Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    309 N Main Street Emporia, VA 23847

    View on Map
    For Sale
    $44,999

    LAND - Emporia, VA

    Lot size:
    0.28 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 309 N Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    142-A-0-70,7-1
    Lot size
    0.28 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    property is 81x149x82x147, a total of 12,062 square feet. 0.277-acre lot
    TaxAnnualAmount
    221

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kenneth Byers

    Listing agent Kenneth Byers License #0225273763

    Listing office Weichert Brockwell & Associate 210 Temple Avenue, Colonial Heights, VA

    Listing date Mar 16, 2026

    MLS# 2605266

    Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Lot on Main Street

    This vacant lot, located at 309 N. Main Street in Emporia, Virginia, offers high visibility along a primary commercial corridor. The cleared and level parcel is situated adjacent to the city sidewalk, providing convenient access and exposure to consistent traffic flow. Positioned next to established commercial properties, the lot benefits from its surroundings. Water access is available at the sidewalk for future connection, and electricity is accessible at the street. The 0.277-acre lot is suitable for investors or business owners seeking a visible location for new construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Emporia
    County
    Greensville
    State
    Virginia
    Longitude
    -77.539474
    Latitude
    36.693501

    Nearby Similar for Sale

    • $950,000
      6,218 SF

      Profitable Dry Cleaning Business For Sale

      Established dry cleaning and laundry business with real estate included.
      506* N Main Street, Emporia, VA 23847
      View Details
    • $449,000

      Cleared Commercial Land Near Amenities

      2+ acre commercial land near hotels and medical facilities.
      0 Sadler Dr, Emporia, VA 23847
      View Details
    • $299,995
      8,260 SF

      Historic Bank Building in Emporia

      Repurposed bank building in historic district with rental income.
      401 Halifax St, Emporia, VA 23847
      View Details
    • $245,000

      Cleared Land Visible From Highway

      9.83 acres of cleared, flat land near shopping and restaurants.
      0 Commonwealth Blvd, Emporia, VA 23847
      View Details
    • $245,000

      Commercial Land Near Highway

      9.83 acre commercial lot near shopping and highway.
      0 Commonwealth Blvd, Emporia, VA 23847
      View Details
    • $135,000

      Emporia Commercial Lots For Sale

      Two commercial lots totaling just under 2 acres in Emporia.
      0 & 1188 South Main Street, Emporia, VA 23847
      View Details
    • $29,900

      Three Acre Wooded Residential Lot

      Three acre wooded lot suitable for mobile or modular homes.
      0 Dry Bread Rd, Emporia, VA 23847
      View Details
    • $299,995
      8,260 SF

      Historic Belfield District Bank Building

      Architectural beauty repurposed for retail and office use.
      401 Halifax St, Emporia, VA 23847
      View Details
    • $25,000

      Residential Lot in Emporia, VA

      Cleared residential lot near Hwy 58, great homesite opportunity.
      0 Ruritan Dr, Emporia, VA 23847
      View Details
    • $29,000

      Residential Land in Emporia, VA

      Vacant residential land for sale in Emporia, Virginia.
      0 Green Ave, Emporia, VA 23847
      View Details
    • $25,000

      Residential Land Opportunity in Emporia

      0.476 acre residential land with convenient access to amenities.
      0 Van Dyke Circle, Emporia, VA 23847
      View Details
    • $25,000

      Residential Lot in Emporia, VA

      Cleared residential lot, great opportunity to build or invest.
      0 Ruritan Drive, Emporia, VA 23847
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared, level lot with high visibility in Emporia, Virginia.
    Where is this commercial land located?
    The property is located at 309 N Main Street Emporia, VA.
    What is the asking price?
    The asking price for this property is $44,999.
    What are key features of this property?
    This property features: Highly visible location on N. Main Street, a main commercial corridor.; Cleared and level lot ready for new construction.; Easy access with city sidewalk and strong exposure to steady traffic.
    (804) 919-4444
    We can help!
    Listing Contact
    Kenneth Byers
    Real Estate License ID: 0225273763
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!