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    Acreage Farm with Shop Building Title is generated by Realmo AI

    474 Orchid Road, Mineral, VA 23117

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    Claim this Listing
    Pending
    $1,000,000

    LAND - Mineral, VA

    Property size:
    4,940 SF
    Lot size:
    67.60 Acres
    Added:
    Apr 12, 2026
    Days on Market:
    55
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 474 Orchid Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Pending
    APN
    96-25
    Lot size
    67.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    HANNON CREEK & ORCHID DB-220/512 67.60 .00
    Tax Annual Amount
    818

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Pond, Waterfront, Creek
    Water front
    1

    We can help!

    Listing Contact
    Krista McClain
    Krista McClain

    Listing agent Krista McClain License #0225086319

    Listing office Exit First Realty 11207 Nuckols Road Ste E, Glen Allen, VA

    Listing date Apr 12, 2026

    MLS# 2609428 Listing URL

    Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 67.6‑acre parcel with pond, waterfront, and a creek bordering the back of the property
    • Currently operated as a pig/sheep/chicken farm with fenced runs, chicken coups, garden spaces, and open pasture
    • 65x76 shop/utility building with 3‑phase electricity for workshop and equipment storage
    • Two mobile homes on site: one used as an office and one liveable but in need of repairs
    • 2 potential home sites with well, septic tank, and electricity already in place, including one overlooking the pond and pasture
    • Partially wooded and partially cleared with trails throughout for outdoor recreation

    Overview

    This 67.6-acre parcel is currently operated as a pig, sheep, and chicken farm. It features fenced runs, chicken coops, garden spaces, and open pasture areas. A large shop/utility building, measuring 65x76, is equipped with a 3-phase electricity supply, suitable for use as a workshop and for storing farm equipment. Livestock, specifically a flock of sheep, can be included with the purchase. Farm equipment and a 2024 F250 farm truck are available for separate purchase. The property includes two mobile homes; one is used as an office, and the other is habitable but requires repairs. These offer two potential home sites, each with existing well, septic, and electricity. One of these sites overlooks the pond and pasture. Partially wooded and partially cleared, the land features trails throughout. A creek borders the backside of the property. Open fields are suitable for horseback riding and recreation. Located in Mineral, Virginia, the property offers access to the interstate and surrounding counties. It is suitable for a private homestead, recreational use such as hunting, fishing, and ATV riding, or for investment purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center HVAC Service Garden Center Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Mineral
    County
    Louisa
    State
    Virginia
    Longitude
    -77.9046207
    Latitude
    37.8259286

    FAQs

    What type of property is this?
    Farm - 67.6 acre farm with shop building near interstate.
    Where is this farm located?
    The property is located at 474 Orchid Road Mineral, VA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 67.6‑acre parcel with pond, waterfront, and a creek bordering the back of the property; Currently operated as a pig/sheep/chicken farm with fenced runs, chicken coups, garden spaces, and open pasture; 65x76 shop/utility building with 3‑phase electricity for workshop and equipment storage
    (804) 252-7250
    We can help!
    Listing Contact
    Krista McClain
    Krista McClain
    Real Estate License ID: 0225086319
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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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