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    Agricultural Recreational Land Tract Title is generated by Realmo AI

    4332 HALIFAX RD, Chatham, VA 24531

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    Claim this Listing
    Pending
    $1,300,000

    LAND - CHATHAM, VA

    Lot size:
    228.00 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    92
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 4332 HALIFAX RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    228.00 Acres

    Taxes and HOA fees

    Tax Description
    400 DOE LN Parcel ID: 2445-18-9487 / Assessed Parcel ID: 2445-18-9487 +/- 619 Acres. NOTE THIS PROPERTY FOR 228 ACRES HAS NOT YET BEEN SUBDIVIDED AND IS STILL PART OF THE 619-ACRE TRACT.

    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 Mar 6, 2026

    MLS# 674030 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.

    HighLights

    • Approximately 228‑acre parcel within the historic Whitehall estate at 400 Doe Lane, offered subject to final survey
    • Balanced land mix of open pasture and mature woodland
    • Scenic pond on the property
    • Gently rolling terrain with several potential homesites across the tract
    • Land supports flexible uses including agricultural use, recreation, or a private rural retreat

    Overview

    Offered for sale, this approximately 228-acre parcel is part of the historic Whitehall estate at 400 Doe Lane and is subject to final survey. The property includes a balanced mix of open pasture and mature woodland, along with a scenic pond. Gently rolling terrain helps create an appealing mix of usable ground and natural cover, while the overall layout includes several potential homesites across the tract.

    Set in the quiet countryside of Pittsylvania County, the land offers a rural setting while remaining within convenient reach of Chatham and regional routes. The combination of open fields and wooded acreage is well-suited for wildlife habitat and outdoor activities, including hunting and trail riding.

    This tract can work for buyers looking for room to run livestock or pursue other agricultural use, as well as those seeking recreational land with natural features for hunting and day-to-day outdoor enjoyment. For residential buyers, the presence of multiple potential homesites provides flexibility for planning a private retreat within a larger, mixed-use acreage footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.3263364
    Latitude
    36.8236721

    Nearby Similar for Sale

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      125 Acres Historic Whitehall Estate

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Large rural tract with pasture, mature woodland, and a scenic pond for farming, hunting, or private recreation.
    Where is this agricultural land / farmland located?
    The property is located at 4332 HALIFAX RD Chatham, VA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Approximately 228‑acre parcel within the historic Whitehall estate at 400 Doe Lane, offered subject to final survey; Balanced land mix of open pasture and mature woodland; Scenic pond on the property
    (213) 458-4464
    We can help!
    Listing Contact
    ANDREW HARDY
    Real Estate License ID: 0225259161
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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.

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