Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    10 Acres with Creek Frontage Title is generated by Realmo AI

    7 Walkers Lane lot 7, Chase City, VA 23924

    View on Map
    Claim this Listing
    Pending
    $86,000

    LAND - Chase City, VA

    Lot size:
    10.00 Acres
    Added:
    May 4, 2026
    Days on Market:
    18
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for 7 Walkers Lane lot 7

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    10.00 Acres

    We can help!

    Listing Contact
    Lisa Novak
    Lisa Novak

    Listing agent Lisa Novak License #225227011

    Listing office eXp Realty LLC 1320 Central Park Blvd. Suite 200, Fredricksburg, VA

    Listing date May 4, 2026

    MLS# 59623 Listing URL

    Copyright © 2026 South Central 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

    • New well, 3‑bedroom septic system, and driveway already installed
    • 10 acres of land with mature timber and creek frontage
    • Agricultural zoning with minimal restrictions
    • Located on a private drive with public road access
    • Only 10 minutes from Rudd's Creek Lake access on Kerr Lake
    • Electric readily accessible at the street; fiber internet may be available

    Overview

    This 10-acre parcel, located off Walkers Lane near Stoney Cross Rd, offers a blend of privacy and convenience. The land gently slopes toward a creek and is surrounded by mature timber, providing shade and privacy. A new well, a 3-bedroom septic system, and a driveway are already installed. Zoned agricultural with minimal restrictions, the property also has readily accessible electric at the street. Located on a private road with public road access, it is approximately 10 minutes from Rudd's Creek Lake access on Kerr Lake. Subdivision potential may be possible, subject to county verification. Fiber internet may be available. The property is located in Chase City, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chase City
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.323827
    Latitude
    36.734257

    Nearby Similar for Sale

    • $97,000
      7,196 SF

      Commercial Property in Chase City

      Commercial property with automotive heritage and versatile business potential.
      342 Mecklenburg Drive, Chase City, VA 23924
      View Details
    • $290,000
      1,680 SF

      Farmette on 4.61 Acres

      Peaceful farmette with established gardens and animal spaces.
      1370 Hunters Lane, Chase City, VA 23924
      View Details
    • $164,900
      927 SF

      Updated Home in Chase City

      Move-in ready home with modern updates and relaxed charm.
      812 E Sycamore Street, Chase City, VA 23924
      View Details
    • $1,515,000
      2,784 SF

      Farmhouse Estate with Guest House

      Restored farmhouse with guest house on 76+ acres.
      14200 Highway 47, Chase City, VA 23924
      View Details
    • $299,995

      50 Acres of Wooded Privacy

      Private 50-acre wooded tract near Boydton and Chase City, VA.
      Watkins Forest Road, Chase City, VA 23924
      View Details
    • $290,000

      82 Acres Riverfront Hunting Land

      82-acre riverfront land near Chase City, Virginia, ideal for hunting.
      COURTHOUSE RD, Chase City, VA 23924
      View Details
    • $159,900

      Chase City Land For Sale

      25 acres of rolling land in Chase City, Virginia.
      Wightman Rd., Chase City, VA 23924
      View Details
    • $86,000

      10 Acres with Creek Frontage

      10 acres with well, septic, driveway near Kerr Lake.
      7 Walkers Lane lot: 7, Chase City, VA 23924
      View Details
    • $129,000

      Secluded Wooded Acreage in Chase City

      33.17 acres of unrestricted land, ideal for country living.
      1486 Twin Peaks Road, Chase City, VA 23924
      View Details
    • $199,900

      Prime Land in Chase City

      9 acres with highway frontage and commercial/industrial zoning.
      Hwy Forty Seven, Chase City, VA 23924
      View Details
    • $299,995

      Undeveloped Land For Sale

      Undeveloped land available in Chase City, Virginia.
      000 Watkins Forest Road, Chase City, VA 23924
      View Details
    • $1,100,000

      Chase City Revitalization Opportunity

      Shopping center in revitalizing Chase City, Southern Virginia, for sale.
      829-883 E 2nd Street, Chase City, VA 23924
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10-acre parcel with well, septic, and driveway in place.
    Where is this agricultural land / farmland located?
    The property is located at 7 Walkers Lane lot 7 Chase City, VA.
    What is the asking price?
    The asking price for this property is $86,000.
    What are key features of this property?
    This property features: New well, 3‑bedroom septic system, and driveway already installed; 10 acres of land with mature timber and creek frontage; Agricultural zoning with minimal restrictions
    (571) 239-0997
    We can help!
    Listing Contact
    Lisa Novak
    Lisa Novak
    Real Estate License ID: 225227011
    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
    7 Walkers Lane lot: 7, Chase City, VA 23924
    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!