Sign Up Successful!
You now have access to more from Realmo!
    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 385 & 957 N Lakeshore Dr Louisa, VA 23093

    Sponsored
    For Sale
    $30,000

    LAND - LOUISA, VA

    Lot size:
    0.58 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 6 at 11:06 pm

    Property Features for lot 385 & 957 N Lakeshore Dr

    General Information

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

    Utilities

    Water front features
    Navigable Water

    We can help!

    Listing Contact
    Shannon G Hudson
    Shannon G Hudson

    RE/MAX Realty Specialists (434) 574-1500

    Listing agent Shannon G Hudson (434) 974-1500 License #0225188049

    Listing date Feb 4, 2026

    MLS# VALA2008462 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.

    Learn more

    Property Insight Report

    Overview

    Lakefront Land in Louisa, Virginia

    Located in Blue Ridge Shores, this property consists of two merged lots offering frontage on Beech and N. Lakeshore, with views of a quiet lake cove. The property is situated within a gated lakefront community centered around a private 325-acre lake. Residents can engage in year-round recreation, including boating, swimming, fishing, kayaking, and waterskiing (jet skis not permitted). Blue Ridge Shores provides multiple beaches, walking trails, tennis and basketball courts, playgrounds, picnic areas, and assigned boat slips. The community hosts family-friendly events. High-speed Xfinity internet is available. The location is 15 minutes from the Town of Louisa and convenient to both Richmond and Charlottesville. The lot size is 0.58 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Hotel & Motel Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisa
    County
    Louisa
    State
    Virginia
    Longitude
    -78.0212151
    Latitude
    38.11524177

    Nearby Similar for Sale

    • $2,750,000

      Louisa Storage Facility For Sale

      Self-storage facility with expansion potential in Louisa, Virginia.
      4041 Davis Hwy, Louisa, VA 23093
      View Details
    • $575,000

      Louisa Specialty Property For Sale

      Specialty property available for purchase in Louisa, Virginia.
      47 Holly Springs Dr, Louisa, VA 23093
      View Details
    • $474,000

      Louisa Specialty Property For Sale

      Specialty property available for purchase in Louisa, Virginia.
      111 Fairway Dr, Louisa, VA 23093
      View Details
    • $575,000

      Lakeshore Drive Specialty Property

      Specialty property available for sale on Lakeshore Drive.
      1250 S Lakeshore Dr, Louisa, VA 23093
      View Details
    • $529,000

      Lakeshore Drive Specialty Property

      Specialty property available on Lakeshore Drive in Louisa, Virginia.
      1262 S Lakeshore Dr, Louisa, VA 23093
      View Details
    • $939,000

      Louisa Farmland Opportunity

      Agricultural property for sale in Louisa, Virginia.
      2838 Bibb Store Rd, Louisa, VA 23093
      View Details
    • $447,745

      Louisa Specialty Property For Sale

      Specialty property available for purchase in Louisa, Virginia.
      292 Bannister Town Rd, Louisa, VA 23093
      View Details
    • $539,000

      Louisa Specialty Property For Sale

      Specialty property available for sale in Louisa, Virginia.
      101 Barnstormer Cir, Louisa, VA 23093
      View Details
    • $475,000

      Ellisville Drive Specialty Property

      Specialty property for sale in Louisa, Virginia.
      217 Ellisville Dr, Louisa, VA 23093
      View Details
    • $540,000

      Louisa Specialty Property for Sale

      Specialty property available for purchase in Louisa, Virginia.
      188 Byrd Point Ln, Louisa, VA 23093
      View Details
    • $250,000

      Louisa Specialty Property For Sale

      Specialty property available for purchase in Louisa, Virginia.
      8704 Three Notch Rd, Louisa, VA 23093
      View Details
    • $476,395

      Louisa Specialty Property For Sale

      Specialty property available for purchase in Louisa, Virginia.
      1914 Jefferson Hwy, Louisa, VA 23093
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two lots merged in a gated lakefront community.
    Where is this residential land & home lot located?
    The property is located at lot 385 & 957 N Lakeshore Dr Louisa, VA.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Waterfront property with frontage on Beech & N. Lakeshore and views of a quiet lake cove.; - Located in Blue Ridge Shores, a gated lakefront community with a private 325-acre lake.; - Year-round recreation: boating, swimming, fishing, kayaking, and waterskiing.
    (540) 661-2083
    Request Owner's contact information
    lot 385 & 957 N Lakeshore Dr Louisa, VA 23093
    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.
    lot 385 & 957 N Lakeshore Dr
    Louisa, VA 23093
    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
    lot 385 & 957 N Lakeshore Dr Louisa, VA 23093
    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
    Shannon G Hudson
    Shannon G Hudson
    Real Estate License ID: 0225188049
    (540) 661-2083
    Learn more
    Google sign-in failed. Please try again or use another login method.