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

    4208 Anderson Hwy Powhatan, VA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with frontage near major highway and utilities.

    Type:LAND
    Lot size:
    9.70 Acres
    Added:
    Feb 28, 2023
    Days on Market:
    1148
    Last Refresh:
    Apr 5 at 10:49 pm

    Property Features for 4208 Anderson Hwy

    General Information

    Standard status
    Active
    Lot size
    9.70 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Bill Phillips

    Listing agent Bill Phillips

    Listing office Joyner Commercial

    Listing date Feb 28, 2023

    Source Moodyscre

    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 Joyner Commercial

    Overview

    Commercial Land Near Highway 522

    This commercial land is located near the intersection of Route 522. It features 430 feet of frontage along Anderson Highway, in proximity to a Sheetz, BP, and USPS Office. The comprehensive plan land use designation is Gateway Business, and utilities are located nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Food Market Electrical Service Furniture & Home Goods Grocery & Convenience Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.9426
    Latitude
    37.5566

    Nearby Similar for Sale

    • $500,000

      Lakefront Estate Homesite Opportunity

      5.66 acre lakefront homesite in Westlake at Mill Mount.
      3739 Mill Mount Turn, Powhatan, VA 23139
      View Details
    • $83,000

      Land in Lake Shawnee

      Wooded lot with lake access in Powhatan, VA.
      2409 Ocala Drive, Powhatan, VA 23139
      View Details
    • $119,950

      Powhatan Commercial/Residential Land For Sale

      1.22 acre lot zoned commercial, convertible to residential.
      Anderson Highway, Powhatan, VA 23139
      View Details
    • $295,000

      Riverfront Land in Powhatan, VA

      10-acre lots with James River frontage and public water.
      Lot 4 Beaumont Rd, Powhatan, VA 23139
      View Details
    • $289,950

      Scenic Land in Powhatan, VA

      14.743 acres ideal for hunting and outdoor enthusiasts.
      277 Petersburg Road, Powhatan, VA 23139
      View Details
    • $155,000

      Maple Grove Homesite Opportunity

      Exceptional 2+ acre homesite in desirable Maple Grove community.
      2602 Maple Grove Lane, Powhatan, VA 23139
      View Details
    • $159,950

      Wooded Land in Powhatan, VA

      2.004 acres of wooded land, zoned A-10.
      Old River Trail, Powhatan, VA 23139
      View Details
    • $350,000

      9 Acre Vacant Land

      Vacant land for sale in Powhatan, Virginia.
      THREE BRIDGE ROAD, Powhatan, VA 23139
      View Details
    • $295,000

      Riverfront Land in Powhatan, VA

      10-acre riverfront lots with pasture and wooded areas available.
      Lot 5 Beaumont Rd, Powhatan, VA 23139
      View Details
    • $295,000

      Riverfront Land in Powhatan, Virginia

      10+ acre lots with James River frontage available for sale.
      Lot 6 Beaumont Rd, Powhatan, VA 23139
      View Details
    • $295,000

      Riverfront Land Opportunity

      10+ acre lots with James River frontage available.
      Lot 2 Beaumont Rd, Powhatan, VA 23139
      View Details
    • $175,000

      Commercial Land in Business Center

      1.16 acre commercial land for sale in Powhatan, Virginia.
      1475 Oak Bridge Ct, Powhatan, VA 23139
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with frontage near major highway and utilities.
    Where is this land located?
    The property is located at 4208 Anderson Hwy Powhatan, VA.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: 430' frontage along Anderson Hwy; Located near intersection of rt 522; Near Sheetz, BP, USPS Office
    (804) 363-5446 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bill Phillips
    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!