Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4055 Highway Nine-O-Three Bracey, VA 23919

    View on Map
    Claim this Listing
    For Sale
    $49,900

    Commercial Sale, Other - Bracey, VA

    Lot size:
    1.58 Acres
    Added:
    Jul 15, 2025
    Days on Market:
    292
    Last Refresh:
    May 2 at 8:06 pm

    Property Features for 4055 Highway Nine-O-Three

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.58 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dora 'the Lake Explorer' Smith

    Listing agent Dora 'the Lake Explorer' Smith License #0225195359,PersonLicenseNumber

    Listing office NextHome 1st Choice 3464 Highway 903, VA

    Listing date Jul 15, 2025

    MLS# 139787 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot Near Lake Gaston

    This commercial lot, located in Bracey, Virginia, is within walking distance of the Post Office, a local strip mall, and Dollar General. Situated minutes from Lake Gaston, the 1.58-acre property presents an excellent investment opportunity for a high-traffic commercial venture. The lot has improvements, including an existing well and septic system in AS IS condition, which may be serviceable. Zoned B1 for neighborhood business, the location is suitable for business, professional office, or retail use. The property benefits from its proximity to other professional businesses and is just minutes from I-85. The high-traffic location boasts a daily traffic count estimate exceeding 5,000, offering significant visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bracey
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.1361686
    Latitude
    36.5940397

    Nearby Similar for Sale

    • $495,000

      Established Butcher Shop Near Lake Gaston

      Thriving butcher shop, deli, and grocery store for sale.
      50 Golf Drive, Bracey, VA 23919
      View Details
    • $675,000

      Lakefront Lot Ready for Building

      Cleared lot with deep water access and sunset views.
      Lot 32 Dogwood Way, Bracey, VA 23919
      View Details
    • $20,000

      Lake Gaston Building Lot

      Half-acre lot near Lake Gaston with community amenities.
      26 Locust Drive, Bracey, VA 23919
      View Details
    • $59,000

      Residential Lot Near Lake Gaston

      1.93 acre residential lot near Lake Gaston.
      Lot 16 Hill Ln, Bracey, VA 23919
      View Details
    • $14,500

      Residential Lot in Lake Gaston

      Wooded lot in Lake Gaston waterfront community with boat ramp.
      LOT 64 Windward Passage, Bracey, VA 23919
      View Details
    • $29,900

      Residential Lot with Lake Views

      Lake Gaston lot with amenities and water views.
      Lot 40 Fairview Terrace, Bracey, VA 23919
      View Details
    • $16,000

      Residential Lot in Lake Gaston

      Wooded lot in Lake Gaston waterfront community with boat ramp.
      LOT 51 Windward Passage, Bracey, VA 23919
      View Details
    • $7,000

      Residential Lot in Tanglewood Shores

      Wooded lot in amenity-rich community near Lake Gaston.
      Lot 25E Sycamore, Bracey, VA 23919
      View Details
    • $9,000

      Residential Lot with Lake Access

      Residential lot with lake access, conveniently located near I-85.
      Lot 60 Windward Passage, Bracey, VA 23919
      View Details
    • $32,000

      Residential Lot with Utilities

      Partially cleared lot with utilities ready for development.
      42 Chaco Trail, Bracey, VA 23919
      View Details
    • $14,500

      Wooded Lot in Lake Gaston

      Wooded lot in waterfront community with boat ramp access.
      LOT 64 Windward Passage, Bracey, VA 23919
      View Details
    • $19,900

      Residential Lot in Amenity-Rich Subdivision

      Wooded lot with community amenities and Lake Gaston access.
      0 Chestnut Drive, Bracey, VA 23919
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot in Bracey, near Lake Gaston, with existing improvements.
    Where is this commercial land located?
    The property is located at 4055 Highway Nine-O-Three Bracey, VA.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: High traffic location with daily traffic count exceeding 5,000.; Zoned B1 - neighborhood business, suitable for business, professional office, or retail.; Minutes from Lake Gaston, ideal for a Lake Gaston business.
    (434) 774-0945
    We can help!
    Listing Contact
    Dora 'the Lake Explorer' Smith
    Real Estate License ID: 0225195359,PersonLicenseNumber
    Learn More
    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

    4055 Highway Nine-O-Three, Bracey, VA 23919

    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!