Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    723 Lake Caroline Dr Ruther Glen, VA 22546

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    Specialty property available in Lake Caroline, Virginia.

    Lot size:
    0.76 Acres

    Property Features for 723 Lake Caroline Dr

    General Information

    Lot size
    0.76 Acres

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Pilar Alfaro
    Source: Elliman

    Listing Agent: Pilar Alfaro

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

    Learn more

    Overview

    Lake Caroline Specialty Property

    Located in Lake Caroline, Virginia, this specialty property is available for sale. The list price is $599,000.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Dental Office Building Supply Auto Repair Shop Auto Parts Store Tattoo & Piercing Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ruther Glen
    County
    Caroline
    State
    Virginia
    Longitude
    -77.517765
    Latitude
    37.99056

    Nearby Similar for Sale

    • $435,000
      1.71 Acres

      Gas Station and C-Store

      Gas station and convenience store with deli on 1.7 acres.
      20236 Frog Level Rd, Ruther Glen, VA 22546
      View Details
    • $350,000
      1,512 SF

      Remodeled Home on Wooded Acre

      Remodeled home on one-acre lot near Thornburg and Ladysmith.
      7261 Blanton Rd, Ruther Glen, VA 22546
      View Details
    • $1,500,000

      Active Motel and Store Property

      10.06 acres with motel, store, and warehouse.
      23196 Richmond Tpke, Ruther Glen, VA 22546
      View Details
    • $330,000

      Statesman Blvd Commercial Property

      Commercial property available on Statesman Blvd, Ruther Glen.
      7262 Statesman Blvd, Ruther Glen, VA 22546
      View Details
    • $360,000

      Lake Caroline Specialty Property

      Specialty property available in Lake Caroline, Virginia.
      330 Powder Horn Dr, Ruther Glen, VA 22546
      View Details
    • $399,900

      Lake Caroline Specialty Property

      Specialty property available in Lake Caroline, Virginia.
      771 Lake Caroline Dr, Ruther Glen, VA 22546
      View Details
    • $340,000

      Glen Cove Land Opportunity

      Land available in Lake Land'Or community.
      747 Glen Cove Dr, Ruther Glen, VA 22546
      View Details
    • $625,000

      Lake Caroline Specialty Property

      Specialty property for sale in Lake Caroline, Virginia.
      68 Saratoga Cv, Ruther Glen, VA 22546
      View Details
    • $324,900

      Specialty Property For Sale

      Specialty property available for purchase.
      2412 Quail Oak Dr, Ruther Glen, VA 22546
      View Details
    • $349,900

      Land Or Drive Property

      Land Or Drive property for sale in Lake Land'Or.
      384 Land Or Dr, Ruther Glen, VA 22546
      View Details
    • $384,900

      Lake Land'Or Specialty Property

      Specialty property for sale in Lake Land'Or, Virginia.
      612 Wright Dr, Ruther Glen, VA 22546
      View Details
    • $798,000

      Lake Caroline Specialty Property

      Specialty property for sale in Lake Caroline, Virginia.
      210 Lake Caroline Dr, Ruther Glen, VA 22546
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available in Lake Caroline, Virginia.
    Where is this specialty property located?
    The property is located at 723 Lake Caroline Dr Ruther Glen, VA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Year Built: **2025 (New Construction)**; - Price: $11
    (540) 295-7507
    Request Owner's contact information
    723 Lake Caroline Dr Ruther Glen, VA 22546
    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.
    723 Lake Caroline Dr
    Ruther Glen, VA 22546
    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
    723 Lake Caroline Dr Ruther Glen, VA 22546
    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

    We can help!
    Listing Contact
    Pilar Alfaro
    (540) 295-7507
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.