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

    Lot 21 Mystic Shore Drive Burgess, VA 22432

    View on Map
    For Sale
    $169,000

    Waterfront Land - Burgess, VA

    Type:Single Family Residence
    Lot size:
    2.63 Acres
    Added:
    Sep 4, 2025
    Days on Market:
    210
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for Lot 21 Mystic Shore Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R 1
    Standard status
    Active
    APN
    38(1)10-21
    Lot size
    2.63 Acres

    Utilities

    Water front features
    River/Creek, River/Creek, 134 Feet Of Waterfront

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Kuykendall

    Listing agent Kevin Kuykendall

    Listing office Middle Bay Realty - B PO Box 307, Kilmarnock, VA

    Listing date Sep 4, 2025

    MLS# 119343 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

    Waterfront Land on Rock Hole Creek

    This 2.63-acre property is a building site located on Rock Hole Creek. The homesite has been cleared, and a driveway has been installed. The lot's proximity to the Chesapeake Bay allows for breezes. The property has septic approval for a conventional septic system. Rock Hole Creek empties into the Little Wicomico River, offering access to fishing in the Potomac and Chesapeake Bay. The property is zoned R 1.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Burgess
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.3429
    Latitude
    37.8675

    Nearby Similar for Sale

    • $125,000

      Multi-Lot Mobile Home Property

      Seven spacious lots ideal for investment or community development.
      Lot 226 Canyon Ln, Burgess, VA 22432
      View Details
    • $329,000

      Waterfront Lot with Pier

      Elevated waterfront lot with pier and installed septic system.
      508 Greenfield Point Drive, Burgess, VA 22432
      View Details
    • $725,000
      6,000 SF

      Commercial Steel Building with Apartment

      Commercial building with apartment, workshop, and farming potential.
      223 Folly Road, Burgess, VA 22432
      View Details
    • $220,000

      Burgess, VA Commercial/Residential Opportunity

      Versatile property in Burgess suitable for commercial or residential use.
      119297 Northumberland, Burgess, VA 22473
      View Details
    • $799,000

      Waterfront Land on Little Wicomico

      Exclusive waterfront land with 2600 feet on Little Wicomico River.
      340 Flood Point Road, Burgess, VA 22432
      View Details
    • $132,500

      Waterfront Land in Burgess, Virginia

      Residential waterfront land available in Burgess, Virginia.
      lot 13 Betts View Lane, Burgess, VA 22432
      View Details
    • $24,500

      Water Access Wooded Lot

      Wooded lot with Potomac River access and amenities.
      48 Cubitt Creek Rd, Burgess, VA 22432
      View Details
    • $45,000

      Water Access Wooded Land

      3.01 acres near public boat landing in Horsehead, Virginia.
      1000 Coopers Landing Drive, Horsehead, VA 22432
      View Details
    • $25,000

      Residential Land in Burgess, Virginia

      3.05 acre residential lot ready for building.
      156A Ferry Road, Burgess, VA 22432
      View Details
    • $75,000

      Waterfront Land Ready to Build

      3.95 acre waterfront lot with 155 feet of frontage.
      156M Ferry Road, Burgess, VA 22432
      View Details
    • $445,000

      Waterfront Acreage on Coles Creek

      38 acres with cropland, timber, and 634' shoreline.
      512 Old Glebe Point Rd, Burgess, VA 22432
      View Details
    • $445,000

      Waterfront Land on Coles Creek

      38 acres with mature timber and 634' shoreline.
      512 Old Glebe Point Road, Burgess, VA 22432
      View Details

    FAQs

    What type of property is this?
    Land - 2.63 acre waterfront lot ready for your dream home.
    Where is this land located?
    The property is located at Lot 21 Mystic Shore Drive Burgess, VA.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: Cleared building site with installed driveway ready for construction.; Approved for a conventional septic system.; 134 feet of waterfront on Rock Hole Creek.
    (804) 761-4125
    We can help!
    Listing Contact
    Kevin Kuykendall
    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!