Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3255 Stone Rd Cape Charles, VA 23310

    Sponsored
    For Sale
    $589,000

    Commercial - CAPE CHARLES, VA

    Property size:
    668 SF
    Days on Market:
    299
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 3255 Stone Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Interior features
    Other-see Remarks
    Size
    668 SF

    Utilities

    Heating system
    None (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1920
    Flooring type
    Concrete
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    KIMBERLEY M. STARR
    KIMBERLEY M. STARR

    CHESAPEAKE PROPERTIES (757) 331-8100

    Listing agent KIMBERLEY M. STARR (757) 331-8100

    Listing date Mar 28, 2025

    MLS# 64069 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.

    Learn more

    Property Insight Report

    Overview

    Iconic Commercial Corner Parcel

    This commercial property is located on a prime corner parcel entering the town of Cape Charles. The property includes an iconic landmark building constructed in an English Cottage style. The building, formerly the Pur Oil building, has been vacant for some time. The property consists of 3 parcels totaling just under 3 acres. A small billboard is included. The building size is 668 square feet. The property is located in Northampton County, Virginia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Dental Office Wholesale Shop Hair Salon Auto Repair Shop Gym & Fitness Hotel & Motel Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Charles
    County
    Northampton
    State
    Virginia
    Longitude
    -75.9819723
    Latitude
    37.2709235

    Nearby Similar for Sale

    • $379,900
      1,634 SF

      Renovated Coastal Home Near Downtown

      Renovated 3-bedroom home near downtown Cape Charles, Virginia.
      23345 Fairview Rd, Cape Charles, VA 23310
      View Details
    • $359,000
      1,265 SF

      Historic Bank Building For Sale

      Historic bank building with unique architectural details, suitable for various uses.
      4322 Capeville Dr, Cape Charles, VA 23313
      View Details
    • $625,000
      Pending

      Highway Frontage Commercial Opportunity

      Versatile commercial property with highway frontage near Cape Charles, VA.
      23120 Lankford Hwy, Cape Charles, VA 23310
      View Details
    • $879,900
      1,836 SF

      New Construction Home in Bay Creek

      New 3BR home with garage near beach and amenities.
      411 Captain Orris Browne, Cape Charles, VA 23310
      View Details
    • New
      $290,000
      3,150 SF

      Restaurant-Ready Retail Space

      Retail space suitable for restaurant conversion near Cape Charles.
      21229 S Bayside Rd, Cape Charles, VA 23310
      View Details
    • $289,000
      655 SF

      Commercial Property in Cape Charles

      Commercial property in the heart of Cape Charles, Virginia.
      300 #A Mason Ave, Cape Charles, VA 23310
      View Details
    • $325,000
      655 SF

      Prime Retail Space in Cape Charles

      Excellent visibility in the heart of Cape Charles' commercial district.
      300D Mason Ave, Cape Charles, VA 23310
      View Details
    • $280,000
      2,352 SF

      Cheriton Commercial Building For Sale

      Commercial building in Cheriton, currently rented to retail businesses.
      21230 S Bayside Rd, Cape Charles, VA 23310
      View Details
    • $2,500,000
      8,196 SF

      Established Distillery in Boutique District

      Custom-built distillery with a 10-year NNN lease.
      225 Mason Ave, Cape Charles, VA 23310
      View Details
    • $1,010,000

      Specialty Property For Sale

      Specialty property available for purchase.
      4 Martz Ct, Cape Charles, VA 23310
      View Details

    FAQs

    What type of property is this?
    Storefront property - Prime commercial property in Cape Charles with historic building.
    Where is this storefront property located?
    The property is located at 3255 Stone Rd Cape Charles, VA.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: - Prime commercial corner location at the entrance to Cape Charles.; - Iconic, historic "Pur Oil" building with unique English Cottage style architecture.; - Property consists of 3 parcels totaling just under 3 acres.
    (757) 635-0711
    Request Owner's contact information
    3255 Stone Rd Cape Charles, VA 23310
    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.
    3255 Stone Rd
    Cape Charles, VA 23310
    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
    3255 Stone Rd Cape Charles, VA 23310
    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

    We can help!
    Listing Contact
    KIMBERLEY M. STARR
    KIMBERLEY M. STARR
    (757) 635-0711
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.