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    The Largest CRE Database in the US with Over 1 Million Listings

    405 5Th St Clarksville, VA 23927

    Sponsored
    For Sale
    $350,000

    Ranch - Clarksville, VA

    Type:Ranch
    Property size:
    1,274 SF
    Days on Market:
    4
    Last Refresh:
    Feb 21 at 9:06 pm

    Property Features for 405 5Th St

    General Information

    Property type
    Residential
    Property subtype
    Ranch
    Standard status
    Active
    Zoning
    R3
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Dining Room, Family Room, Kitchen, Living Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    22279
    Parking
    1
    Parking features
    Carport
    Interior features
    1st Floor Bedroom, 1st Floor Laundry, Ceiling Fan, Dining Room, Electric Dryer Hook-up, High Speed Internet, Utility/Laundry Room, Walk-in Closet(s), Washer Hookup
    Exterior features
    Under 1 Acre, Garden Space, Gravel Drive, Lake View, Storage, Water View
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Size
    1,274 SF

    Utilities

    Utilities
    Electricity Available
    Heating system
    Fireplace(s), Heat Pump (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1985
    Flooring type
    Hardwood
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Ranch
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Robert Obst

    Long & Foster - Tri-Cities/Southpark (804) 520-5600

    Listing agent Robert Obst (804) 520-5600

    Listing date Feb 18, 2026

    MLS# 72816 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.

    Learn more

    Property Insight Report

    Overview

    Charming Ranch with Lake Views

    Located in Clarksville's Golf Cart District, this home at 405 Fifth Street features 2 bedrooms and 1.5 baths. The 1274 square foot property offers open-concept living with lake views and energy-efficient upgrades. Solar panels, installed in 2020, contribute to minimal power bills. The updated kitchen includes new cabinetry, a center island with granite countertops, and a large pantry. The living room features a wood-burning fireplace and lake views. The primary bedroom has a walk-in closet and lake views. The crawlspace is fully encapsulated with 2" termite-treated panel insulation around the perimeter. Heat-reflective film is installed on all front doors and windows. Situated two blocks from Clarksville Marina, residents can dock boats or launch kayaks. The property is zoned R3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.5531295
    Latitude
    36.6192947

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    FAQs

    What type of property is this?
    Single family property - Updated 2-bedroom home in Clarksville's Golf Cart District.
    Where is this single family property located?
    The property is located at 405 5Th St Clarksville, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Stunning lake views and direct lake access with kayak launch from front yard, close to marina.; - Energy-efficient upgrades: solar panels provide little to no power bill, plus encapsulated crawlspace, and heat-reflective window film.; - Updated kitchen boasts new cabinetry, granite countertops, center island, and large pantry.
    (434) 738-7193
    Request Owner's contact information
    405 5Th St Clarksville, VA 23927
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    Clarksville, VA 23927
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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
    405 5Th St Clarksville, VA 23927
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    We can help!
    Listing Contact
    Robert Obst
    (434) 738-7193 (804) 520-5600 (434) 374-2392
    Learn more
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