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    Cleared Rural Acreage Tract Title is generated by Realmo AI

    3400 HALIFAX RD, Chatham, VA 24531

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    Claim this Listing
    Pending
    $195,000

    LAND - CHATHAM, VA

    Lot size:
    36.04 Acres
    Added:
    Jan 16, 2026
    Days on Market:
    141
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 3400 HALIFAX RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    36.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Assessed Parcel ID/GPIN: 2435-87-9796 Property Desc: ST RD 832 TRACT 1 36.04 AC
    Tax Annual Amount
    374

    We can help!

    Listing Contact
    ANDREW HARDY

    Listing agent ANDREW HARDY License #0225259161

    Listing office FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY 417 PARK STREET, Charlottesville, VA

    Listing date Jan 16, 2026

    MLS# 672542 Listing URL

    Copyright © 2026 Charlottesville Area 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

    • 36.04‑acre recently cleared parcel, offered as its own independent tract separate from the larger Whitehall estate.
    • Open, gently rolling acreage that can support a future homesite, agricultural pursuits, or recreational use.
    • Located within easy reach of Danville, with access to regional amenities and major routes.
    • Offered without existing structures or improvements, providing a blank canvas for a new build or use.
    • Part of the Whitehall estate associated with 400 Doe Lane.

    Overview

    This offering is a separately offered, recently cleared tract totaling 36.04 acres. The land consists of gently rolling, open acreage and is being presented without existing structures or improvements, giving a buyer flexibility to plan a future homesite or other permitted use around the existing topography.

    The property is located in Pittsylvania County, within easy reach of Danville. It is described as part of the larger Whitehall estate at 400 Doe Lane, but is now offered as its own independent tract. The parcel’s open setting is intended to support a range of straightforward site planning needs for buyers seeking rural character with access to regional amenities and major routes.

    For tenants, buyers, or investors evaluating raw land, the practical appeal here is the cleared condition and the open, usable layout. Whether the goal is to develop a private residence, pursue agricultural activities, or create a recreational land plan, the property is positioned as a blank canvas ready for a buyer’s intended improvements. Contact for details on the tract and to review the specific site considerations for your intended use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.3391491
    Latitude
    36.8129089

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Residential land & home lot - Recently cleared 36-acre parcel with open, gently rolling terrain for a homesite, agricultural use, or recreation planning.
    Where is this residential land & home lot located?
    The property is located at 3400 HALIFAX RD Chatham, VA.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: 36.04‑acre recently cleared parcel, offered as its own independent tract separate from the larger Whitehall estate.; Open, gently rolling acreage that can support a future homesite, agricultural pursuits, or recreational use.; Located within easy reach of Danville, with access to regional amenities and major routes.
    (213) 458-4464
    We can help!
    Listing Contact
    ANDREW HARDY
    Real Estate License ID: 0225259161
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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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