Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land on Main Street Title is generated by Realmo AI

    802 MAIN STR S, Culpeper, VA 22701

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

    0.17-acre lot in historic Culpeper, ideal for development.

    Lot size:
    0.17 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    78
    Last Refresh:
    Mar 16 at 11:22 am

    Property Features for 802 MAIN STR S

    General Information

    Standard status
    Active
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    LETITIA SMYTH
    LETITIA SMYTH

    Listing agent LETITIA SMYTH License #0225066190

    Listing office PIEDMONT FINE PROPERTIES

    Listing date Mar 10, 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 PIEDMONT FINE PROPERTIES

    HighLights

    • Prime location on Main Street in Culpeper, offering high visibility.
    • Versatile 0.17‑acre lot suitable for various development projects.
    • Potential for appreciation driven by ongoing growth and development in the area.
    • Located in the historical town of Culpeper.
    • Welcoming community, attractive to potential renters or buyers.
    • Opportunity for creating a rental property for consistent income.

    Overview

    This 0.17-acre parcel of land presents an investment opportunity, situated on Main Street in the historical town of Culpeper. The lot is positioned for future development and offers various possibilities. The surrounding community provides a welcoming atmosphere. The area's ongoing growth and development may drive potential appreciation in value. This property could be suitable for creating a rental property that generates consistent income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Culpeper
    County
    Culpeper
    State
    Virginia
    Longitude
    -77.9945652
    Latitude
    38.4788383

    Nearby Similar for Sale

    • $967,000
      4,440 SF

      Culpeper Office Building For Sale

      Vacant 4,440 SF office building in downtown Culpeper, VA.
      810 S MAIN Street, CULPEPER, VA 22701
      View Details
    • $575,000

      Main Street Office Building

      Centrally located office building in Culpeper, VA.
      609 S MAIN Street, CULPEPER, VA 22701
      View Details
    • $699,900
      3,200 SF

      Renovated Mixed-Use Building in Culpeper

      Mixed-use commercial building with residential units in Culpeper, VA.
      1012 S MAIN Street, CULPEPER, VA 22701
      View Details
    • $150,000

      Land on Main Street

      0.17-acre parcel in Culpeper, VA, for future development.
      802 S MAIN STR, CULPEPER, VA 22701
      View Details
    • $899,900
      12,960 SF

      Equine Property with Indoor Arena

      Turnkey equine facility on 14+ acres with arenas.
      8021 OLYMPIC WAY, CULPEPER, VA 22701
      View Details
    • $800,000

      Commercial Land with Development Potential

      1.59 acres with commercial zoning and development opportunities.
      01 GERMANNA HWY, CULPEPER, VA 22701
      View Details
    • $899,900

      Equine Property with Indoor Arena

      Turnkey equine property with boarding, training facilities, and arenas.
      8021 OLYMPIC WAY, CULPEPER, VA 22701
      View Details
    • $319,000

      Residential Lot in Mountain View

      Pastoral 10+ acre lot near Culpeper with utilities.
      SKY RIDGE Trail, CULPEPER, VA 22701
      View Details
    • $195,000

      Residential Lot in Carters Subdivision

      0.25-acre corner lot in a tranquil cul-de-sac setting.
      HILLTOP Drive, CULPEPER, VA 22701
      View Details
    • $225,000

      Expansive Land in Culpeper, VA

      5.08-acre parcel for custom residence or retreat.
      8424 KILBY Road, CULPEPER, VA 22701
      View Details
    • $199,000

      Land in Culpeper, Virginia

      Corner lot near shopping, dining, and downtown Culpeper.
      MADISON Road, CULPEPER, VA 22701
      View Details
    • $125,000

      Residential Homesite in Culpeper County

      0.76-acre lot with public water and city sewer access.
      14429 RIXEYVILLE, CULPEPER, VA 22701
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.17-acre lot in historic Culpeper, ideal for development.
    Where is this commercial land located?
    The property is located at 802 MAIN STR S Culpeper, 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: Prime location on Main Street in Culpeper, offering high visibility.; Versatile 0.17‑acre lot suitable for various development projects.; Potential for appreciation driven by ongoing growth and development in the area.
    (540) 347-5277
    We can help!
    Listing Contact
    LETITIA SMYTH
    LETITIA SMYTH
    Real Estate License ID: 0225066190
    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
    802 MAIN STR S, Culpeper, VA 22701
    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!