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 4A Tyson Lane Callao, VA 22435

    View on Map
    For Sale
    $225,000

    Waterfront Land - Callao, VA

    Type:Single Family Residence
    Lot size:
    1.19 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    37
    Last Refresh:
    Apr 4 at 10:06 am

    Property Features for Lot 4A Tyson Lane

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    A-1
    Standard status
    Active
    APN
    201515000151
    Lot size
    1.19 Acres

    Utilities

    Water front features
    River/Creek, River/Creek, 163.62 Feet Of Waterfront

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kimberly Condyles

    Listing agent Kimberly Condyles

    Listing office Shaheen,Ruth, Martin & Fonville Real Estate P.O. Box 89, Richmond, VA

    Listing date Feb 26, 2026

    MLS# 119968 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 Yeocomico River

    This cleared 1.19-acre waterfront property is located outside the town of Callao, off Mundy Point, on Drum Point along the Yeocomico River, which flows into the Potomac River and is a short distance from the Chesapeake Bay. The elevated property benefits from shoreline protection. Site plans and soil tests have been completed for a 3-bedroom, 3-bath home. A shed is included with the property. The property is zoned A-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Callao
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.552059
    Latitude
    38.011055

    Nearby Similar for Sale

    • $195,000
      1,612 SF

      Callao Commercial Property on Route 360

      Restaurant and gift shop with high visibility on Route 360.
      14646 Richmond Road, Callao, VA 22435
      View Details
    • $225,000

      Waterfront Land on Yeocomico River

      Cleared waterfront property on Drum Point with river and bay access.
      Tyson Lane, Callao, VA 22432
      View Details
    • $25,000

      Callao, VA Land Opportunity

      0.94-acre parcel in Northumberland County, ideal for custom home.
      Damerontown Road, Callao, VA 22435
      View Details
    • $1,610,000
      16,100 SF

      Established Family Dollar Store Investment

      Family Dollar store with long-term lease and renewal options.
      35 Northumberland Hwy, Callao, VA
      View Details
    • $1,610,000
      16,100 SF

      Family Dollar Investment Opportunity

      NN leased Family Dollar with scheduled rental increases and options.
      35 Northumberland Hwy, Callao, VA 22435
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared waterfront lot ready for building near Chesapeake Bay.
    Where is this residential land & home lot located?
    The property is located at Lot 4A Tyson Lane Callao, VA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Waterfront property on the Yeocomico River with access to the Potomac River and Chesapeake Bay.; Protected, elevated lot with rip rap shoreline.; Cleared lot ready for building.
    (804) 317-1725
    We can help!
    Listing Contact
    Kimberly Condyles
    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!