Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Yorktown Land Opportunity Title is generated by Realmo AI

    502 Showalter Road, Yorktown, VA 23692

    View on Map
    Claim this Listing
    New
    For Sale
    $159,000

    LAND - Yorktown, VA

    Lot size:
    0.45 Acres
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for 502 Showalter Road

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    894

    Utilities

    Water front features
    Waterfront

    We can help!

    Listing Contact
    Sheree Lester
    Sheree Lester

    Listing agent Sheree Lester

    Listing office Abbitt Realty Company LLC 11835 Fishing Point Drive #205, Hampton, VA

    Listing date May 26, 2026

    MLS# 10635820 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.

    HighLights

    • Waterfront property
    • Opportunity to customize a home with a builder
    • Convenient access to schools
    • Convenient access to shopping
    • Convenient access to dining
    • Convenient access to local waterways

    Overview

    This 0.45-acre lot is located in Yorktown, Virginia. The property offers convenient access to schools, shopping, dining, and local waterways. It is zoned RR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    York
    State
    Virginia
    Longitude
    -76.449614
    Latitude
    37.137865

    Nearby Similar for Sale

    • $1,100,000
      4,402 SF

      Turnkey Inn in Historic Yorktown

      Boutique inn steps from Yorktown Beach and Riverwalk.
      220 Church Street, Yorktown, VA 23690
      View Details
    • $1,100,000
      4,402 SF

      Turnkey Inn in Historic Yorktown

      Boutique inn steps from Yorktown Beach and historic attractions.
      220 Church Street, Yorktown, VA 23690
      View Details
    • $1,100,000
      4,402 SF

      Turnkey Inn in Historic Yorktown

      Boutique inn steps from Yorktown Beach and historic attractions.
      220 Church Street, Yorktown, VA 23690
      View Details
    • $495,000
      2,000 SF

      Yorktown Commercial Building For Sale

      Commercial/retail/industrial building in prime Yorktown location near Newport News.
      1126 George Washington Memorial Highway, Yorktown, VA 23693
      View Details
    • $1,200,000
      9,051 SF

      Yorktown Multi-Use Commercial Building

      9,000+ sq ft multi-use building in York County, VA.
      106 Industry Drive, Yorktown, VA 23693
      View Details
    • $1,100,000
      4,400 SF

      Yorktown Commercial Building For Sale

      4,400 SF commercial building in high-traffic Yorktown location.
      1101 Coventry Boulevard, Yorktown, VA 23693
      View Details
    • $525,000
      143,748 SF

      Yorktown Commercial Land For Sale

      Corner lot with high visibility near Colonial National Historical Park.
      9301 George Washington Memorial Highway, Yorktown, VA 23690
      View Details
    • $850,000
      4,300 SF

      Yorktown Multi-Use Commercial Building

      Turn-key multi-use facility in the heart of Yorktown, Virginia.
      3440 Hampton Highway, Yorktown, VA 23693
      View Details
    • $200,000

      Yorktown Land Ready to Build

      3.29 acre lot with approved permits and house plans.
      500 Railway Road, Yorktown, VA 23692
      View Details
    • $200,000

      Yorktown Land Ready to Build

      3.29 acre lot with approved permits and house plans.
      500 Railway Road lot: 1, Yorktown, VA 23692
      View Details
    • $725,000

      Waterfront Land in Yorktown, VA

      2.67-acre waterfront property to craft your dream home.
      816 Ship Point Road, Yorktown, VA 23692
      View Details
    • $185,000

      Wooded Homesite in Historic Yorktown

      Half-acre homesite ready for your dream home in Yorktown.
      713 Ship Point Road lot: A4, Yorktown, VA 23692
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Yorktown, close to amenities and waterways.
    Where is this residential land & home lot located?
    The property is located at 502 Showalter Road Yorktown, VA.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Waterfront property; Opportunity to customize a home with a builder; Convenient access to schools
    (757) 534-7922
    We can help!
    Listing Contact
    Sheree Lester
    Sheree Lester
    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
    502 Showalter Road, Yorktown, VA 23692
    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!