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

    8.2AC Plantersville Drakes Branch, VA 23937

    View on Map
    Claim this Listing
    For Sale
    $48,000

    LAND - Drakes Branch, VA

    Lot size:
    8.22 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    44
    Last Refresh:
    Apr 21 at 3:06 pm

    Property Features for 8.2AC Plantersville

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6692
    Lot size
    8.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    FEARS SD LOT 1920 8.22AC 40-(3)-1920
    Tax Annual Amount
    120

    Utilities

    Water source
    Well Needed

    We can help!

    Listing Contact
    Robert Novak

    Listing agent Robert Novak License #0225236702

    Listing office EXP Realty LLC 800 Corporate Dr., Richmond, VA

    Listing date Mar 9, 2026

    MLS# 2605787 Listing URL

    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

    Land in Lunenburg County, VA

    This 8.22-acre parcel is located in Lunenburg County, Virginia, just south of Keysville and north of Crupper Run Creek. The land features over 430 feet of road frontage on Plantersville Road and has a gentle slope on either side, with a seasonal creek or runoff in the center. This property is suitable for hunting or building. It is located on the west side of Lunenburg County, approximately 30 minutes from the lake and within proximity to multiple Wildlife Management Areas. The location offers proximity to towns while maintaining a quiet environment.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Drakes Branch
    County
    Charlotte
    State
    Virginia
    Longitude
    -78.5416
    Latitude
    36.9556

    Nearby Similar for Sale

    • $78,000

      Wooded Lot Near Highway 360

      Wooded 13.52-acre lot near Highway 360 in Drakes Branch, VA.
      Westpoint Stevens Rd, Drakes Branch, VA 23937
      View Details
    • $32,500

      Two-Acre Lot with Septic System

      Two-acre lot with well and septic system near Drakes Branch.
      Old Forty Seven Road, Drakes Branch, VA 23937
      View Details
    • $50,000

      Drakes Branch Farmhouse on Acre Lot

      Four-bedroom farmhouse on a one-acre lot in Drakes Branch.
      459 Proctor St, Drakes Branch, VA 24060
      View Details
    • $75,000

      Land Parcel Near Drakes Branch

      16.52 acre land parcel near Drakes Branch, Virginia.
      Craftons Gate Highway, Drakes Branch, VA 23937
      View Details
    • $79,000

      Land in Drakes Branch, VA

      7 acres of land between South Boston and Keysville.
      1144 Mt. Mitchell, Drakes Branch, VA 23937
      View Details
    • $48,000

      Land in Lunenburg County, VA

      8.22 acre parcel in Lunenburg County, suitable for hunting.
      8.2AC Planterville Road, Drakes Branch, VA 23937
      View Details
    • $99,000

      Land Parcel in Drakes Branch

      Large land parcel with road access near South Boston.
      14811 Kings Highway, Drakes Branch, VA 23937
      View Details
    • $18,500

      Land Parcel Near Drakes Branch

      2.157 acre land parcel near Drakes Branch, Virginia.
      Craftond Gate Highway, Drakes Branch, VA 23937
      View Details
    • $150,000

      Drakes Branch Land Opportunity

      43 acres of land near Kings Highway, Drakes Branch, VA.
      Old Kings Road, Drakes Branch, VA 23937
      View Details
    • $99,000
      1,054,152 SF

      Large Parcel on Main Road

      Over 22 acres of land with road access.
      0 14811 Kings Highway, Drakes Branch, VA 23937
      View Details

    FAQs

    What type of property is this?
    Land - 8.22 acres in Lunenburg County, ideal for hunting or building.
    Where is this land located?
    The property is located at 8.2AC Plantersville Drakes Branch, VA.
    What is the asking price?
    The asking price for this property is $48,000.
    What are key features of this property?
    This property features: 8.22 acre parcel in Lunenburg County, VA; Ample road frontage (over 430ft) on Plantersville Road; Suitable for hunting or building
    (571) 239-0995
    We can help!
    Listing Contact
    Robert Novak
    Real Estate License ID: 0225236702
    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!