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

    Wilborn Avenue South Boston, VA 24592

    View on Map
    Claim this Listing
    For Sale
    $44,900

    COMMERCIAL - South Boston, VA

    Lot size:
    1.00 Acre
    Added:
    Feb 22, 2021
    Days on Market:
    1879
    Last Refresh:
    Apr 16 at 4:06 am

    Property Features for Wilborn Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-2
    Standard status
    Active
    APN
    3812,3815,3816
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    LOT 4 BLK 46 50X150 WILBORN AVE, LOTS 7 8 9 BLK 46 & ABANDONED ALLEY, LOT 9A BLK 46 12X165 NOBLIN A

    We can help!

    Listing Contact
    Jeff Francisco

    Listing agent Jeff Francisco

    Listing office Long and Foster - South Boston 3510 Old Halifax Road, South Bostong, VA

    Listing date Feb 22, 2021

    MLS# 64209

    Copyright © 2026 Southern Piedmont Land & Lake 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

    South Boston Commercial Vacant Lot

    This commercial vacant lot is located on Wilborn Avenue in South Boston, Virginia. The property is approximately 1 acre and is zoned B-2. The lot has road frontage on Wilborn Avenue, Noblin Avenue, and Logan Street. The frontage on Wilborn Avenue is cleared, while the remaining portion of the lot is wooded. A stream runs through the back of the lot, leading to Noblin Avenue. One of the owners holds a real estate license in the state of Virginia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    South Boston
    County
    Halifax
    State
    Virginia
    Longitude
    -78.902214
    Latitude
    36.699055

    Nearby Similar for Sale

    • $75,000
      1,512 SF

      South Boston Commercial Repurposing Opportunity

      Car wash with repurposing potential in South Boston, Virginia.
      Noblin Avenue, South Boston, VA 24592
      View Details
    • $699,000
      1,500 SF

      Retail Space on Highway 58

      High-visibility retail space on a busy highway.
      1070 Bill Tuck Hwy, South Boston, VA 24592
      View Details
    • $235,000
      1,780 SF

      Farmhouse with Rental Potential

      Farmhouse on 4.46 acres near South Boston, Virginia.
      1120 Old Grubby Road, South Boston, VA 24592
      View Details
    • $349,000

      50+ Acres on Dan River

      Land with river frontage, house included near South Boston, VA.
      5202 PHILPOTT RD, South Boston, VA 24592
      View Details
    • $69,900

      Commercial Land in South Boston

      0.9 acre commercial land with high traffic and excellent location.
      3322 Old Halifax Road, South Boston, VA 24592
      View Details
    • $309,000

      Dan River Waterfront Land Available

      50+ acres on the Dan River, South Boston, Virginia.
      00 PHILPOTT RD, South Boston, VA 24592
      View Details
    • $350,000

      Land in South Boston, VA

      Vacant land with frontage on Hamilton and College St.
      Hamilton Blvd, South Boston, VA 24592
      View Details
    • $219,900
      15,000 SF

      Historic Downtown Investment Opportunity

      Charming mixed-use redevelopment opportunity in South Boston's historic district.
      505/573 N Main Street, South Boston, VA 24592
      View Details
    • $3,790,000
      45,402 SF

      South Boston Multifamily Investment Opportunity

      65-unit apartment complex on 7.98 acres near retail.
      350 Powell Road, South Boston, VA 24592
      View Details
    • $69,500
      8,250 SF

      South Boston Industrial Property For Sale

      8,470 SF industrial building on 4.39 acres in South Boston.
      530 Summit Drive, South Boston, VA 24592
      View Details
    • $144,900
      2,062 SF

      South Boston Commercial Opportunity

      Commercial property in South Boston with large open area.
      1721 Seymour Drive, South Boston, VA 24592
      View Details
    • $54,900

      South Boston Commercial Opportunity

      Two adjoining commercial lots in high-traffic area.
      Seymour Drive, South Boston, VA 24592
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 1 acre commercial vacant lot in South Boston, VA.
    Where is this commercial land located?
    The property is located at Wilborn Avenue South Boston, VA.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: Approximately 1.0 +/- acre vacant lot; Zoned B‑2; Road frontage on Wilborn Ave
    (434) 470-8222
    We can help!
    Listing Contact
    Jeff Francisco
    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!