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
    The Largest CRE Database in the US with Over 1 Million Listings

    7400 Bull Run Dr Centreville, VA 20121

    Sponsored
    For Sale
    $550,000

    LAND - CENTREVILLE, VA

    Lot size:
    5.09 Acres
    Days on Market:
    149
    Last Refresh:
    Jan 30 at 9:06 pm

    Property Features for 7400 Bull Run Dr

    General Information

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

    We can help!

    Listing Contact
    James M Cheatle
    James M Cheatle

    Century 21 New Millennium (703) 753-7910

    Listing agent James M Cheatle (540) 825-1613 License #0225057873

    Listing date Sep 4, 2025

    MLS# VAFX2265372

    Copyright © 2025 Bright MLS. 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

    Centreville Land Opportunity

    This 5.09-acre wooded lot presents an opportunity to build a custom home. The property, which backs up to Bull Run, benefits from the absence of a Homeowners Association. Individual well and septic systems are required. High-speed internet is available. The location provides convenient access to Route 66, Route 29, parks, a winery, shopping, and dining. The surrounding area features upscale houses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Auto Repair Shop Wholesale Shop Building Supply Hotel & Motel Department Store Kitchen & Bath HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Centreville
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.49159487
    Latitude
    38.81367739

    Nearby Similar for Sale

    • $289,500

      Commercial Space Near I-66

      Office space in Centreville, VA, near shops and fitness center.
      14641 Rte 29, Centreville, VA 20121
      View Details
    • $599,000

      Updated Townhouse with Tranquil View

      Move-in ready 4BR townhouse with pond view and updated features.
      6516 Sharps Dr, Centreville, VA 20121
      View Details
    • $570,000
      1,656 SF

      Bright Townhome with Updated Features

      Brick-front townhome with updates, four bedrooms, and outdoor living spaces.
      14096 Winding Ridge Ln, Centreville, VA 20121
      View Details
    • $650,000

      Updated Townhome in Sully Station

      Updated 3-bedroom townhome with garage in desirable Sully Station.
      14542 Eddy Ct, Centreville, VA 20120
      View Details
    • $510,000
      1,160 SF

      Centreville Townhome with Modern Updates

      Updated 3-bedroom townhome in London Towne neighborhood, Centreville.
      14832 Palmerston Sq, Centreville, VA 20120
      View Details
    • $565,000

      Centreville Townhouse with Dual Suites

      Spacious townhouse featuring dual master suites and modern updates.
      13863 Laura Ratcliff Ct, Centreville, VA 20121
      View Details
    • $525,000
      1,824 SF

      End-Unit Townhome in Newgate

      Beautifully maintained 4-bedroom townhome with updated gourmet kitchen.
      14417 Salisbury Plain Ct, Centreville, VA 20120
      View Details
    • $257,500
      728 SF

      Modern Condo with Commuter Convenience

      Updated 1-bedroom condo with modern amenities and easy commuting.
      14800 Rydell Rd, Centreville, VA 20121
      View Details
    • $295,000
      741 SF

      Charming Stonegate Garden-Style Unit

      Inviting 1BR/1BA unit with updated kitchen and community amenities.
      5126 Brittney Elyse Cir, Centreville, VA 20120
      View Details
    • $595,000

      Spacious Townhome in Little Rocky Run

      Three-bedroom townhome with finished basement, deck, and fenced backyard.
      13939 Waterflow Pl, Centreville, VA 20121
      View Details
    • $540,000

      Centreville Specialty Property For Sale

      Specialty property available for purchase in Centreville, Virginia.
      6316 Mary Todd Ln, Centreville, VA 20121
      View Details
    • $625,000

      Creek Branch Specialty Property

      Specialty property available for sale in Centreville, Virginia.
      14521 Creek Branch Ct, Centreville, VA 20120
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5-acre wooded lot to build your dream home.
    Where is this residential land & home lot located?
    The property is located at 7400 Bull Run Dr Centreville, VA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - 5-acre wooded lot offers privacy and space for a custom-built home.; - No HOA provides freedom and flexibility in building and property use.; - Backs to Bull Run, offering potential for scenic views and recreational opportunities.
    (540) 718-2950
    Request Owner's contact information
    7400 Bull Run Dr Centreville, VA 20121
    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.
    7400 Bull Run Dr
    Centreville, VA 20121
    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
    7400 Bull Run Dr Centreville, VA 20121
    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

    We can help!
    Listing Contact
    James M Cheatle
    James M Cheatle
    Real Estate License ID: 0225057873
    (540) 718-2950
    Learn more
    Google sign-in failed. Please try again or use another login method.