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

    Lot 102 FAIRVIEW DR Mineral, VA 23117

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

    Waterfront lot in Elk Creek Landing with lake views.

    Type:Land
    Lot size:
    1.06 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 4 at 7:00 am

    Property Features for Lot 102 FAIRVIEW DR

    General Information

    Standard status
    Active
    Lot size
    1.06 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Michael Philip Stevens

    Listing agent Michael Philip Stevens License #0225244427

    Listing office Lake Homes Realty, LLC

    Listing date Apr 4, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lake Homes Realty, LLC

    Overview

    Lake Anna Waterfront Lot

    This is one of the last remaining waterfront lots available in the Elk Creek Landing neighborhood on the private side of Lake Anna. The property consists of 1.06 partially wooded acres with 135 feet of waterfrontage and lake views. The driveway entrance, culvert pipe, and driveway base are already installed. The community provides walking trails and a common area, featuring a pavilion, picnic area, and boat ramp. Elk Creek is located near various amenities, including wineries, breweries, restaurants, and a Food Lion.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mineral
    County
    Louisa
    State
    Virginia
    Longitude
    -77.8806
    Latitude
    37.9785

    Nearby Similar for Sale

    • $1,000,000

      Acreage Farm with Shop Building

      67.6 acre farm with shop building and potential homesites.
      474 Orchid Road, Mineral, VA 23117
      View Details
    • $400,000

      Waterfront Lot on Lake Anna

      1.06 acre waterfront lot with 135' frontage.
      FAIRVIEW DR lot: 102, MINERAL, VA 23117
      View Details
    • $544,900
      1,885 SF

      Lake Anna Modern Farmhouse

      Charming modern farmhouse near Lake Anna with community lake access.
      244 SECLUSION SHORES Drive, MINERAL, VA 23117
      View Details
    • $369,000

      Lake Anna Waterfront Land

      Waterfront lot with wide lake views on Lake Anna.
      6302 BELMONT Road, MINERAL, VA 23117
      View Details
    • $499,000

      67 Acres Near Lake Anna

      67 acres suitable for recreation, investment, or commercial use.
      Fredericks Hall Road, Mineral, VA 23117
      View Details
    • $199,000

      Lake Anna Waterfront Land

      Buildable lot with boat slip and community amenities.
      LAKEWOOD CIRCLE lot: 46, MINERAL, VA 23117
      View Details
    • $174,900

      Lake Anna Water-Access Lot

      Water-access lot on Lake Anna with boat slip.
      SUNSET LOOP lot: 47, MINERAL, VA 23117
      View Details
    • $129,000

      Corner Lot Near Lake Anna

      Premium corner lot with boat slip near Lake Anna.
      6711 MORNING DEW Drive, MINERAL, VA 23117
      View Details
    • $99,900

      Lake Anna Building Lot

      0.95-acre lot with boat slip near Lake Anna.
      Lot 2 OVERTON DR, MINERAL, VA 23117
      View Details
    • $275,000

      Waterfront Lot in Rose Valley

      Shared waterfront lot with boat slip in Mineral, Virginia.
      5400 SPINNAKER Way, MINERAL, VA 23117
      View Details
    • $249,000

      Waterfront Lot in Rose Valley

      Shared waterfront lot with boat slip in Rose Valley.
      5402 SPINNAKER Way, MINERAL, VA 23117
      View Details
    • $200,000

      30 Acres Wooded Land, Mineral

      30-acre wooded parcel near Mineral, zoned A-2.
      Shelton Lane, Mineral, VA 23117
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot in Elk Creek Landing with lake views.
    Where is this waterfront land located?
    The property is located at Lot 102 FAIRVIEW DR Mineral, VA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Waterfront lot on the private side of Lake Anna.; Located in the desirable Elk Creek Landing neighborhood.; **Enjoy 1.06 acres with 135' of waterfrontage and lake views.**
    (804) 338-7294
    We can help!
    Listing Contact
    Michael Philip Stevens
    Real Estate License ID: 0225244427
    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!