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    508 Hazelnut Dr Clarksville, VA 23927

    View on Map
    Sponsored
    For Sale
    $585,000

    Ranch - Clarksville, VA

    Type:Ranch
    Property size:
    2,676 SF
    Days on Market:
    2
    Last Refresh:
    Mar 21 at 5:06 am

    Property Features for 508 Hazelnut Dr

    General Information

    Property type
    Residential
    Property subtype
    Ranch
    Standard status
    Active
    Zoning
    R1
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Laundry, Living Room
    Bedrooms
    3
    Bathrooms
    3
    APN
    8539
    Parking
    2
    Parking features
    Carport
    Interior features
    1st Floor Bedroom, 1st Floor Laundry, 1st Floor Primary Bedroom, Basement, Ceiling Fan, Electric Dryer Hook-up, Florida Room, Garage Door Opener, Great Room, High Speed Internet, Office/Study, Rec Room, Smoke Detector, Storage Room, Utility/Laundry Room, Washer Hookup
    Exterior features
    Under 1 Acre, Boathouse, Lake View, Storage Room, Water View
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    2,676 SF

    Taxes and HOA fees

    Expense value
    160
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Utilities
    Electricity Available
    Heating system
    Fireplace(s), Heat Pump (Heating), Other (Heating), Wall Furnace
    Cooling system
    Electric
    Water front features
    271 Feet Of Waterfrontage

    Building Details

    Year built
    1991
    Flooring type
    Carpet, Carpet - Full, Laminate, Tile, Wood
    Building materials
    Cedar
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Carol Guerrant

    Century 21 Realty @ Home

    Listing agent Carol Guerrant

    Listing date Mar 20, 2026

    MLS# 72900 Listing URL

    Copyright © 2026 Southern Piedmont Land & Lake 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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Home on Kerr Lake

    This three-bedroom, three-bathroom home offers over 271 feet of waterfront on Kerr Lake, situated in a deep water cove with access to the main channel. The property features a cozy fireplace, a sunroom with natural light, a remodeled kitchen with custom cabinets, and an updated primary bath. Updates include a new HVAC system installed in 2021 and windows replaced in 2020. The basement provides living space with a large recreation room, bathroom, office, workshop, storage area, and a built-in safe. A two-car detached garage offers shelving and storage, along with a lean-to for boat storage. The property includes a boathouse with a solar-powered boat lift, two jet ski ports, kayak storage, and a locker. It is located minutes from Kinderton Country Club and the shops, dining, and live entertainment in Clarksville. The property is also located 15 minutes from Microsoft in Boydton and 35 minutes from I-85. The property contains 2,676 square feet of living space. The property is sold AS IS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Hotel & Motel (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.5003424
    Latitude
    36.5892414

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    FAQs

    What type of property is this?
    Specialty property - Three-bedroom home with 271 ft of waterfront on Kerr Lake.
    Where is this specialty property located?
    The property is located at 508 Hazelnut Dr Clarksville, VA.
    What is the asking price?
    The asking price for this property is $585,000.
    (434) 917-0259
    Request Owner's contact information
    508 Hazelnut Dr Clarksville, VA 23927
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    Clarksville, VA 23927
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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.

    More about this property
    508 Hazelnut Dr Clarksville, VA 23927
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    Listing Contact
    Carol Guerrant
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