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

    NAVIGATOR Drive lot 295 Greenbackville, VA 23356

    View on Map
    For Sale
    Contact for pricing

    LAND - GREENBACKVILLE, VA

    Lot size:
    0.26 Acres
    Added:
    Jul 17, 2024
    Days on Market:
    627
    Last Refresh:
    Apr 4 at 8:06 am

    Property Features for NAVIGATOR Drive lot 295

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    62

    We can help!

    Listing Contact
    Christine Caton Murphy

    Listing agent Christine Caton Murphy License #0225049525

    Listing office Monument Sotheby's International Realty 7707 Bellona Avenue, Baltimore, VA

    Listing date Jul 17, 2024

    MLS# VAAC2001224

    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.

    Overview

    Golf Course Lot in Greenbackville

    This cleared 0.26-acre lot is located in the amenity-rich Community of Captain's Cove, overlooking the 6th fairway and green of the golf course. The property offers views of rocket launches. There is no time frame to build and no builder tie-in. The lot has a 3-bedroom certification letter and water availability on file. Community amenities include a 9-hole golf course, tennis courts, yacht club, marina, exercise/weight room, pro-shop, grill, Marina Restaurant, walking/hiking trails, pickleball, basketball, playground, and three pools (two outdoor and one indoor heated).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Greenbackville
    County
    Accomack
    State
    Virginia
    Longitude
    -75.420779
    Latitude
    37.998085

    Nearby Similar for Sale

    • $225,000

      Waterfront Lot in Greenbackville, VA

      Oversized, level, cleared canal lot with bay views.
      935 SAILORS, GREENBACKVILLE, VA 23356
      View Details
    • $10,000

      Cleared Lot in Captains Cove

      Cleared lot with amenities near Chincoteague and Ocean City.
      202 CAPTAINS CORRIDOR, GREENBACKVILLE, VA 23356
      View Details
    • $234,000

      Waterfront Lot in Captains Cove

      Cleared waterfront lot with new bulkhead and community amenities.
      Lot 1347 ANCHOR CT, GREENBACKVILLE, VA 23356
      View Details
    • $2,000

      Wooded Lot with Water Access

      Residential land with water access in a golf community.
      104 CUSTOM DR, GREENBACKVILLE, VA 23356
      View Details
    • $44,000

      Waterfront Lot in Captains Cove

      Wooded lot with bay views and community amenities.
      Lot 43 NEPTUNE DR, GREENBACKVILLE, VA 23356
      View Details
    • $16,500

      Cleared Lot in Captains Cove

      Cleared lot with water access and community amenities.
      15 DAVEY JONES BLVD, GREENBACKVILLE, VA 23356
      View Details
    • $2,500

      Oversized Lot in Captains Cove

      Level, wooded lot with amenities near Chincoteague and Ocean City.
      1975 MAYFLOWER DR, GREENBACKVILLE, VA 23356
      View Details
    • $200,000

      Waterfront Land in Captain's Cove

      Waterfront property with unobstructed views and community amenities.
      1213 SALTY WAY, GREENBACKVILLE, VA 23356
      View Details
    • $3,000

      Wooded Lot with Water Access

      Residential land with water access and community amenities.
      134 NEPTUNE DR, GREENBACKVILLE, VA 23356
      View Details
    • $5,000

      Oversized Lot in Captains Cove

      Wooded lot with water access in a waterfront community.
      2375 BRIGANTINE BLVD, GREENBACKVILLE, VA 23356
      View Details
    • $22,000

      Cleared Corner Lot in Greenbackville

      Elevated 0.22-acre corner lot with installed septic system.
      1601 HIGH SEA DR, GREENBACKVILLE, VA 23356
      View Details
    • $7,000

      Wooded Lot in Captain's Cove

      Wooded lot with water access and community amenities.
      2269 BUCCANEER BLVD, GREENBACKVILLE, VA 23356
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared lot with golf course views and community amenities.
    Where is this residential land & home lot located?
    The property is located at NAVIGATOR Drive lot 295 Greenbackville, VA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Cleared golf course lot with views of the 6th fairway & green.; Enjoy access to a wide array of community amenities including a 9‑hole golf course, tennis courts, yacht club, marina, multiple pools, and more.; Watch rocket launches from the property.
    (757) 710-1048
    We can help!
    Listing Contact
    Christine Caton Murphy
    Real Estate License ID: 0225049525
    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!