Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Amelia Court House Commercial Land Title is generated by Realmo AI

    360 Patrick Henry Hwy, Amelia Court House, VA 23002

    View on Map
    Claim this Listing
    For Sale
    $900,000

    LAND - Amelia Court House, VA

    Lot size:
    29.58 Acres
    Added:
    Aug 16, 2024
    Days on Market:
    646
    Last Refresh:
    May 23 at 3:06 pm

    Property Features for 360 Patrick Henry Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR3
    Standard status
    Active
    Lot size
    29.58 Acres

    We can help!

    Listing Contact
    David Keener
    David Keener

    Listing agent David Keener

    Listing office Good Life Realty LLC 17135 Amelia Avenue, Amelia C.H., VA

    Listing date Aug 16, 2024

    MLS# 54158 Listing URL

    Copyright © 2026 South Central 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

    • 29.58 acre CORNER Parcel with COMMERCIAL POTENTIAL on US 360 Corridor.
    • Excellent Highway access at intersection of US Highway 360 and SR627.
    • Boasting 1155 feet of highway road frontage on US 360.
    • Potential second highway crossover access.
    • Features 728 feet of road frontage on SR 627.
    • Attractive two story brick house built in 1967 could be converted to business or office use.

    Overview

    This 29.58-acre corner parcel is located at the intersection of US Highway 360 and SR627 (Cheathams Rd) in eastern Amelia County, situated just outside of Richmond and Chesterfield County. The property offers highway access and is suitable for multi-business buildings for office, retail, or other commercial uses. It is conveniently located to Amelia and is only 5 miles from the Chesterfield County line. The parcel features 1155 feet of highway road frontage on the East bound lane of US 360, along with a potential second highway crossover access. It also includes an additional 728 feet of road frontage on SR 627. An existing two-story brick house, constructed in 1967, could potentially be converted for business or office use. Commercial uses will require rezoning approval from Amelia County. The property is zoned RR3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Storage Facility Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Amelia Court House
    County
    Amelia
    State
    Virginia
    Longitude
    -77.9538574
    Latitude
    37.3612566

    Nearby Similar for Sale

    • $999,000

      Amelia Courthouse Acreage For Sale

      52.15 acres of land near Amelia Courthouse, Virginia.
      7000 Dennisville Road, Amelia Courthouse, VA 23002
      View Details
    • $74,950

      Amelia County Wooded Land Parcel

      6.8 acre wooded land for building or recreational use.
      6.878 Acres Richmond Road, Amelia Courthouse, VA 23002
      View Details
    • $67,999

      Amelia County Vacant Land

      10-acre wooded lot near Amelia Court House, no HOA.
      1455 RICHMOND Rd, Amelia Court House, VA 23002
      View Details
    • $250,000

      Land for Exclusive Golf Club

      Land for sale in upcoming exclusive golf club community.
      LOT 2 FOSTER LN, AMELIA COURT HOUSE, VA 23002
      View Details
    • $250,000

      Land in Exclusive Golf Community

      Land for custom home in upcoming golf club community.
      LOT 3 FOSTER LN, AMELIA COURT HOUSE, VA 23002
      View Details
    • $899,000

      27.75 Acres on US 360

      27.75 acre parcel fronting US 360 in Amelia County.
      360 PATRICK HENRY HYWY lot: 2 & 3, Amelia Court House, VA 23002
      View Details
    • $250,000

      Land in Exclusive Golf Community

      Land for sale in upcoming golf club community.
      LOT 1 FOSTER LN, AMELIA COURT HOUSE, VA 23002
      View Details
    • $34,999

      Land For Sale

      Land available off Poor House Rd, Amelia Court House, VA
      19725 Poor House Rd, Amelia Court House, VA 23002
      View Details
    • $13,000

      Unsurveyed Land in Amelia Courthouse

      Two-acre land parcel for recreational or agricultural use.
      2 Acres Hills Lane, Amelia Courthouse, VA 23002
      View Details

    FAQs

    What type of property is this?
    Commercial land - 29.58 acre corner parcel with commercial potential on US 360.
    Where is this commercial land located?
    The property is located at 360 Patrick Henry Hwy Amelia Court House, VA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 29.58 acre CORNER Parcel with COMMERCIAL POTENTIAL on US 360 Corridor.; Excellent Highway access at intersection of US Highway 360 and SR627.; Boasting 1155 feet of highway road frontage on US 360.
    (804) 513-6610
    We can help!
    Listing Contact
    David Keener
    David Keener
    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
    360 Patrick Henry Hwy, Amelia Court House, VA 23002
    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!