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

    398 Bayles Ln Louisa, VA 23093

    View on Map
    Sponsored
    For Sale
    $64,750

    LAND - LOUISA, VA

    Lot size:
    3.96 Acres
    Days on Market:
    17
    Last Refresh:
    Mar 21 at 8:06 pm

    Property Features for 398 Bayles Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.96 Acres

    We can help!

    Listing Contact
    STEPHANIE WOOLFOLK
    STEPHANIE WOOLFOLK

    RE/MAX Realty Specialists

    Listing agent Stephanie Marie Chick Woolfolk License #0225245504

    Listing date Mar 4, 2026

    MLS# VALA2009104 Listing URL

    Copyright © 2026 Bright MLS. 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

    Land in Louisa, Virginia

    This property features two parcels totaling 3.965 acres suitable for country living. A conventional 3-bedroom septic system is already in place. Spring water is available, and electricity is connected on site. The property includes a level building area, potentially simplifying the construction process. Located off Byrd Mill Rd, the parcel offers convenient access. Manufactured homes are permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Louisa
    County
    Louisa
    State
    Virginia
    Longitude
    -78.09509852
    Latitude
    38.00496184

    Nearby Similar for Sale

    • $625,000
      28.50 Acres

      28.5 Acres Fenced Pastures, Barn

      28.5 acres with fenced pastures, barn, and office space.
      50 Elizabeth Ln, Louisa, VA 23093
      View Details
    • $525,000

      Louisa Office Building For Sale

      Two-story office building with six suites in downtown Louisa.
      115 W Main St, Louisa, VA 23093
      View Details
    • $159,900
      0.92 Acres

      Land with Well and Septic

      Land with well, septic, garage, and lake access potential.
      Aspen Hl Rd, Louisa, VA 23093
      View Details
    • $2,000,000

      Self-Storage Facility with Expansion Potential

      Self-storage facility with 175 units and expansion possibilities.
      4041 Davis Hwy, Louisa, VA 23093
      View Details
    • $2,000,000

      Louisa Storage Facility For Sale

      Self-storage facility with expansion potential in Louisa, Virginia.
      4041 Davis Hwy, Louisa, VA 23093
      View Details
    • $529,000

      Lakeshore Drive Specialty Property

      Specialty property available on Lakeshore Drive in Louisa, Virginia.
      1262 S Lakeshore Dr, Louisa, VA 23093
      View Details
    • $339,000

      Louisa Specialty Property For Sale

      Specialty property available for purchase in Louisa, Virginia.
      309 Ellis Dr, Louisa, VA 23093
      View Details
    • $539,000

      Louisa Specialty Property For Sale

      Specialty property available for sale in Louisa, Virginia.
      101 Barnstormer Cir, Louisa, VA 23093
      View Details
    • $447,745
      Pending

      Louisa Specialty Property For Sale

      Specialty property available for purchase in Louisa, Virginia.
      292 Bannister Town Rd, Louisa, VA 23093
      View Details
    • $1,224,797
      3,936 SF

      Louisa Office Building For Rent

      Office building in Louisa with expansion potential and fiber internet.
      102 Club Rd, Louisa, VA 23093
      View Details
    • Contact for pricing
      2.14 Acres

      Prime Louisa Office Space

      Versatile Office Suites, 5,478 SF
      115 Jefferson Hwy, Louisa, VA 23093
      View Details
    • $1,500,000
      15.50 Acres

      I-64 Louisa Commercial Land

      Prime 15.5-Acre Commercial Tract
      I-64, Louisa, VA 23093
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.965 acres with septic, spring water, and electricity.
    Where is this residential land & home lot located?
    The property is located at 398 Bayles Ln Louisa, VA.
    What is the asking price?
    The asking price for this property is $64,750.
    What are key features of this property?
    This property features: - Two parcels totaling 3.965 acres offer ample space and country living.; - A 3-bedroom conventional septic system is already in place.; - Electricity is available on site, simplifying the building process.
    (540) 872-1400
    Request Owner's contact information
    398 Bayles Ln Louisa, VA 23093
    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.
    398 Bayles Ln
    Louisa, VA 23093
    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
    398 Bayles Ln Louisa, VA 23093
    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
    STEPHANIE WOOLFOLK
    STEPHANIE WOOLFOLK
    Real Estate License ID: 0225245504
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!