Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Estate Home Site in Gated Community Title is generated by Realmo AI

    PALMER DR lot 28, Keswick, VA 22947

    View on Map
    Claim this Listing
    For Sale
    $450,000

    LAND - KESWICK, VA

    Lot size:
    2.10 Acres
    Added:
    Aug 30, 2017
    Days on Market:
    3203
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for PALMER DR lot 28

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    08000-00-00-009B0
    Lot size
    2.10 Acres

    Taxes and HOA fees

    Tax Year
    2016
    Tax Description
    Tax Map Parcel ID 08000-00-00-009B0 Lot 28
    Tax Annual Amount
    2289

    We can help!

    Listing Contact
    MURDOCH MATHESON

    Listing agent MURDOCH MATHESON License #0225058114

    Listing office FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY 417 PARK STREET, Charlottesville, VA

    Listing date Aug 30, 2017

    MLS# 566383 Listing URL

    Copyright © 2026 Charlottesville Area 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.

    HighLights

    • Gated estate community with only 121 homes and home sites behind the gates
    • Home sites range from 2 to 6 acres
    • 24‑hour security in the gated community
    • Design Review Board guides classic architectural design for new homes
    • Amenities include swimming, tennis lessons, golf clinics, fishing, hiking/nature walks, and paddle boarding on Broadmoor Lake
    • Newly designed Pete Dye course available; community is about 7 miles from downtown Charlottesville

    Overview

    This offering is for a 2.1-acre home site within The Estate at Keswick Hall in Keswick, Virginia. The community features a design review process guided by the Design Review Board, and purchasers are encouraged to select their own architect to help shape the finished residences. The estate is presented as a gated community with 24-hour security.

    The property is located on Palmer Dr (Lot 28) within the Albemarle County estate environment. The remarks describe the setting as rolling hills with historic farm and estate character, and it notes the estate is approximately 7 miles from downtown Charlottesville.

    For buyers seeking a residential building lot in a secure, amenity-rich community, this home site provides a dedicated foundation for a custom residence. The estate’s wide range of on-site activities, including fishing, hiking/nature walks, tennis lessons, golf clinics, paddle boarding on Broadmoor Lake, and more, is positioned to support an active lifestyle year-round. Prospective purchasers can review the community’s design review expectations and plan an approach for a classic architectural outcome consistent with the estate’s standards.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Keswick
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.3512278
    Latitude
    38.0058671

    Nearby Similar for Sale

    • $795,000

      Keswick Estate Homesite on Course

      2.3-acre homesite in Keswick Estate overlooking golf course.
      CLUB VIEW DR lot: 8, KESWICK, VA 22947
      View Details
    • $250,000

      Build-Ready Wooded Home Site

      Nearly level, fully wooded acreage on a paved, state-maintained road with fiber available along the frontage.
      02 BEAVERDAM RD lot: 2, KESWICK, VA 22947
      View Details
    • $475,000

      Partially Cleared Homesite in Gated Community

      Build your custom home on a partially cleared lot with both open space and wooded privacy in a gated estate.
      KESWICK LN lot: 34, KESWICK, VA 22947
      View Details
    • $450,000

      Keswick Estate Building Opportunity

      Two-acre homesite in gated Keswick Estate community.
      PALMER DR lot: 50, KESWICK, VA 22947
      View Details
    • $325,000

      Wooded Homesite in Keswick

      3.45-acre wooded homesite in Keswick, offering a secluded setting for a custom residence near Charlottesville.
      CLUB DR lot: 15A & Parcel B, KESWICK, VA 22947
      View Details
    • $495,000

      Golf Course Frontage Home Site

      Build your custom home on a gently rolling homesite with direct frontage along the green of hole #2.
      CLUB DR lot: 4, KESWICK, VA 22947
      View Details
    • $6,575,000

      Developable Farm Tract with Four Homes

      Large farm tract with pasture, rolling terrain, and four existing homes currently generating rental income.
      271 GRASS CT, KESWICK, VA 22947
      View Details
    • $425,000

      56.49 Acre Hardwood Parcel

      56.49 acre hardwood parcel located north of Charlottesville.
      STONY POINT PASS, KESWICK, VA 22947
      View Details
    • $4,475,000

      Keswick Acreage with Private Lake

      Rare 42-acre Keswick property with private lake access.
      42 SHADWELL RD, Keswick, VA 22947
      View Details
    • $190,000

      Residential Development Land with Pond

      3.4-acre residential land parcel with a stream-fed pond, updated setback variance, and perc-tested conventional septic feasibility.
      BEAVERDAM RD, KESWICK, VA 22947
      View Details
    • $190,000

      Keswick Vacant Land Parcel

      3.4 acre vacant land parcel with stream-fed pond.
      TBD BEAVERDAM RD, Keswick, VA 22947
      View Details
    • $250,000

      Land For Sale

      Land available for purchase in Louisa County, Virginia.
      001 Beaver Dam Rd, Keswick, VA 22947
      View Details

    FAQs

    What type of property is this?
    Recreation land - Gated estate community home site with design review guidance and 24-hour security.
    Where is this recreation land located?
    The property is located at PALMER DR lot 28 Keswick, VA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Gated estate community with only 121 homes and home sites behind the gates; Home sites range from 2 to 6 acres; 24‑hour security in the gated community
    (434) 981-7439
    We can help!
    Listing Contact
    MURDOCH MATHESON
    Real Estate License ID: 0225058114
    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

    Thank You for Inquiry
    PALMER DR lot: 28, KESWICK, VA 22947
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!