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

    16445 General Puller Hwy Deltaville, VA 23043

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.3 acre commercial land in the heart of Deltaville.

    Type:Land
    Lot size:
    4.30 Acres
    Added:
    Sep 24, 2024
    Days on Market:
    584
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 16445 General Puller Hwy

    General Information

    Standard status
    Active
    Lot size
    4.30 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Bo Bragg

    Listing agent Bo Bragg License #VA 0225188659

    Listing office Bragg & Company

    Listing date Sep 24, 2024

    Source Crexi

    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 Bragg & Company

    Overview

    Deltaville Commercial Land Opportunity

    This 4.3-acre land parcel is located in the heart of Deltaville. The front portion of the property is cleared and features a VDOT entrance developed from General Puller Highway. The rear portion is wooded and includes a small ravine. Zoned commercial, the Middlesex Village Community District allows for a range of development options, including single-family and two-family dwellings. This property offers a mix of development opportunities. A by-right use list is available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Deltaville
    County
    Middlesex
    State
    Virginia
    Longitude
    -76.3536042
    Latitude
    37.5538637

    Nearby Similar for Sale

    • $299,000

      Deltaville Commercial Land Opportunity

      4.3 acre commercial land in the heart of Deltaville.
      16445 General Puller Hwy, Deltaville, VA 23043
      View Details
    • $310,000

      Deltaville Commercial Property For Sale

      Versatile commercial property with updated interior and income potential.
      16945 General Puller Hwy, Deltaville, VA 23043
      View Details
    • $299,000

      Deltaville Land For Sale

      4.3 acre commercial land in the heart of Deltaville.
      16445 General Puller Highway, Deltaville, VA 23043
      View Details
    • $425,000

      Deltaville Land with Creek Access

      7 acres in Deltaville with headwaters of Jackson Creek.
      318 Paradise Lane, Deltaville, VA 23043
      View Details
    • $425,000
      8,152 SF

      Deltaville Restaurant For Sale

      Historic 8,152 SF restaurant on 3 acres in Deltaville.
      17321 General Puller Hwy, Deltaville, VA
      View Details
    • $29,000

      Deltaville Land with Water Access

      Partly cleared lot with deeded boat ramp and dock access.
      Apache Drive, Deltaville, VA 23043
      View Details
    • $199,000

      Waterfront Land in Deltaville, VA

      1.25 acre waterfront lot with easy bay access.
      Belle Air Drive, Deltaville, VA 23043
      View Details
    • $169,000

      Retail Space For Sale

      Retail space available for sale, zoned for general business.
      17387 General Puller Hwy, Deltaville, VA
      View Details
    • $425,000
      8,152 SF

      Retail Space on General Puller

      Retail space available for sale on General Puller Highway.
      17321 General Puller Highway, Deltaville, VA 23043
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.3 acre commercial land in the heart of Deltaville.
    Where is this commercial land located?
    The property is located at 16445 General Puller Hwy Deltaville, 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: 4.3 acre land in the heart of Deltaville.; Zoned Commercial but allows for single and two family dwellings.; Cleared front portion with **VDOT entrance developed from General Puller Highway**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bo Bragg
    Real Estate License ID: VA 0225188659
    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!