Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    86 ac MOLLY'S Way Urbanna, VA 23175

    View on Map
    Claim this Listing
    For Sale
    $299,000

    LAND - Urbanna, VA

    Lot size:
    0.86 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    9
    Last Refresh:
    May 2 at 5:06 pm

    Property Features for 86 ac MOLLY'S Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1525

    Utilities

    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Theresa Ashberry
    Theresa Ashberry

    Listing agent Theresa Ashberry License #0225206397

    Listing office CENTURY 21 Nachman Realty 6558 Main Street, Suite 3, Newport News, VA

    Listing date Apr 24, 2026

    MLS# 10631569 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.

    Overview

    Waterfront Lot in Urbanna, VA

    This 0.86-acre waterfront lot overlooks Urbanna Creek in Urbanna, Virginia. The property, located in the home of the Oyster Festival, features over 6 feet of water depth, making it suitable for boating. It is located within a community that offers amenities such as a pool and clubhouse. This lot is suited for building a custom home to take advantage of the views and setting.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Urbanna
    County
    Middlesex
    State
    Virginia
    Longitude
    -76.6196
    Latitude
    37.6507

    Nearby Similar for Sale

    • $354,000
      650 SF

      Urbanna Commercial Building Near Marina

      Well-maintained commercial building near Urbanna's marina, shops, and restaurants.
      35 Watling Street, Urbanna, VA 23175
      View Details
    • $485,000
      7,300 SF

      Historic Mixed-Use Building in Urbanna

      Charming mixed-use property in Urbanna's walkable downtown district.
      51 Cross St, Urbanna, VA 23175
      View Details
    • $398,000
      900 SF

      Prime Urbanna Commercial Opportunity

      Renovated retail/office building in historic Urbanna, Virginia.
      55 Cross St, Urbanna, VA 23175
      View Details
    • $225,000

      Waterfront Land in Urbanna, VA

      Elevated 1.18-acre waterfront lot with boathouse in Urbanna, VA.
      807 Red Hill Drive, Urbanna, VA 23175
      View Details
    • $119,000

      Wooded Land in Urbanna, VA

      2.59 acres of wooded land in Urbanna, Virginia.
      Laurel Farms Lane, Urbanna, VA 23175
      View Details
    • $36,500

      Urbanna Harbor Yacht Club Slip

      Boat slip at Urbanna Harbor Yacht Club for sale.
      #117 molly's way, Urbanna, VA 23175
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.86-acre waterfront lot ideal for boating and custom home.
    Where is this waterfront land located?
    The property is located at 86 ac MOLLY'S Way Urbanna, VA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Deep Water Access: Enjoy 6+ feet of water depth, perfect for boating enthusiasts.; Waterfront Lot: Build your dream home on this 0.86‑acre lot overlooking Urbanna Creek.; Desirable Community: Take advantage of pool and clubhouse amenities.
    (800) 539-8014
    We can help!
    Listing Contact
    Theresa Ashberry
    Theresa Ashberry
    Real Estate License ID: 0225206397
    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

    .86 ac MOLLY'S Way, Urbanna, VA 23175

    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!