Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Reedville, VA Title is generated by Realmo AI

    Lot 56 Skys Limit Court, Reedville, VA 22539

    View on Map
    Claim this Listing
    For Sale
    $34,500

    Non-Waterfront Land - Reedville, VA

    Type:Single Family Residence
    Lot size:
    1.25 Acres
    Added:
    Aug 26, 2025
    Days on Market:
    266
    Last Refresh:
    May 18 at 10:06 pm

    Property Features for Lot 56 Skys Limit Court

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Residential
    Standard status
    Active
    APN
    28D-1-56
    Lot size
    1.25 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Anjelica Crockett

    Listing agent Anjelica Crockett

    Listing office Middle Bay Realty - K P. O. Box 789, Kilmarnock, VA

    Listing date Aug 26, 2025

    MLS# 117913 Listing URL

    Copyright © 2026 Northern Neck 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

    • Level, clear lot in an esteemed waterfront community.
    • Easy access to Sloop Creek off of the Little Wicomico River.
    • Feasibility letter for a 4 bedroom conventional septic system available.
    • Located within minutes of Reedville, Burgess, and Heathsville.
    • Suitable for a forever home or weekend home.
    • Owner financing available.

    Overview

    This 1.25-acre level, clear lot is located in a waterfront community, offering an opportunity for building a permanent or weekend home. The property provides access to Sloop Creek off of the Little Wicomico River and is located within minutes of Reedville, Burgess, and Heathsville. A feasibility letter for a 4-bedroom conventional septic system is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Hotel & Motel Bed & Breakfast Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Reedville
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.3025575
    Latitude
    37.8874854

    Nearby Similar for Sale

    • $475,000

      Waterfront Land on Cockrell's Creek

      3.36 acres with deep water access for commercial/residential development.
      15 Edwards Lane, Reedville, VA 22539
      View Details
    • $495,500
      4,132 SF

      Income-Producing Mixed-Use Investment Property

      Versatile property with four units: store, restaurant, and apartments.
      227 Sunny Bank Road, Reedville, VA 22539
      View Details
    • $975,000

      Secluded Waterfront Property in Reedville

      17-acre property with stunning views and extensive shoreline.
      00 Taylors Beach Rd, Reedville, VA 22539
      View Details
    • $254,900

      Waterfront Land in Reedville, VA

      4.56 acre waterfront lot ready for your dream home.
      012 Old Fairport Road, Reedville, VA 22539
      View Details
    • $45,000

      Water Access Lot in Reedville

      Corner lot with community beach, dock, and sewer hookup.
      Lot 52 Emerald Cove Road, Reedville, VA 22539
      View Details
    • $179,000

      Waterfront Land on Little Wicomico

      1.84-acre waterfront parcel with river views in Reedville, Virginia.
      Lot164B1 Blue Marl Lane, Reedville, VA 22539
      View Details
    • $150,000

      Waterfront Land in Reedville, VA

      1.95-acre waterfront parcel on the Little Wicomico River.
      Lot 164B Blue Marl Lane, Reedville, VA 22539
      View Details
    • $289,000

      Waterfront Land with Timber Value

      Large acreage waterfront parcel perfect for building your dream home.
      Par 66 Whays Creek Road, Reedville, VA 22539
      View Details
    • $100,000

      Waterfront Land in Reedville, VA

      1.16-acre waterfront parcel on the Little Wicomico River.
      Lot164B2 Blue Marl Lane, Reedville, VA 22539
      View Details
    • $189,000

      Waterfront Land Ready For Building

      Waterfront building site with community amenities in Reedville, Virginia.
      53 Smith Point View, Reedville, VA 22539
      View Details
    • $135,000

      Waterfront Lot on Owens Pond

      1.11-acre waterfront lot with Chesapeake Bay access.
      Emerald Cove Rd, Reedville, VA 22539
      View Details
    • $300,000

      Waterfront Land with Bay Access

      7.6-acre waterfront lot with navigable access to the bay.
      Taylor's Beach Rd, Reedville, VA 22539
      View Details

    FAQs

    What type of property is this?
    Land - Level, clear lot in waterfront community near Little Wicomico River.
    Where is this land located?
    The property is located at Lot 56 Skys Limit Court Reedville, VA.
    What is the asking price?
    The asking price for this property is $34,500.
    What are key features of this property?
    This property features: Level, clear lot in an esteemed waterfront community.; Easy access to Sloop Creek off of the Little Wicomico River.; Feasibility letter for a 4 bedroom conventional septic system available.
    (804) 761-5462
    We can help!
    Listing Contact
    Anjelica Crockett
    Real Estate License ID: 0225210802
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Lot 56 Skys Limit Court, Reedville, VA 22539
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!