Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7 SEAY CT Cape Charles, VA 23310

    View on Map
    Claim this Listing
    New
    For Sale
    $105,000

    Land - CAPE CHARLES, VA

    Lot size:
    0.37 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 3:06 pm

    Property Features for 7 SEAY CT

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Expense value
    2196
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    SHAUN STERLING

    Listing agent SHAUN STERLING

    Listing office LONG & FOSTER - VB 3181 Shore drive, Virginia Beach, VA

    Listing date Apr 21, 2026

    MLS# 71259 Listing URL

    Copyright © 2026 Eastern Shore 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.

    Overview

    Bay Creek Building Lot

    This 0.365-acre building lot is located in the Signature Village section of Bay Creek. Bay Creek features two golf courses: a Jack Nicklaus 9-hole course and an Arnold Palmer 18-hole course, as well as nature trails. Owners have access to a sandy beach on the Chesapeake Bay. Sports and Golf club membership is available for a fee, but not required. The lot is a short distance from the historic Cape Charles downtown area, which includes eateries, shops, beaches, and attractions including festive Fridays. This lot provides access to Bay Creek and the Eastern Shore of Virginia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Gym & Fitness Center Department Store Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Charles
    County
    Northampton
    State
    Virginia
    Longitude
    -76.0024703
    Latitude
    37.2531677

    Nearby Similar for Sale

    • $349,000
      1,132 SF

      Historic Bank Building in Cape Charles

      Historic building suitable for residential, business, or commercial use.
      4322 CAPEVILLE DR, CAPE CHARLES, VA 23313
      View Details
    • $1,400,000
      10,745 SF

      Peacock Motel on 8.32 Acres

      Traditional motor court motel near Cape Charles on US Route 13.
      26369 LANKFORD HWY, CAPE CHARLES, VA 23310
      View Details
    • $157,500

      Prime Land in Cape Charles

      Two combined lots with excellent visibility and commercial potential.
      3351 STONE RD, CAPE CHARLES, VA 23310
      View Details
    • $350,000

      Waterfront Lot in Bay Creek

      Waterfront building lot with marina views in Bay Creek.
      Lot 14A WATERS EDGE DRIVE, CAPE CHARLES, VA 23310
      View Details
    • $995,000

      Beachfront Lot in Cape Charles

      2.5+ acre beachfront lot with pristine views.
      Lot 8 SAND HILL DR, CAPE CHARLES, VA 23310
      View Details
    • $699,000

      Beachfront Lot in Cape Charles

      2.5-acre beachfront lot with access to pristine beach.
      Lot 21 SAND HILL DR, CAPE CHARLES, VA 23310
      View Details
    • $765,000

      Beachfront Land in Cape Charles

      Prime beachfront homesite with access to amenities and historic Cape Charles.
      Lot # 2 ELLIOTTS CREEK LN, CAPE CHARLES, VA 23310
      View Details
    • $495,000

      Waterfront Land in Cape Charles

      Waterfront homesite with views of Plantation Creek near amenities.
      97 CREEKSIDE LN, CAPE CHARLES, VA 23310
      View Details
    • $290,000
      3,150 SF

      Restaurant Ready Retail Space

      Retail space suitable for restaurant conversion near Cape Charles.
      21229 S. BAYSIDE ROAD, CAPE CHARLES, VA 23310
      View Details
    • $1,395,000
      4,088 SF

      Historic Cape Charles Commercial Property

      Unique 1920s building with revitalization potential in Cape Charles, VA.
      1 FIG ST, CAPE CHARLES, VA 23310
      View Details
    • $95,000

      Cleared Lot with Boat Slip

      Build-ready lot with boat slip and community amenities.
      Lot 100 GWYNN COURT, CAPE CHARLES, VA 23310
      View Details
    • $105,000

      Bay Creek Building Lot

      Building lot in Bay Creek near golf and beaches.
      7 SEAY CT, cape charles, VA 23310
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lot in Bay Creek near golf and beaches.
    Where is this residential land & home lot located?
    The property is located at 7 SEAY CT Cape Charles, VA.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: Bay Creek building lot with access to a breathtaking sandy beach on the Chesapeake Bay.; Located in Bay Creek, featuring two signature golf courses (Jack Nicklaus and Arnold Palmer).; Proximity to the historic and delightful Cape Charles downtown area with eateries, shops, and beaches.
    (757) 854-8171
    We can help!
    Listing Contact
    SHAUN STERLING
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!