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    507 Sherman Ave Hopewell, VA 23860

    For Sale
    $90,000

    LAND - Hopewell, VA

    Lot size:
    0.46 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 507 Sherman Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    085-0020
    Lot size
    0.46 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Hometown Realty Services (804) 249-6711 [email protected]

    Listing agent Craige Sprouse (804) 752-7585 License #0225249225

    Listing date Nov 24, 2025

    MLS# 2529052 Listing URL

    Copyright © 2025 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.

    Overview

    Hopewell, VA Half-Acre Lot

    Located in Hopewell, Virginia, this 0.4591-acre lot presents an opportunity for investors or homebuilders. The property features level terrain within an established neighborhood, offering a natural setting. The lot has road frontage and onsite water and sewer hookups. The property may be subdivided, allowing for the construction of multiple homes or investment projects. It is located close to Hopewell High, shopping, and major commuter routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Hopewell
    State
    Virginia
    Longitude
    -77.307691
    Latitude
    37.288072

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    FAQs

    What type of property is this?
    Land - Half-acre lot in Hopewell, ready for development.
    Where is this land located?
    The property is located at 507 Sherman Ave Hopewell, VA.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: - Half-acre lot in desirable Hopewell location.; - Level terrain and established neighborhood.; - Water and sewer hookups available.
    (804) 752-7585
    Request Owner's contact information
    507 Sherman Ave Hopewell, VA 23860
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    Hopewell, VA 23860
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    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
    507 Sherman Ave Hopewell, VA 23860
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