable location.

    Overview

    This property, located in Weems, Virginia, features 2.8 acres of mostly wooded land, offering a tranquil environment. Included on the parcel is an 894-square foot home on piers, dating back to the 1920s, along with two sheds and an additional open shed in disrepair. All structures are conveyed AS IS. The existing septic system is reported to be unreliable during rainy periods. The property presents opportunities for redevelopment or reimagining, with ample space to build. The current homesite can be utilized, or a more secluded location deeper within the lot can be chosen for added privacy. This property is suited for those seeking to create a special place in a natural setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Department Store Discount Store Travel Agency (Bike/Boat/Book/etc) Store Fish Market Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Weems
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.4550235
    Latitude
    37.6669334

    Nearby Similar for Sale

    • $525,000

      Waterfront Land with Stunning Views

      2.38 acres with 204 feet of shoreline.
      4 River Village Drive, WEEMS, VA 22576
      View Details
    • $34,999

      Wooded Parcel Near Waterfront Destinations

      0.776-acre wooded parcel near shops, restaurants, and waterfront.
      27-35A Taylors Creek Road, Weems, VA 22576
      View Details
    • $1,495,000

      Waterfront Land in Virginia's Northern Neck

      73 acres of unspoiled waterfront property on the Corrotoman River.
      407 Loblolly Ln, WEEMS, VA 22576
      View Details
    • $700,000

      Commercial Land with Income Potential

      Commercial land with road frontage and income-generating buildings for sale.
      1740 Irvington Road, WEEMS, VA 22576
      View Details
    • $34,999

      Wooded Parcel in Weems, Virginia

      0.776-acre wooded parcel near local amenities and waterfront destinations.
      27-35A Taylors Creek Road, WEEMS, VA 22576
      View Details
    • $365,000

      Waterfront Land in River Village

      3+ acre waterfront lot ready for your dream home.
      River Village Drive lot: 7, Weems, VA 22576
      View Details
    • $23,000

      Waterfront Land in River Village

      Waterfront land with community amenities on the Corrotoman River.
      Lot 22 Benson Road, Weems, VA 22576
      View Details
    • $39,000

      Private Wooded Building Lot

      3+ acre wooded lot in Weems, minutes from Kilmarnock.
      12 Benson Road, WEEMS, VA 22576
      View Details
    • $389,000

      Land with River View

      4+ acre lot with Corrotoman River view.
      #27-7 Black Stump Road, WEEMS, VA 22576
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.8 wooded acres with structures in Weems, Virginia.
    Where is this residential land & home lot located?
    The property is located at 276 Benson Road Weems, VA.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: Large 2.8‑acre wooded lot offers privacy and space.; Opportunity to build a new home on the property.; Water available on the property.
    (804) 854-9530
    We can help!
    Listing Contact
    Andrea Holt
    Andrea Holt
    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
    276 Benson Road, WEEMS, VA 22576
    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!