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

    Hayes Road Hayes, VA 23072

    View on Map
    Claim this Listing
    For Sale
    $175,000

    LAND - Hayes, VA

    Lot size:
    0.79 Acres
    Added:
    Feb 12, 2020
    Days on Market:
    2263
    Last Refresh:
    Apr 24 at 5:06 am

    Property Features for Hayes Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    050-156
    Lot size
    0.79 Acres

    Taxes and HOA fees

    Tax Year
    2019
    Tax Description
    HAYES STORE PARCEL A
    Tax Annual Amount
    792

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    ReNaye Dame
    ReNaye Dame

    Listing agent ReNaye Dame License #0225026679

    Listing office Gloucester Realty Corporation Post Office Box 653, Gloucester, VA

    Listing date Feb 12, 2020

    MLS# 2003890 Listing URL

    Copyright © 2026 Chesapeake Bay & Rivers Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Route 17

    This 0.79-acre commercial property is located on Route 17/George Washington Memorial Hwy and Hayes Road in Hayes, VA. Zoned B-2, the level and mostly cleared land offers exceptional visibility and high traffic counts. County water is available in front of the property. Sewer connection is facilitated by a line already run across Route 17, allowing easy connection with the fire department line or the offices next door on Hayes Road, according to Gloucester County. An entrance on Hayes Road can minimize the costs of a Route 17 turn lane, if desired. The property is situated next door to established professional offices, making it a potentially suitable location for similar ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hayes
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.4825
    Latitude
    37.3028

    Nearby Similar for Sale

    • $1,250,000
      10,844 SF

      Hayes Warehouse and Office Building

      10,000 sqft warehouse and office in Hayes, VA for sale.
      2521 Hayes Road, Hayes, VA 23072
      View Details
    • $150,000
      1,120 SF

      Hayes, VA Retail Opportunity

      Retail property for sale in Hayes, Gloucester County, Virginia.
      7192 Chapman Drive, Hayes, VA 23072
      View Details
    • $75,000
      1,800 SF

      Hayes, VA Church Opportunity

      Church property with equipment included, ready for immediate occupancy.
      10323 Maryus Road, Hayes, VA 23072
      View Details
    • $150,000
      1,120 SF

      Commercial/Industrial Flex Space For Sale

      Flex space available for purchase in Hayes, Virginia.
      7194 Chapman Drive, Hayes, VA 23072
      View Details
    • $895,000

      Waterfront Lot on Sarah's Creek

      2.9-acre waterfront lot on Sarah's Creek in Gloucester, Virginia.
      2.9ac Little England Road, Hayes, VA 23072
      View Details
    • $125,000

      26 Acres Waterfront Hunting Land

      Prime recreational land on Severn River, Gloucester, VA.
      Glass Road, Hayes, VA 23072
      View Details
    • Contact for pricing
      13,813 SF

      Redevelopment Opportunity in Hayes, Virginia

      Freestanding building and land for sale or lease in Hayes.
      2460 George Washington Memorial Hwy, Hayes, VA 23072
      View Details
    • $75,000

      Commercial Land Near Shopping Center

      Two parcels of commercial land totaling 1.08 acres.
      7511 Guinea Road, Hayes, VA 23072
      View Details
    • $175,000

      Commercial Land on RT 17

      Prime commercial land with high visibility and easy utility access.
      00 Hayes Road, Hayes, VA 23072
      View Details
    • $19,000

      2-Acre Parcel in Hayes, VA

      2-acre parcel on Jenkins Neck Road with completed delineation.
      JENKINS NECK Road, Hayes, VA 23072
      View Details
    • $110,000

      Residential Land in Hayes, VA

      Ready-to-build lot in Gloucester Point/Hayes area.
      Cove Road, Hayes, VA 23003
      View Details
    • $90,000

      Expansive Land Parcel in Hayes, VA

      17.8-acre property in Hayes, VA, offering privacy and potential.
      15+AC Lowground Road, Hayes, VA 23072
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with high visibility and easy utility connections.
    Where is this commercial land located?
    The property is located at Hayes Road Hayes, VA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Prime commercial property on RT 17/George Washington Memorial Hwy with B‑2 zoning.; Exceptional visibility and high traffic counts.; County water available; sewer line already run across RT 17 for easy connection.
    (804) 815-1400
    We can help!
    Listing Contact
    ReNaye Dame
    ReNaye Dame
    Real Estate License ID: 0225026679
    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!