Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land in Carrollton, VA Title is generated by Realmo AI

    1 Gayle Way, Carrollton, VA 23314

    View on Map
    Claim this Listing
    For Sale
    $220,000

    LAND - Carrollton, VA

    Lot size:
    4.00 Acres
    Added:
    Jul 1, 2024
    Days on Market:
    682
    Last Refresh:
    May 13 at 9:06 am

    Property Features for 1 Gayle Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RAC
    Standard status
    Active
    Lot size
    4.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2700

    Utilities

    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    David Moose

    Listing agent David Moose

    Listing office Weichert Realtors-KBL Company 3508 Robs Dr., SUFFOLK, VA

    Listing date Jul 1, 2024

    MLS# 10540709 Listing URL

    Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront property on Brewers Creek
    • Offers privacy
    • Offers beauty
    • Hidden away location
    • Site to build via RPA restrictions
    • Creek waterfront features

    Overview

    This four-acre waterfront land offers privacy and beauty on Brewers Creek in Carrollton, Virginia. The property is subject to RPA restrictions, and the owners will go through the process of providing a site to build. The zoning is RAC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Auto Repair Shop Auto Parts Store Storage Facility Garden Center Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Isle of Wight
    State
    Virginia
    Longitude
    -76.551355
    Latitude
    36.92999

    Nearby Similar for Sale

    • $875,000
      2,666 SF

      Commercial Property in Carrollton, VA

      2,666 SF commercial property on 1.98 acres for sale.
      22251 Brewers Neck Boulevard, Carrollton, VA 23314
      View Details
    • $2,900,000

      Carrollton Commercial Land Opportunity

      Prime commercial land near new Riverside Hospital in Carrollton, VA.
      20 Brewers Neck Boulevard, Carrollton, VA 23314
      View Details
    • $1,000,000

      Carrollton Land for Residential Development

      95.68 acres in growing Carrollton community, ideal for development.
      22056 Brewers Neck BLVD, Carrollton, VA 23314
      View Details
    • $1,375,000

      Large Land Tract in Carrollton

      27+ acre land parcel in growing Hampton Roads area.
      25+AC Brewers Neck Boulevard, Carrollton, VA 23314
      View Details
    • $2,900,000

      Land in Growing Carrollton, VA

      Land with income and development potential in Hampton Roads.
      15501 CARROLLTON Boulevard, Carrollton, VA 23314
      View Details
    • $2,900,000

      Carrollton, VA Commercial Land

      20-acre commercial land with development potential in Carrollton, VA.
      15501 Carrollton Boulevard, Carrollton, VA 23314
      View Details
    • $680,000

      Prime Land Parcel For Sale

      Land parcel with high visibility and multiple access points.
      Carrollton Blvd, Carrollton, VA
      View Details
    • $3,000,000
      22,200 SF

      Prime Retail Land for Lease

      6.03 acres at signalized intersection, high visibility, accessibility.
      22313 Brewers Neck Blvd, Carrollton, VA
      View Details
    • $1,250,000
      6,024 SF

      Land and Office Building Opportunity

      Land development with fully leased office building for sale.
      15154 Carrollton Blvd, Carrollton, VA 23314
      View Details
    • $2,699,000

      Land in Newport Development District

      Land suitable for residential, commercial, or industrial development.
      14100 Carrollton Blvd, Carrollton, VA 23314
      View Details
    • $1,250,000

      Prime Commercial Land Opportunity

      Commercial land in high-traffic area with strong demographics.
      Carrollton Blvd and Northgate Ln, Carrollton, VA
      View Details
    • $950,000

      Commercial Land in High-Traffic Area

      Commercial land with high visibility and customer potential.
      13489 Carrollton Blvd, Carrollton, VA
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Four-acre waterfront land on Brewers Creek in Carrollton, Virginia.
    Where is this waterfront land located?
    The property is located at 1 Gayle Way Carrollton, VA.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Waterfront property on Brewers Creek; Offers privacy; Offers beauty
    (757) 967-0410
    We can help!
    Listing Contact
    David Moose
    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 Gayle Way, Carrollton, VA 23314
    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!