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

    Cedar Lane Ashland, VA 23005

    View on Map
    Picture of Land at Cedar Lane, Ashland, VA
    Pending
    $790,000

    LAND - Ashland, VA

    Lot size:
    74.00 Acres
    Added:
    Sep 10, 2025
    Days on Market:
    205
    Last Refresh:
    Apr 2 at 7:06 pm

    Property Features for Cedar Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Crops
    Standard status
    Pending
    APN
    7768-38-9853
    Lot size
    74.00 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    12300 BLK CEDAR LANE
    TaxAnnualAmount
    976

    Utilities

    Water source
    Well Needed
    Water front features
    Creek

    We can help!

    Listing Contact
    Emma Lee Mitchell

    Listing agent Emma Lee Mitchell License #0225150896

    Listing office Weichert Home Run Realty 500 England Street, Louisa, VA

    Listing date Sep 10, 2025

    MLS# 2525625

    Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    74 Acres in Ashland, Virginia

    This property features 74 acres of land located on Cedar Lane in Ashland, Virginia. The site includes road frontage, with approximately 10 acres consisting of open fields and the remaining acreage wooded. Soil feasibility studies indicate the potential for developing 2 to 3 lots. The property is not connected to public sewer or water systems, necessitating the installation of a well and septic system. A gravel pull-off provides access to the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.490173
    Latitude
    37.7056054

    Nearby Similar for Sale

    • $1,250,000

      Ashland Commercial Land For Sale

      3.47-acre commercial property with frontage on Washington Highway.
      0 Washington Hwy, Ashland, VA 23005
      View Details
    • $350,000

      Scenic Lot Overlooking Golf Course

      Hanover lot fronts river and golf course.
      14505 Riverside Dr, Ashland, VA 23005
      View Details
    • $385,000

      Ashland Land with Development Potential

      2.57 acres in Ashland, divisible into lots.
      303 N Snead Street, Ashland, VA 23005
      View Details
    • $350,000

      26 Acres Near South Anna River

      Land parcel with streams, wildlife, and homesite potential.
      Greenwood Church Road, Ashland, VA 23192
      View Details
    • $95,000

      Ashland, VA Vacant Land Parcel

      0.72-acre vacant parcel in Ashland, Virginia, zoned A-1.
      0 Lewistown Rd, Ashland, VA 23005
      View Details
    • $150,000

      Ashland Land with Well, Power

      2.5 acres near I-95 with well and power.
      9207 Sliding Hill Road, Ashland, VA 23005
      View Details
    • $125,000

      Residential Land in Ashland, Virginia

      1.3 acre lot for sale in Ashland, Virginia.
      0 N Snead St, Ashland, VA 23005
      View Details
    • Contact for pricing
      5,612 SF

      Retail Property Near I-95

      Retail property in a growing area off I-95.
      805 England St, Ashland, VA 23005
      View Details
    • $650,000
      43,000 SF

      Ashland Industrial Pads For Sale

      Industrial land with laydown yard, convenient access to I-95.
      331 S. Hill Carter Parkway, Ashland, VA 23005
      View Details
    • Contact for pricing

      Commercial Parcel in Hanover County

      0.732 acre commercial land for sale in Ashland, VA
      110 S Carter Rd, Ashland, VA 23005
      View Details
    • $408,870

      Land For Sale in Ashland

      Land with public utilities and road frontage in Ashland.
      Hill Carter Pkwy, Ashland, VA
      View Details
    • $675,000

      Ashland Flex Space Opportunity

      Two acres in Ashland, VA, with approved flex space plans.
      9646 Sliding Hill Road, Ashland, VA 23005
      View Details

    FAQs

    What type of property is this?
    Land - 74 acres of land with road frontage in Ashland, VA.
    Where is this land located?
    The property is located at Cedar Lane Ashland, VA.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: 74 Acres of Land; Located on Cedar Lane with Road Frontage; Approximately 10 Acres in Open Fields
    (804) 400-5574
    We can help!
    Listing Contact
    Emma Lee Mitchell
    Real Estate License ID: 0225150896
    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!