Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Chicken Farm with Renovated Home Title is generated by Realmo AI

    18646 AIRPORT DR lot A-88, Melfa, VA 23410

    View on Map
    Claim this Listing
    For Sale
    $2,050,000

    LAND - MELFA, VA

    Property size:
    130,800 SF
    Lot size:
    31.80 Acres
    Price / SF:
    $15/SF
    Added:
    Apr 25, 2026
    Days on Market:
    28
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 18646 AIRPORT DR lot A-88

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Active
    APN
    101-A-88
    Size
    130,800 SF
    Lot size
    31.80 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Mickey Joe Hayward, Sr

    Listing agent Mickey Joe Hayward, Sr

    Listing office Sunset Properties 1138 Ocean Hwy, Pocomoke City, VA

    Listing date Apr 25, 2026

    MLS# 71315 Listing URL

    Copyright © 2026 Eastern Shore Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Five chicken houses totaling 130,800 square feet.
    • Includes a completely renovated 4‑bedroom, 2‑bathroom home.
    • Features 8 wells and 2 manure sheds.
    • Three existing pads for potential construction of additional chicken houses.
    • Property size: 33 acres.
    • Chicken houses built in 2000, 2007/2008, and 2012.

    Overview

    This 31.8-acre farm in MELFA, VA, features five chicken houses with a total of 130,800 square feet. The structures include: 60 x 560 chicken houses built in 2012, 60 x 500 chicken houses built in 2007/2008, and three 40 x 560 chicken houses built in 2000. The property also includes eight wells and two manure sheds. There are three existing pads where additional chicken houses may be built. A completely renovated, four-bedroom, two-bathroom home is also located on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Department Store Food Market Grocery & Convenience Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Melfa
    County
    Accomack
    State
    Virginia
    Longitude
    -75.7535546
    Latitude
    37.6614117

    Nearby Similar for Sale

    • $399,000
      4,530 SF

      Former Restaurant with Bar

      Restaurant with bar, highway visibility, and large parking lot.
      29106 LANKFORD HWY, MELFA, VA 23410
      View Details
    • $325,000
      2,860 SF

      Melfa Multi-Unit Investment Property

      Well-maintained, tenant-occupied multi-unit property in Melfa, Virginia.
      19385 MAIN ST, MELFA, VA 23410
      View Details
    • $325,000
      2,860 SF

      Melfa Multi-Unit Investment Property

      Well-maintained three-unit property in Melfa, tenant-occupied, ideal income opportunity.
      19385 MAIN ST, MELFA, VA 23410
      View Details
    • $363,900
      1,992 SF

      Remodeled Farmhouse with Modern Updates

      Tastefully remodeled 3-bedroom farmhouse with modern updates and charm.
      29142 PHILLIPS DR, MELFA, VA 23410
      View Details
    • $550,000
      11,658 SF

      Premium Flex Office with Expansion

      11,658 SF flex office on 3 acres for sale.
      18321 Parkway, Melfa, VA 23410
      View Details
    • $699,999
      1,584 SF

      State-of-the-Art Kennel For Sale

      14-room kennel with house in rural, centralized location.
      29636 Seaside Rd, Melfa, VA 23410
      View Details
    • $675,000
      2,508 SF

      Turnkey Dog Boarding Business & Home

      Established dog boarding business with a 3-bedroom home for sale.
      29636 SEASIDE RD, MELFA, VA 23410
      View Details

    FAQs

    What type of property is this?
    Farm - 31.8-acre chicken farm with five houses and renovated home.
    Where is this farm located?
    The property is located at 18646 AIRPORT DR lot A-88 Melfa, VA.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: Five chicken houses totaling 130,800 square feet.; Includes a completely renovated 4‑bedroom, 2‑bathroom home.; Features 8 wells and 2 manure sheds.
    (410) 924-2277
    We can help!
    Listing Contact
    Mickey Joe Hayward, Sr
    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
    18646 AIRPORT DR lot: A-88, MELFA, VA 23410
    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!