Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1440 Creekway Drive Smithfield, VA 23430

    View on Map
    Claim this Listing
    For Sale
    $185,000

    LAND - Smithfield, VA

    Lot size:
    2.76 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    11
    Last Refresh:
    May 1 at 11:06 pm

    Property Features for 1440 Creekway Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR
    Standard status
    Active
    Lot size
    2.76 Acres

    Taxes and HOA fees

    Tax Annual Amount
    471

    Utilities

    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Julie Hosey

    Listing agent Julie Hosey

    Listing office Garrett Realty Partners 11864 Canon Blvd. #103, Newport News, VA

    Listing date Apr 21, 2026

    MLS# 10630897 Listing URL

    Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    2.76-Acre Lot with Creek Views

    This 2.76-acre lot offers scenic views of Lawns Creek and the Lawns Point on the James community. The property provides privacy, as no future building is permitted across from it. Key improvements have been completed, including lot clearing, soil testing, a paid proffer to the county for $5500, and a survey. The community features over 25 acres of preserved wildlife and conservation space, along with access to piers and waterfront amenities. Located a short distance from the community pier, this homesite is situated in a peaceful, natural setting in Smithfield, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Smithfield
    County
    Isle of Wight
    State
    Virginia
    Longitude
    -76.6719196
    Latitude
    37.1174346

    Nearby Similar for Sale

    • $375,000

      Golf Course Lot Opportunity

      Residential land in Cypress Creek community, Smithfield, Virginia.
      306 Muirfield, Smithfield, VA 23430
      View Details
    • $150,000

      Smithfield, VA Land Available

      Approximately 14 acres of land for sale in Smithfield.
      Bethany Church Road lot: 4, Smithfield, VA 23430
      View Details
    • $115,000

      Private Lot in Rushmere Area

      5.2-acre lot for custom home in Isle of Wight.
      Track Lane lot: C, Smithfield, VA 23430
      View Details
    • $495,000

      James River Waterfront Land

      4.98 acres on the James River with private beach.
      1437 Lawnes Neck Drive, Smithfield, VA 23430
      View Details
    • $125,000

      Wooded Homesite in Upscale Community

      Level, wooded 4.99-acre homesite in Smithfield, VA.
      14307 Lawnes Creek Crossing, Smithfield, VA 23430
      View Details
    • $49,000

      Land in Smithfield, Virginia

      Land for sale in the heart of Smithfield, Virginia.
      Lt 2 Clay Street, Smithfield, VA 23430
      View Details
    • $89,000

      Smithfield Land Ready to Build

      Residential land in Smithfield, VA, ready for custom home.
      0.92AC Fenwood Court, Smithfield, VA 23430
      View Details
    • $49,000

      Land in Smithfield, Virginia

      Land for sale in the heart of Smithfield, Virginia.
      Lt 1 Clay Street, Smithfield, VA 23430
      View Details
    • $195,000

      Commercial Land in Smithfield, VA

      Commercial land offering endless possibilities for business use.
      .57Ac Smithfield Boulevard, Smithfield, VA 23430
      View Details
    • $240,000

      Creek Front Home Site

      Creek front home site in quiet cul-de-sac with trees.
      2561 Fort Huger Drive, Smithfield, VA 23430
      View Details
    • $185,900

      Residential Land in Smithfield, VA

      3.32 acre lot ready for your dream home.
      1314 Lawnes Neck Drive, Smithfield, VA 23430
      View Details
    • $39,000

      Land For Sale Smithfield, VA

      Commercial land available in Smithfield, Virginia.
      .26 ac Clay Street, Smithfield, VA 23430
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.76-acre lot with scenic creek views in Smithfield, VA.
    Where is this residential land & home lot located?
    The property is located at 1440 Creekway Drive Smithfield, VA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: 2.76‑acre lot with scenic views of Lawns Creek and Lawns Point.; No future building permitted across from the property, ensuring privacy.; Key improvements already completed: lot clearing, soil testing, paid proffer ($5500), and survey.
    (757) 873-1002
    We can help!
    Listing Contact
    Julie Hosey
    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

    Thank You for Inquiry

    1440 Creekway Drive, Smithfield, VA 23430

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!