Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Water Access Lot for Dream Home Title is generated by Realmo AI

    Lot D2 Kingscote Dr, Lottsburg, VA 22511

    View on Map
    Claim this Listing
    For Sale
    $59,000

    Lots/Land/Farm - Lottsburg, VA

    Type:Farm
    Lot size:
    1.83 Acres
    Added:
    May 30, 2022
    Days on Market:
    1450
    Last Refresh:
    May 18 at 8:06 pm

    Property Features for Lot D2 Kingscote Dr

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Parking features
    Boat
    Standard status
    Active
    Lot size
    1.83 Acres

    Taxes and HOA fees

    Tax Annual Amount
    133

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa M Shultz

    Listing agent Lisa M Shultz

    Listing office Bay/River 607 Rappahannock Drive, VA

    Listing date May 30, 2022

    MLS# 2214884 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Water access community with boat ramp providing quick access to Coan & Potomac Rivers
    • Enjoy water views from the property
    • Community boat and R/V storage available
    • Partially wooded lot offering privacy
    • Road frontage on 2 sides offering multiple access points
    • Atlantic Broadband available

    Overview

    This 1.83-acre lot in Lottsburg, Virginia, offers an opportunity to build a dream home in a water-access community with water views. The partially wooded property provides a sense of privacy within the friendly waterfront community. Featuring road frontage on two sides, the lot offers multiple access and driveway routes. Residents have access to a boat ramp on Kingscote Creek, providing quick access to the Coan and Potomac Rivers. The community also provides a community lot for boat and RV storage. This lot is suitable for a second home or retirement, offering a 'Rivah-life' influence without waterfront prices or taxes. Atlantic Broadband is available. Adjoining lots are also available for sale, offering the opportunity for extra acreage and privacy. The location is less than 2.5 hours from Washington D.C. and 1.5 hours from Richmond.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Big Box & Wholesale Store Department Store Electrical Service Travel Agency Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lottsburg
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.4847641
    Latitude
    38.0020218

    Nearby Similar for Sale

    • $799,000
      16,000 SF

      Like-New Warehouse/Office Building on Highway

      16,000 SF office/warehouse on level lot with highway access.
      1468 Lake Road, Lottsburg, VA 22511
      View Details
    • $799,000
      16,000 SF

      Like-New Warehouse/Industrial Space Opportunity

      16,000 SF office/warehouse on level parcel with highway access.
      1468 Lake Road, Lottsburg, VA 22511
      View Details
    • $355,000

      Waterfront Land in Lottsburg, VA

      2.59 acre waterfront lot with pier and bay access.
      3E Bleak House Farm Ln, Lottsburg, VA 22511
      View Details
    • $169,900

      Waterfront Land in Lottsburg, VA

      Wooded waterfront land with deep-water access to the Chesapeake Bay.
      04F Bleak House Farm Ln, Lottsburg, VA 22511
      View Details
    • $189,900

      Waterfront Land in Lottsburg, VA

      Wooded waterfront land with deep-water access to the Chesapeake Bay.
      03F Bleak House Farm Ln, Lottsburg, VA 22511
      View Details
    • $129,900

      Waterfront Land in Riverside Community

      Wooded waterfront land with deep-water access in a private community.
      01F Bleak House Farm Ln, Lottsburg, VA 22511
      View Details
    • $420,000

      69 Acres Waterfront Land, Lottsburg

      69-acre waterfront property on Mill Creek near Callao, VA.
      69 Kingston Rd, Lottsburg, VA 22511
      View Details
    • $249,900

      Waterfront Land in Lottsburg, VA

      Wooded waterfront land with deep-water access to the Chesapeake Bay.
      06F Bleak House Farm Ln, Lottsburg, VA 22511
      View Details
    • $225,000

      Waterfront Lot with Glebe Creek Views

      Waterfront lot with septic system and potential for dream home.
      Lot 46 Sunrise Court, Lottsburg, VA 22511
      View Details
    • $129,500

      Waterfront Lot on King Cote Creek

      Waterfront lot with barn, pier, and boat lift.
      Lake Francis Lane, Lottsburg, VA 22511
      View Details
    • $59,000

      Residential Land in Lottsburg, VA

      Ready-to-build homesite with existing septic and well.
      3219 Northumberland Hwy, Lottsburg, VA 22511
      View Details
    • $129,000

      Waterfront Land in Lottsburg, VA

      Inviting waterfront lot, buildable, near the Potomac River.
      Lot 9A Lake Landing Dr, Lottsburg, VA 22511
      View Details

    FAQs

    What type of property is this?
    Land - Water-access lot with views, boat ramp, and storage available.
    Where is this land located?
    The property is located at Lot D2 Kingscote Dr Lottsburg, VA.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: Water access community with boat ramp providing quick access to Coan & Potomac Rivers; Enjoy water views from the property; Community boat and R/V storage available
    (888) 536-0216
    We can help!
    Listing Contact
    Lisa M Shultz
    Real Estate License ID: 0225204940
    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 D2 Kingscote Dr, Lottsburg, VA 22511
    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!