Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restored Commercial Building in Cape Charles Title is generated by Realmo AI

    309 MASON AVE, Cape Charles, VA 23310

    View on Map
    Claim this Listing
    New
    For Sale
    $649,000

    COMMERCIAL - CAPE CHARLES, VA

    Property size:
    1,106 SF
    Price / SF:
    $586/SF
    Added:
    May 23, 2026
    Days on Market:
    1
    Last Refresh:
    May 23 at 4:06 pm

    Property Features for 309 MASON AVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    83A3-1-611C
    Size
    1,106 SF

    Building Details

    Year built
    1925

    We can help!

    Listing Contact
    Barrett Cree

    Listing agent Barrett Cree

    Listing office BLUE HERON REALTY CO. 7134 Wilsonia Neck Drive, Machipongo, VA

    Listing date May 23, 2026

    MLS# 71502

    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

    • Meticulously restored commercial building in the heart of Cape Charles's Historic Commercial District, a top Virginia tourist destination.
    • Turnkey condition with completely updated plumbing, electric, HVAC, and a new addition.
    • Designed by Leon Parham, a leading architect known for historical restorations.
    • Excellent storefront visibility and high foot traffic on Mason Ave.
    • Rear off‑street access.
    • Located in Virginia's Enterprise Zone, offering business incentives.

    Overview

    This meticulously restored commercial building is situated in the heart of Downtown Cape Charles's Historic Commercial District, a popular destination with 343,000 annual visitors. The property offers 1,106 square feet of commercial space. The building's restoration and new addition were designed by Leon Parham, blending modern efficiency with historic charm and character. The building is in exceptional condition, with updated plumbing, electric, HVAC, and a new addition, all with rear off-street access. It features great storefront visibility and high foot traffic, situated on Mason Avenue between Strawberry and Peach Street, a few blocks from the Public Beach. The property offers an excellent opportunity to own a business in a desirable beach town on the East Coast. Located in Virginia's Enterprise Zone, it offers potential incentives. The property has excellent commercial frontage on Mason Avenue and is turnkey and ready for business.
    Property Profile Location Intelligence

    Current Use by Public Records

    BayViewEngraving & Art Glass ... Glass Etching Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Charles
    County
    Northampton
    State
    Virginia
    Longitude
    -76.0171194
    Latitude
    37.2673195

    Nearby Similar for Sale

    • $1,400,000
      10,745 SF

      Motel on 8+ Acres

      Traditional motel with expansion potential near Cape Charles, Virginia.
      26369 LANKFORD HWY, CAPE CHARLES, VA 23310
      View Details
    • $349,000
      1,132 SF

      Historic Bank Building in Cape Charles

      Historic building suitable for residential, business, or commercial use.
      4322 CAPEVILLE DR, CAPE CHARLES, VA 23313
      View Details
    • $499,000
      4,920 SF

      Prime Cape Charles Commercial Opportunity

      Two-story commercial property in the heart of downtown Cape Charles.
      307 MASON AVE, CAPE CHARLES, VA 23310
      View Details
    • $1,395,000
      4,088 SF

      Historic Cape Charles Commercial Property

      Unique 1920s building in historic Cape Charles, Virginia.
      1 FIG ST, CAPE CHARLES, VA 23310
      View Details
    • $349,000
      1,830 SF

      Commercial Building in Cape Charles

      Commercial building with parking lot and multiple rooms for business.
      726 RANDOLPH AVE, CAPE CHARLES, VA 233310
      View Details
    • $899,000
      3,072 SF

      Turnkey Duplex Investment Opportunity

      Fully renovated duplex in historic Cape Charles with strong rental income.
      521 Monroe Avenue, Cape Charles, VA 23310
      View Details
    • $2,200,000

      Seaside Farm with Subdivision Potential

      Cape Charles farm with subdivision potential and sunrise views.
      6049 POPLAR GROVE LN lot: 2 &, CAPE CHARLES, VA 23310
      View Details
    • $625,000
      3,590 SF

      Highway Frontage Commercial Opportunity

      Commercial property with highway frontage, multiple buildings, and storage yard.
      23120 LANKFORD HWY, CAPE CHARLES, VA 23310
      View Details
    • $290,000
      3,150 SF

      Retail Space Ready For Conversion

      Prime retail space suitable for restaurant conversion near downtown.
      21229 S BAYSIDE ROAD, CAPE CHARLES, VA 23310
      View Details
    • $280,000
      2,352 SF

      Commercial Building in Cheriton

      Commercial building in Cheriton, currently rented to retail businesses.
      21230 S BAYSIDE ROAD, CAPE CHARLES, VA 23310
      View Details
    • $289,000
      655 SF

      Commercial Space in Cape Charles

      Commercial property in a desirable historic beach town.
      300 #A MASON AVE, CAPE CHARLES, VA 23310
      View Details
    • $325,000
      655 SF

      Commercial Space in Cape Charles

      Commercial space in the heart of Cape Charles, Virginia.
      300D MASON AVE, CAPE CHARLES, VA 23310
      View Details

    FAQs

    What type of property is this?
    Storefront property - Meticulously restored commercial building in the heart of Cape Charles.
    Where is this storefront property located?
    The property is located at 309 MASON AVE Cape Charles, VA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Meticulously restored commercial building in the heart of Cape Charles's Historic Commercial District, a top Virginia tourist destination.; Turnkey condition with completely updated plumbing, electric, HVAC, and a new addition.; Designed by Leon Parham, a leading architect known for historical restorations.
    (757) 442-0808
    We can help!
    Listing Contact
    Barrett Cree
    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
    309 MASON AVE, CAPE CHARLES, VA 23310
    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!