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

    4227 DAVIS HWY Louisa, VA 23093

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    Leveled lot near downtown Louisa with excellent road frontage.

    Type:Land or Vacant Lot
    Lot size:
    0.52 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    103
    Last Refresh:
    Apr 5 at 10:25 pm

    Property Features for 4227 DAVIS HWY

    General Information

    Standard status
    Active
    Lot size
    0.52 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MAURICE COVINGTON

    Listing agent MAURICE COVINGTON License #0225252262

    Listing office FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY

    Listing date Jan 8, 2026

    Source Corcoran

    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 FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY

    Overview

    Commercial Lot with Road Frontage

    This leveled commercial lot features excellent road frontage and is located directly off the main street, approximately 1 mile from downtown Louisa. The property was formerly an old Woco Gas station.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Louisa
    County
    Louisa
    State
    Virginia
    Longitude
    -77.9778
    Latitude
    38.0177

    Nearby Similar for Sale

    • $625,000

      28.5 Acres Fenced Pastures, Barn

      28.5 acres with fenced pastures, barn, and office space.
      50 ELIZABETH, LOUISA, VA 23093
      View Details
    • $300,000

      Residential Building Lot Overlooking Lake

      5-acre residential building lot with lake access near Charlottesville.
      ROCK QUARRY RD, LOUISA, VA 23093
      View Details
    • $22,900

      Blue Ridge Shores Land Opportunity

      Two lots in Blue Ridge Shores community with lake access.
      562/563 Locust Dr, Louisa, VA 23093
      View Details
    • $10,000

      Lake Louisa Water Access Lots

      Two lots with lake access and community amenities in Louisa.
      N LAKESHORE Drive lot: 1223 & 1224, LOUISA, VA 23093
      View Details
    • $174,900

      11.8 Acres Wooded Land

      Private retreat with approved building sites near town.
      23 TAYLOR Road, LOUISA, VA 23093
      View Details
    • $84,900

      Lake Anna Wooded Lot

      Gorgeous 3-acre wooded lot near Lake Anna.
      20 & 21 HARNESS LN, LOUISA, VA 23093
      View Details
    • $22,000

      Residential Lot in Gated Community

      Residential lot in gated community with many amenities near Charlottesville.
      Lot 219 PINEHURST DR, LOUISA, VA 23093
      View Details
    • $22,000

      Residential Lot in Gated Community

      Residential lot in gated community with many amenities near Charlottesville.
      Lot 220 PINEHURST DR, LOUISA, VA 23093
      View Details
    • $12,000

      Residential Lot in Gated Community

      0.25 acre lot in Blue Ridge Shores community.
      Lot 1154 FERNDALE DR, LOUISA, VA 23093
      View Details
    • $375,000

      Louisa, VA Land with Views

      22-acre gated property with Blue Ridge Mountain views.
      7695A Three Notch Road, Louisa, VA 23093
      View Details
    • $115,000

      Louisa, VA Land Parcel

      7.952 acre lot, build your dream home!
      Kinneytown, Louisa, VA 23117
      View Details
    • $99,900

      Residential Lot in Louisa County

      3-acre lot near I-64, ideal for new home.
      0 DELL PERKINS RD, LOUISA, VA 23093
      View Details

    FAQs

    What type of property is this?
    Commercial land - Leveled lot near downtown Louisa with excellent road frontage.
    Where is this commercial land located?
    The property is located at 4227 DAVIS HWY Louisa, VA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Leveled lot; Excellent road frontage; Located directly off main street
    (434) 296-0134
    We can help!
    Listing Contact
    MAURICE COVINGTON
    Real Estate License ID: 0225252262
    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!