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    400 DOE LN Chatham, VA 24531

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    Claim this Listing
    For Sale
    $3,750,000

    Farm - CHATHAM, VA

    Type:Farm
    Property size:
    4,000 SF
    Lot size:
    619.00 Acres
    Price / SF:
    $937/SF
    Added:
    May 5, 2025
    Days on Market:
    361
    Last Refresh:
    Apr 30 at 3:06 am

    Property Features for 400 DOE LN

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    A-1 Agricultural General
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Family Room
    Parking
    1
    Basement Y/N
    1
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    619.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Baseboard, Floor Furnace
    Cooling system
    Central Air

    Building Details

    Year built
    1939
    Floors in Building
    2
    Architectural style
    Other

    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 May 5, 2025

    MLS# 664087 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.

    Overview

    Historic Chatham Estate with Acreage

    Whitehall, a historic 619-acre estate in Chatham, Virginia, offers timeless Southern elegance. Constructed in 1939 by the son of U.S. Congressman Joseph Whitehead, the plantation-style home is situated atop a hill, accessed via a half-mile oak-lined driveway. The residence spans 4000 square feet and includes five bedrooms, with four located upstairs and one on the main level. It also features two full bathrooms, including a walk-in shower and soaking tub. Ten-foot ceilings enhance the spaciousness of the dining room and large living room. A screened-in porch provides an area for relaxation and gatherings. The land comprises open pasture and harvestable timber. Five ponds add to the scenic beauty and recreational opportunities. The property includes Banister River frontage and borders the White Oak Mountain game preserve, enhancing privacy and natural beauty. The property is zoned A-1 Agricultural General. This estate is suitable for hunting, fishing, farming, or trail riding. Located minutes from Chatham and under two hours from major cities, Whitehall offers a blend of history, beauty, and versatility.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Chatham
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.4485
    Latitude
    36.8414

    Nearby Similar for Sale

    • $585,000

      125-Acre Agricultural Land Parcel

      125-acre parcel ideal for estate, agriculture, or recreation.
      3644 HALIFAX RD, CHATHAM, VA 24531
      View Details
    • $1,300,000

      228-Acre Agricultural Land Parcel

      Historic Whitehall estate land for agriculture, recreation, or private retreat.
      4332 HALIFAX RD, CHATHAM, VA 24531
      View Details
    • $2,300,000
      4,000 SF

      Historic Chatham Farm Estate

      234-acre farm with historic home near Chatham, Virginia.
      400A DOE LN, CHATHAM, VA 24531
      View Details
    • $230,000

      Chatham Land with Timber

      49.13 acre Chatham, VA property with timber.
      00 ABBOTT PL, Chatham, VA 24531
      View Details

    FAQs

    What type of property is this?
    Farm - Historic 619-acre estate with plantation-style home and diverse land.
    Where is this farm located?
    The property is located at 400 DOE LN Chatham, VA.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: Historic 619‑acre estate with a plantation‑style home built in 1939; Enjoy the half‑mile oak‑lined driveway leading to a hilltop residence; Five bedrooms and two full bathrooms, including a walk‑in shower and soaking tub
    (213) 458-4464
    We can help!
    Listing Contact
    ANDREW HARDY
    Real Estate License ID: 0225259161
    Learn More
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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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