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

    64 & 65 Granite Hall Drive Boydton, VA 23917

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $240,000

    Land with tall trees and lake access.

    Type:Lots/Land
    Lot size:
    22.03 Acres
    Added:
    Feb 23, 2025
    Days on Market:
    422
    Last Refresh:
    Feb 12 at 5:47 am

    Property Features for 64 & 65 Granite Hall Drive

    General Information

    Standard status
    Active
    Lot size
    22.03 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Chad Barbour

    Listing agent Chad Barbour License #269578

    Listing office Lake Gaston Properties, LLC

    Listing date Feb 23, 2025

    Source Exitrealty

    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 Gaston Properties, LLC

    Overview

    Acreage Near Lake Gaston

    This acreage features tall trees, positioned to allow for selective clearing. The land is relatively flat and includes a driveway off of Granite Hall Drive. Residents have access to a community boat ramp and day-use slips on Lake Gaston. The property consists of two parcels being offered together. Lot 65 is 13.83 acres and Lot 64 is 8.2 acres. The parcels are also available for individual purchase.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Boydton
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.159419
    Latitude
    36.5639721

    Nearby Similar for Sale

    • $695,000

      Lake Gaston Waterfront Residential Lot

      Build-ready 1.28-acre lot with 125' shoreline on Lake Gaston.
      1500 Thornton Dr, Boydton, VA 23917
      View Details
    • $2,299,000
      4,553 SF

      Lake Gaston Waterfront Luxury Home

      Luxury waterfront home on Lake Gaston with modern amenities.
      130 Mountain Rock Trail, Boydton, VA 23917
      View Details
    • $199,000

      Lakefront Lot with Boathouse Ready

      0.71-acre lakefront lot with boathouse in Merrymount community.
      82 Merrymount Rd, Boydton, VA 23917
      View Details
    • $49,900

      Lake Gaston Residential Lot

      One-acre lot in Granite Hall Shores community on Lake Gaston.
      36 Shore Drive, Boydton, VA 23917
      View Details
    • $299,000

      Waterfront Lot in Tranquil Boydton

      1.23 acre waterfront lot with cove and lake views.
      31 Thornton Dr, Boydton, VA 23917
      View Details
    • $44,900

      Lake Gaston Homesite Opportunity

      1.25-acre residential lot near Lake Gaston with community access.
      38 Granite Hall Drive, Boydton, VA 23917
      View Details
    • $148,000

      Residential Acreage in Lake Gaston Community

      13.83 acres in Lake Gaston waterfront community.
      65 65 Granite Hall Dr, Boydton, VA 23917
      View Details
    • $575,000
      1,811 SF

      Waterfront Lot with Planned Home

      Waterfront property in Merrymount subdivision with planned 1,811 sqft home.
      TBD Hawtree Way, Boydton, VA 23917
      View Details
    • $349,000

      Residential Waterfront Lot in Boydton

      Main lake waterfront lot suitable for walk-out basement home.
      tbd Davis Drive, Boydton, VA 23917
      View Details
    • $89,000

      Boydton Land Parcel on Hwy 58

      4.7 acre commercial land parcel with highway frontage.
      0 Highway 58 W, Boydton, VA 23917
      View Details
    • $170,000

      Boydton Land Investment Opportunity

      8.11 acres near Microsoft with well, septic, and foundation.
      17732 Highway 58, Boydton, VA 23917
      View Details
    • $289,900

      Kerr Lake Waterfront Building Lot

      1.85-acre lot on Kerr Lake with deep-water access.
      402 Rudds North Lane (Lot 11), Boydton, VA 23917
      View Details

    FAQs

    What type of property is this?
    Land - Land with tall trees and lake access.
    Where is this land located?
    The property is located at 64 & 65 Granite Hall Drive Boydton, VA.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Lake Gaston access via community boat ramp and day use slips.; Large acreage: 22.03 acres total from two parcels.; Relatively flat land suitable for building.
    (434) 955-0704
    We can help!
    Listing Contact
    Chad Barbour
    Real Estate License ID: 269578
    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!