Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    501 Racefield Dr Toano, VA 23168

    For Sale
    $1,499,000

    Land And Farms - Toano, VA

    Lot size:
    130.00 Acres
    Days on Market:
    220
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 501 Racefield Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    A1
    Lot size
    130.00 Acres

    Utilities

    Water front features
    Creek, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Berkshire Hathaway HomeServices RW Towne Realty (757) 690-0439 [email protected]

    Listing agent Joe Terrell (757) 690-0439

    Listing date Apr 30, 2025

    MLS# 10520753 Listing URL

    Copyright © 2025 Real Estate Information Network, 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

    Large Acreage in James City

    This unique property offers over 130 acres in James City County, Virginia, consisting of two contiguous parcels. Approximately thirty acres are open land currently under cultivation. The balance of the land is wooded with gently rolling terrain and open trails that provide good access throughout the property. The upper portion of Diascund Creek forms the southern border, offering vistas suitable for potential homesites. The property presents many potential uses, including single-family residential, farming, or an equestrian facility, and recreation with plentiful waterfowl and wildlife. It is enrolled in James City County's AFD program. The property is located minutes from Exit 227 of I 64 and has road frontage on both Racefield Drive and Stewarts Road. Bring your horses!
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop Car Rental Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Toano
    County
    James City
    State
    Virginia
    Longitude
    -76.871518
    Latitude
    37.426195

    FAQs

    What type of property is this?
    Farm - Over 130 acres in James City County, Virginia.
    Where is this farm located?
    The property is located at 501 Racefield Dr Toano, VA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Over 130 acres of land in James City County.; - 30 acres of open land currently under cultivation.; - Diascund Creek creates the southern border, offering potential homesites with nice vistas.
    (757) 690-0439
    Request Owner's contact information
    501 Racefield Dr Toano, VA 23168
    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.
    501 Racefield Dr
    Toano, VA 23168
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    501 Racefield Dr Toano, VA 23168
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.