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

    7503 JAMES MADISON Highway Gainesville, VA 20155

    View on Map
    For Sale
    Under Contract
    $1,060,800

    LAND - GAINESVILLE, VA

    Lot size:
    6.24 Acres
    Added:
    Jun 6, 2024
    Days on Market:
    667
    Last Refresh:
    Apr 3 at 3:06 am

    Property Features for 7503 JAMES MADISON Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    6.24 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    2330

    We can help!

    Listing Contact
    Edward A. Martin

    Listing agent Edward A. Martin License #0225075345

    Listing office Keller Williams Realty/Lee Beaver & Assoc. 8100 Ashton Avenue unit: 103, Manassas, VA

    Listing date Jun 6, 2024

    MLS# VAPW2072828

    Copyright © 2026 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.

    Overview

    Gainesville, VA Raw Land

    This property features 6.24 acres of raw land situated along James Madison Highway (Rt 15) in Gainesville, VA. A Special Use Permit (SUP) is in place for a religious institution and related facilities. Engineering studies are available from the seller. A plat is also available. Prospective buyers are advised to consult county records and offices for specific inquiries regarding development and potential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6642881
    Latitude
    38.7940509

    Nearby Similar for Sale

    • $350,000

      bb.q Chicken Restaurant For Sale

      Franchise restaurant opportunity in a high-visibility location.
      13841 HEATHCOTE Boulevard unit: 130, GAINESVILLE, VA 20155
      View Details
    • $800,000

      Retail, Industrial, Flex Space Available

      Premier shopping destination with retail, industrial, and flex space.
      7481 Limestone Dr, GAINESVILLE, VA 20155
      View Details
    • $599,000

      Waterfront Estate Lot on Lake

      10-acre wooded waterfront lot with panoramic views.
      15900 SUNSHINE RIDGE LN, GAINESVILLE, VA 20155
      View Details
    • $2,000,000

      Gainesville Land Near Lake Manassas

      Nearly 7 acres on US-29 with high traffic volume.
      14813 Lee Hwy, GAINESVILLE, VA 20155
      View Details
    • $2,500,000

      Prime Commercial Land on Lee Highway

      2.1 acre B-1 zoned land with exceptional visibility.
      14203 Lee Hwy, GAINESVILLE, VA 20155
      View Details
    • $2,500,000

      Gainesville Land on US-29

      2.49 acres on US-29 near Lake Manassas.
      14813 Lee Hwy, GAINESVILLE, VA 20155
      View Details
    • $485,000

      Charming Townhome Style Condo

      End unit condo with garage in desirable Heathcote Commons.
      6900 KONA DR DRIVE, GAINESVILLE, VA 20155
      View Details
    • $2,500,000

      Gainesville Commercial Land on Lee Highway

      2.1 acre commercial land with high visibility near I-66.
      14203 Lee Hwy, Gainesville, VA 20155
      View Details
    • $895,000

      Commercial Land For Sale

      One acre of B-1 commercial land available in Gainesville, Virginia.
      14809 Lee Hwy, GAINESVILLE, VA 20155
      View Details
    • $5,457,000
      3,086 SF

      New Retail Building For Sale

      New construction retail building with corporate ground lease in Gainesville.
      5000 Wellington Rd, Gainesville, VA
      View Details
    • $85,000,000

      Gainesville Land For Sale

      48 acre commercial land available in Gainesville, Virginia.
      15500 - 15516 (13 lots) LEE Highway, GAINESVILLE, VA 20155
      View Details
    • $950,000

      Gainesville Land For Sale

      6.57 acres in Gainesville with potential for rezoning.
      7509 JAMES MADISON Highway, GAINESVILLE, VA 20155
      View Details

    FAQs

    What type of property is this?
    Land - 6.24 acres of raw land on James Madison Highway.
    Where is this land located?
    The property is located at 7503 JAMES MADISON Highway Gainesville, VA.
    What is the asking price?
    The asking price for this property is $1,060,800.
    What are key features of this property?
    This property features: 6.24 Acres of Raw Land offering development potential; Located on James Madison Hwy (Rt 15); SUP Exists for Religious Institution and Related Facilities
    (703) 867-3350
    We can help!
    Listing Contact
    Edward A. Martin
    Real Estate License ID: 0225075345
    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!