Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Land with Income Potential Title is generated by Realmo AI

    1-9 CHURCH RD lot 1-9, Onley, VA 23418

    View on Map
    Claim this Listing
    For Sale
    $839,000

    LAND - ONLEY, VA

    Lot size:
    120.00 Acres
    Added:
    May 23, 2025
    Days on Market:
    365
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 1-9 CHURCH RD lot 1-9

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Multi-Use
    Standard status
    Active
    APN
    94-14-3+
    Lot size
    120.00 Acres

    We can help!

    Listing Contact
    MAUREEN MACKAY
    MAUREEN MACKAY

    Listing agent MAUREEN MACKAY

    Listing office Weichert, Realtors Mason - Davis 47 MARKET STREET, Onancock, VA

    Listing date May 23, 2025

    MLS# 64450 Listing URL

    Copyright © 2026 Eastern Shore 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

    • 115 acres of cleared, farmable land currently generating income through a lease.
    • Septic permits are in place for residential parcels.
    • Surveyed paperwork is filed with the county.
    • Remainder of the land is wooded.
    • Includes an irrigation pond.
    • Versatile land suitable for farming, solar energy, horses, or building lots.

    Overview

    This property features 120 acres of land, with 115 acres currently leased for farming, generating income. The remaining acreage is wooded and includes an irrigation pond. Residential parcels have septic permits, and surveyed paperwork is filed with the county. The multi-use zoning allows for various possibilities, including selling building lots or maintaining the property for farming, solar energy, or equestrian purposes. The location in Onley, VA, offers multiple potential uses for the land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Restaurant Auto Repair Shop Dental Office Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Onley
    County
    Accomack
    State
    Virginia
    Longitude
    -75.6988438
    Latitude
    37.6952334

    Nearby Similar for Sale

    • $599,000
      2,400 SF

      Historical Bank Building For Sale

      Restored historical bank and Western Union building, currently leased.
      25514 E MAIN ST., ONLEY, VA 23418
      View Details
    • $1,550,000
      25,200 SF

      Spacious Commercial Building on Highway

      25,200 SF building on 4+ acres with highway frontage.
      25131 LANKFORD HWY, ONLEY, VA 23418
      View Details
    • $275,000
      1,470 SF

      Spacious 1920s Home with Character

      Classic home with generous space and restoration potential in convenient location.
      25396 MARYLAND AVE, ONLEY, VA 23418
      View Details
    • $130,000

      Commercial Land in Onley, VA

      2.532 acres of commercial land, development ready.
      LANKFORD HWY lot: 0, ONLEY, VA 23418
      View Details
    • $250,000

      Commercial Land on Lankford Highway

      Undeveloped commercial land with high traffic exposure on Lankford Highway.
      LANKFORD HWY, ONLEY, VA 23418
      View Details
    • $250,000

      Undeveloped Commercial Land in Onley

      1.9 acres of commercial land with high traffic exposure.
      LANKFORD HWY lot: 0, ONLEY, VA 23418
      View Details
    • $175,000
      1,796 SF

      Renovated Commercial Building in Onley

      Renovated 1796 SF commercial building with parking in Onley.
      25526 E MAIN ST., ONLEY, VA 23418
      View Details
    • $799,000

      Cleared Land with Highway Frontage

      17 acres with highway frontage near Riverside Shore Memorial Hospital.
      LANKFORD HWY lot: 0000, ONLEY, VA 23418
      View Details
    • $695,000

      Commercial Corner Site in Onley

      Commercial corner site in the heart of the Eastern Shore.
      25576 LANKFORD HWY, ONLEY, VA 23418
      View Details
    • Contact for pricing
      75,000 SF

      Mixed-Use Development Land Available

      100+ acre mixed-use development site with commercial and residential potential.
      Lankford Hwy, Onley, VA
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 120 acres of land suitable for farming or development.
    Where is this agricultural land / farmland located?
    The property is located at 1-9 CHURCH RD lot 1-9 Onley, VA.
    What is the asking price?
    The asking price for this property is $839,000.
    What are key features of this property?
    This property features: 115 acres of cleared, farmable land currently generating income through a lease.; Septic permits are in place for residential parcels.; Surveyed paperwork is filed with the county.
    (757) 709-8590
    We can help!
    Listing Contact
    MAUREEN MACKAY
    MAUREEN MACKAY
    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

    Thank You for Inquiry
    1-9 CHURCH RD lot: 1-9, ONLEY, VA 23418
    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!