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

    lot 1 Twin Harbor Road Reedville, VA 22539

    View on Map
    For Sale
    $35,000

    Water Access Land - Reedville, VA

    Type:Single Family Residence
    Lot size:
    2.62 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for lot 1 Twin Harbor Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Residential
    Standard status
    Active
    APN
    38F-1-001
    Lot size
    2.62 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robbie Booth & Melissa L. Bradley ABR

    Listing agent Robbie Booth & Melissa L. Bradley ABR

    Listing office Shore Realty, Inc. P. O. Box 369, Callao, VA

    Listing date Mar 4, 2026

    MLS# 120039 Listing URL

    Copyright © 2026 Northern Neck 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

    Water Access Land in Reedville

    This 2.62-acre parcel is located in the Twin Harbors neighborhood and offers water access. Mature trees provide a private setting for a home. The property is situated in a neighborhood with access to a large sand beach and boat launch. Owen's Pond, a body of water that opens to the Bay, is accessible. Sewer is available in the neighborhood. The property is zoned for residential use and is located in Reedville, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Department Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Reedville
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.264099
    Latitude
    37.851135

    Nearby Similar for Sale

    • $475,000

      Waterfront Land on Cockrell's Creek

      3.36 acres with deep water access for commercial/residential development.
      15 Edwards Lane, Reedville, VA 22539
      View Details
    • $189,000

      Waterfront Land Ready For Building

      Waterfront land with community amenities in Reedville, Virginia.
      53 Smith Point View, Reedville, VA 22539
      View Details
    • $254,900

      Waterfront Land in Reedville, VA

      4.56 acre waterfront lot ready for your dream home.
      012 Old Fairport Road, Reedville, VA 22539
      View Details
    • $45,000

      Water Access Lot in Reedville

      Corner lot with community beach, dock, and sewer hookup.
      Lot 52 Emerald Cove Road, Reedville, VA 22539
      View Details
    • $179,000

      Waterfront Land on Little Wicomico

      1.84-acre waterfront parcel with river views in Reedville, Virginia.
      Lot164B1 Blue Marl Lane, Reedville, VA 22539
      View Details
    • $165,000

      Waterfront Land in Reedville, Virginia

      Four-lot bundle with over 1300ft of waterfrontage in Virginia's Northern Neck.
      Blackberry Road, Reedville, VA 22539
      View Details
    • $150,000

      Waterfront Land in Reedville, VA

      1.95-acre waterfront parcel on the Little Wicomico River.
      Lot 164B Blue Marl Lane, Reedville, VA 22539
      View Details
    • $149,500

      Waterfront Land in Reedville, VA

      Two-acre waterfront parcel on Rock Role Creek.
      Tranquility Road lot: 33, Reedville, VA 22560
      View Details
    • $149,500

      Waterfront Land in Reedville, VA

      Two-acre waterfront parcel ideal for building with boating access.
      Lot 33 Tranquility Road, Reedville, VA 22539
      View Details
    • $100,000

      Waterfront Land in Reedville, VA

      1.16-acre waterfront parcel on the Little Wicomico River.
      Lot164B2 Blue Marl Lane, Reedville, VA 22539
      View Details
    • $289,000

      Waterfront Land in Reedville, VA

      Large acreage waterfront parcel for building your dream home.
      600 Whays Creek Road, Reedville, VA 22539
      View Details
    • $1,100,000

      Secluded Waterfront Property in Reedville

      17-acre property with stunning views and extensive shoreline.
      00 Taylors Beach Rd, Reedville, VA 22539
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large parcel with water access, beach, and boat launch.
    Where is this residential land & home lot located?
    The property is located at lot 1 Twin Harbor Road Reedville, VA.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Water access to Owen's Pond, which opens to the Bay.; Access to a large sand beach and boat launch.; Sewer available in the neighborhood.
    (804) 339-1504
    We can help!
    Listing Contact
    Robbie Booth & Melissa L. Bradley ABR
    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!