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 1 Wilson Boulevard Fishersville, VA 22939

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $367,000

    Commercial land with traffic signal, near I-64 and amenities.

    Type:Land / Commercial
    Added:
    May 19, 2024
    Days on Market:
    701
    Last Refresh:
    Mar 13 at 12:08 pm

    Property Features for Lot 1 Wilson Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    LARRY DAVIS

    Listing agent LARRY DAVIS

    Listing office DAVNER REALTY

    Listing date May 19, 2024

    Source Compass

    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 DAVNER REALTY

    Overview

    Corner Lot Near Interstate

    This corner lot benefits from a traffic signal and proximity to various amenities. Situated across the street from Eavers Tire Pros, the property is also located just minutes from I-64, Augusta Health, and the Amazon Fulfillment Center. The stormwater pond has already been constructed. Construction plans and specifications are subject to owner approval.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishersville
    County
    Augusta
    State
    Virginia
    Longitude
    -78.976925
    Latitude
    38.088732

    Nearby Similar for Sale

    • $689,000
      3,332 SF

      Income-Producing Building in Fishersville, VA

      Historic, remodeled professional building with immediate cash flow.
      30 LADD RD, FISHERSVILLE, VA 22939
      View Details
    • $652,000
      3,348 SF

      Stand-Alone Office/Retail Property

      Office/retail property with ample parking in a commercial corridor.
      13 LONG MEADOW RD, FISHERSVILLE, VA 22939
      View Details
    • $699,000

      Prime Commercial Land Opportunity

      Commercial land in growing area with excellent development potential.
      Lot 34 TINKLING SPRING RD, FISHERSVILLE, VA 22939
      View Details
    • $1,500,000
      7,200 SF

      Truck/Auto Repair Shop Building

      7,200 SF building on 6.56 acres near I-64.
      184 MULE ACADEMY RD, FISHERSVILLE, VA 22939
      View Details
    • $800,000

      Commercial Land Near I-64/I-81

      Commercial lot near I-64 and I-81, suitable for various uses.
      TBD6 LADD RD, FISHERSVILLE, VA 22939
      View Details
    • $850,000

      Commercial Lot Near I-64/I-81

      Commercial lot in high-demand area near I-64 and I-81.
      TBD7 LADD RD, FISHERSVILLE, VA 22939
      View Details
    • $2,000,000
      34,709 SF

      Industrial Property Near Augusta Health

      Industrial-zoned property with multiple buildings near I-64 and Augusta Health.
      183 MULE ACADEMY RD, FISHERSVILLE, VA 22939
      View Details
    • $689,000
      3,332 SF

      Historic Manor-Style Professional Building

      Income-producing, fully leased building in Fishersville's commercial corridor.
      30 LADD RD, Fishersville, VA 22939
      View Details
    • $549,900
      2,150 SF

      Versatile Commercial Space in Fishersville

      2,150 sq ft commercial space ideal for various businesses.
      1425 JEFFERSON HWY, FISHERSVILLE, VA 22939
      View Details
    • $499,900
      5,614 SF

      Commercial Property Near Interstate 64

      Commercial property with warehouse and potential for multiple rental units.
      35 TINKLING SPRING RD, Fishersville, VA 22939
      View Details
    • $652,000
      3,348 SF

      Stand-Alone Office/Retail Property For Sale

      Office/retail property with ample parking and additional land available.
      13 LONG MEADOW RD, Fishersville, VA 22939
      View Details
    • $549,000

      Commercial Land in Growing Area

      Prime commercial land with high visibility and accessibility.
      Lot 35 TINKLING SPRING RD, FISHERSVILLE, VA 22939
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with traffic signal, near I-64 and amenities.
    Where is this commercial land located?
    The property is located at Lot 1 Wilson Boulevard Fishersville, VA.
    What is the asking price?
    The asking price for this property is $367,000.
    What are key features of this property?
    This property features: Corner lot with traffic signal.; Minutes from I64, Augusta Health, and Amazon Fulfillment Center.; Across the street from Eavers Tire Pros.
    (540) 480-6848
    We can help!
    Listing Contact
    LARRY DAVIS
    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!