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

    George Washington Mem. Hwy Gloucester, VA 23061

    View on Map
    Sponsored
    For Sale
    $75,000

    LAND - Gloucester, VA

    Lot size:
    1.00 Acre
    Days on Market:
    3
    Last Refresh:
    Mar 23 at 9:06 pm

    Property Features for George Washington Mem. Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    039-46A
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Barbara Howell

    Fathom Realty Virginia LLC

    Listing agent Barbara Howell License #0225072060

    Listing date Mar 21, 2026

    MLS# 2606985

    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.

    Learn more

    Property Insight Report

    Overview

    Open Acre Lot on Highway

    This is an open 1-acre lot located on George Washington Memorial Highway in Gloucester, Virginia. The property is conveniently located near shopping and recreational opportunities. The lot is available for purchase in addition to the adjacent home, located at 5320 George Washington Memorial Highway, which is also listed for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gloucester
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.525763
    Latitude
    37.350109

    Nearby Similar for Sale

    • $650,000
      3,926 SF

      Gloucester Restaurant Building For Sale

      Established restaurant property in Gloucester Courthouse with high visibility.
      6870 Main St, Gloucester, VA 23061
      View Details
    • $650,000
      3,926 SF

      Gloucester Restaurant Opportunity on Main

      Established restaurant property in Gloucester Courthouse with high visibility.
      6870 Main St, Gloucester, VA 23061
      View Details
    • $459,000
      3,136 SF

      Main Street Commercial Opportunity

      Prime commercial property on Main Street in Gloucester County, Virginia.
      7260 Main St, Gloucester, VA 23061
      View Details
    • $650,000
      3,600 SF

      Gloucester Warehouse on Acre Lot

      3,600 sq ft warehouse on 1.04 acres in Gloucester.
      9991 John Clayton Memorial Hwy, Gloucester, VA 23061
      View Details
    • $699,500
      3,926 SF

      Historic Restaurant Property For Sale

      Established restaurant property in Gloucester Courthouse with high visibility.
      6870 Main St, Gloucester, VA 23061
      View Details
    • $550,000
      2,600 SF

      Gloucester Restaurant - Main St.

      Historic Restaurant, Established Clientele
      6714 Main St, Gloucester, VA 23061
      View Details
    • $350,000
      0.52 Acres

      Gloucester Commercial Building - Hwy 17

      High-Visibility Office Building, 1вЃ„2 Acre Lot
      7002 George Washington Memorial Hwy, Gloucester, VA 23061
      View Details
    • $699,500
      0.87 Acres

      Historic Gloucester Commercial Property

      Landmark Restaurant, High Visibility, .87 Acres
      6870 Main St, Gloucester, VA 23061
      View Details
    • $459,000
      2.05 Acres

      Gloucester Main Street Business Opportunity

      Historic Charm Meets Modern Potential
      7260 Main St, Gloucester, VA 23061
      View Details
    • $299,000
      1,068 SF

      High-Traffic Gloucester Retail Site

      Prime retail location, vacant, high visibility.
      10290 John Clayton Memorial Hwy, Gloucester, VA 23061
      View Details
    • $1,400,000

      Gloucester Mixed-Use Commercial Building

      15,000 SF Mixed-Use Property, Prime Location
      6632 Main St, Gloucester, VA 23061
      View Details
    • $1,400,000
      4.92 Acres

      Prime Gloucester Commercial Land

      4.9 Acres, Hwy 17 Frontage, High Traffic
      00 Moose Dr, Gloucester, VA 23061
      View Details

    FAQs

    What type of property is this?
    Commercial land - One acre lot fronting George Washington Memorial Highway.
    Where is this commercial land located?
    The property is located at George Washington Mem. Hwy Gloucester, VA.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Open 1-acre lot; - Fronts George Washington Memorial Highway; - Convenient to Gloucester shopping
    (804) 852-1595
    Request Owner's contact information
    George Washington Mem. Hwy Gloucester, VA 23061
    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.
    George Washington Mem. Hwy
    Gloucester, VA 23061
    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
    George Washington Mem. Hwy Gloucester, VA 23061
    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
    Barbara Howell
    Real Estate License ID: 0225072060
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!