Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Secluded Land Parcel with Stream Title is generated by Realmo AI

    KIPPS lot 16, Elkwood, VA 22718

    View on Map
    Claim this Listing
    For Sale
    $538,000

    LAND - ELKWOOD, VA

    Lot size:
    23.00 Acres
    Added:
    Oct 29, 2025
    Days on Market:
    209
    Last Refresh:
    May 25 at 5:06 am

    Property Features for KIPPS lot 16

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    23.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    651

    We can help!

    Listing Contact
    Tyler Ross

    Listing agent Tyler Ross

    Listing office Ross Real Estate 31 Garrett Street, WARRENTON, VA

    Listing date Oct 29, 2025

    MLS# VACU2011918 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 23+ acre parcel offering natural privacy and scenic views.
    • Unique "peninsula lot" with a commanding house site.
    • Possible owner financing with 30% down.
    • Generous size and natural features provide flexibility for vision and enjoyment.
    • Light covenants and restrictions preserve the quiet rural character.
    • Convenient location with a beautiful connection to nature.

    Overview

    This 23+ acre parcel, situated within a large-lot community, offers a unique setting almost entirely bordered by the scenic Mountain Run stream, providing natural privacy, serene views, and a connection to nature. Known as the "peninsula lot", the property is mostly open with a commanding house site, interspersed with wooded areas. The generous size and natural features of the parcel allow for flexibility in vision and enjoyment. Light covenants and restrictions are in place to preserve the quiet rural character of this special offering, where the soothing sounds of running water can be enjoyed and where privacy, beauty, and convenience converge. All corners of existing lots are marked by big green metal posts with orange paint on the top. The property is in land use, and it is the purchaser's responsibility to maintain or remove it from land use. Possible owner financing is available with 30% down.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Elkwood
    County
    Culpeper
    State
    Virginia
    Longitude
    -77.784719
    Latitude
    38.448822

    Nearby Similar for Sale

    • $427,000

      30-Acre Land Parcel in Elkwood

      30-acre parcel in Elkwood, ideal for development or private estate.
      KIPPS Lane lot: 17, ELKWOOD, VA 22718
      View Details
    • $381,000

      Elkwood Land Parcel For Sale

      30-acre parcel in Elkwood, suitable for development or private estate.
      KIPPS lot: 19, ELKWOOD, VA 22718
      View Details
    • $489,000

      30-Acre Land Parcel, Elkwood, VA

      30-acre parcel suitable for development or private estate.
      KIPPS Lane lot: 13, ELKWOOD, VA 22718
      View Details
    • $381,000

      30 Acres Ready-to-Build Lot

      Finished 30-acre lot with multiple perc sites, ready for construction.
      PARCEL 20 KIPPS Lane, ELKWOOD, VA 22718
      View Details
    • $675,000

      Land with Mountain Views

      30-acre lot with water frontage, ready for custom home.
      PARCEL 14 KIPPS Lane, ELKWOOD, VA 22718
      View Details
    • $426,000

      Elkwood Land Parcel For Sale

      30-acre parcel in Elkwood, suitable for development or private estate.
      CAMDEN lot: 6, ELKWOOD, VA 22718
      View Details
    • $245,000

      Wooded Lot with Mountain Views

      10-acre lot with mountain views and stream frontage.
      PARCEL 15 KIPPS Lane, ELKWOOD, VA 22718
      View Details
    • $1,225,000

      90 Acres in Elkwood, VA

      90-acre parcel ideal for development, estate, or agriculture.
      TEAL lot: 11, ELKWOOD, VA 22718
      View Details
    • $469,000

      30 Acre Parcel Ready to Build

      Finished 30-acre lot with stream, ready for building.
      PARCEL 7 FINN Lane, ELKWOOD, VA 22718
      View Details
    • $411,000

      30 Acre Parcel Ready to Build

      Finished 30-acre lot ready for custom home construction.
      PARCEL 18 CAMDEN Lane, ELKWOOD, VA 22718
      View Details
    • $426,000

      30 Acre Parcel Ready to Build

      Finished lot in a thoughtfully designed community with no HOA.
      PARCEL 5 CAMDEN Lane, ELKWOOD, VA 22718
      View Details

    FAQs

    What type of property is this?
    Land - 23+ acre parcel surrounded by Mountain Run stream.
    Where is this land located?
    The property is located at KIPPS lot 16 Elkwood, VA.
    What is the asking price?
    The asking price for this property is $538,000.
    What are key features of this property?
    This property features: Large 23+ acre parcel offering natural privacy and scenic views.; Unique "peninsula lot" with a commanding house site.; Possible owner financing with 30% down.
    (540) 270-4819
    We can help!
    Listing Contact
    Tyler Ross
    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
    KIPPS lot: 16, ELKWOOD, VA 22718
    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!