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

    3322 Old Halifax Road South Boston, VA 24592

    View on Map
    New
    For Sale
    $69,900

    Retail,Business Service,Professional Service,Commercial - South Boston, VA

    Added:
    Mar 30, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 3 at 10:06 am

    Property Features for 3322 Old Halifax Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B2
    Standard status
    Active
    APN
    22626, 22627

    Utilities

    Heating system
    None (Heating)

    Building Details

    Flooring type
    None
    Roof type
    None
    Architectural style
    Other

    We can help!

    Listing Contact
    Sharon Wilborn
    Sharon Wilborn

    Listing agent Sharon Wilborn

    Listing office Realty Resource LLC P.O. Box 308, South Boston, VA

    Listing date Mar 30, 2026

    MLS# 72910 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.

    Overview

    Commercial Land in South Boston

    This commercial land is a build-ready site suitable for various business ventures. The location benefits from a high traffic count and proximity to Halifax County High School. The property is zoned B2 and is located in South Boston, Virginia.
    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 Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Boston
    County
    Halifax
    State
    Virginia
    Longitude
    -78.9063024
    Latitude
    36.7311222

    Nearby Similar for Sale

    • $75,000
      1,512 SF

      South Boston Commercial Repurposing Opportunity

      Car wash with repurposing potential in South Boston, Virginia.
      00 Noblin Avenue, South Boston, VA 24592
      View Details
    • $699,000
      1,500 SF

      Retail Space on Highway 58

      High-visibility retail space on a busy highway.
      1070 Bill Tuck Hwy, South Boston, VA 24592
      View Details
    • $334,900
      1,728 SF

      Updated Ranch in Prime Location

      Move-in ready ranch home in the heart of South Boston.
      1905 Wilborn Avenue, South Boston, VA 24592
      View Details
    • $239,000
      1,640 SF

      South Boston Ranch with Greenhouse

      Ranch featuring a greenhouse, covered deck, and metal roof.
      1207 Alphonse Dairy Road, South Boston, VA 24592
      View Details
    • $219,900
      15,000 SF

      Historic Downtown Investment Opportunity

      Charming mixed-use redevelopment opportunity in South Boston's historic district.
      505/573 N Main Street, South Boston, VA 24592
      View Details
    • $69,500
      8,250 SF

      South Boston Industrial Property For Sale

      8,470 SF industrial building on 4.39 acres in South Boston.
      530 Summit Drive, South Boston, VA 24592
      View Details
    • $309,000

      Dan River Waterfront Land Available

      50+ acres on the Dan River, South Boston, Virginia.
      00 PHILPOTT RD, South Boston, VA 24592
      View Details
    • $379,000

      50+ Acres on Dan River

      Land with river frontage, house included near South Boston, VA.
      5202 PHILPOTT RD, South Boston, VA 24592
      View Details
    • $350,000

      Land in South Boston, VA

      Vacant land with frontage on Hamilton and College St.
      Hamilton Blvd, South Boston, VA 24592
      View Details
    • $1,399,995
      15,650 SF

      Downtown South Boston Auto Service

      Income-producing auto service property centrally located in South Boston, VA.
      1000 Wilborn Avenue, South Boston, VA 24592
      View Details
    • $289,000
      3,393 SF

      Historic Home with Rental Units

      Historic home with rental units near industrial corridor.
      1247 Sandy Beach Road, South Boston, VA 24592
      View Details
    • $199,000
      1,197 SF

      Well-Maintained Home Near Old Town

      Move-in ready home with updates and convenient location.
      1246 River Road, South Boston, VA 24592
      View Details

    FAQs

    What type of property is this?
    Commercial land - Build-ready commercial land with high traffic count in South Boston.
    Where is this commercial land located?
    The property is located at 3322 Old Halifax Road South Boston, VA.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Excellent location with a high traffic count; Build‑ready site for a custom business; No existing flooring, heating, or roof, allowing for complete customization
    (434) 572-5736
    We can help!
    Listing Contact
    Sharon Wilborn
    Sharon Wilborn
    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!