Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Land on Back Creek Title is generated by Realmo AI

    Ferry Road lot 2, Heathsville, VA 22473

    View on Map
    Claim this Listing
    For Sale
    $289,000

    LAND - HEATHSVILLE, VA

    Lot size:
    7.00 Acres
    Added:
    Sep 6, 2025
    Days on Market:
    267
    Last Refresh:
    May 30 at 5:06 am

    Property Features for Ferry Road lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    29-14-002
    Lot size
    7.00 Acres

    Utilities

    Water front features
    Creek

    We can help!

    Listing Contact
    Wendy Newsome
    Wendy Newsome

    Listing agent Wendy Newsome

    Listing office Middle Bay Realty - K P. O. Box 789, Kilmarnock, VA

    Listing date Sep 6, 2025

    MLS# 119357 Listing URL

    Copyright © 2026 Northern Neck 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

    • 7‑acre private waterfront parcel.
    • Waterfront on Back Creek with access to Little Wicomico River, Potomac River, and Chesapeake Bay.
    • Open area on the parcel near Back Creek.
    • Includes a shed with an open deck area.
    • Tool shed included.
    • Creek waterfront features.

    Overview

    This 7-acre waterfront parcel is located in Heathsville, VA. The property fronts on Back Creek, providing access to the Little Wicomico River, the Potomac River, and the Chesapeake Bay. The parcel features an open area near Back Creek, a shed, and a tool shed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Heathsville
    County
    Northumberland
    State
    Virginia
    Longitude
    -76.281015
    Latitude
    37.905886

    Nearby Similar for Sale

    • $109,900

      26 Acres Vacant Land

      Versatile land with creek, timber, and subdivision potential.
      0 Northumberland Highway, Heathsville, VA 22473
      View Details
    • $109,900

      Waterfront Land in Northumberland County

      Private creekfront lot in Virginia's Northern Neck.
      Eagles Nest Lane lot: 7, Heathsville, VA 22473
      View Details
    • $225,000

      Waterfront Land in Heathsville, VA

      Deep water lot with amenities in Heathsville, Virginia.
      Canvasback Lane, HEATHSVILLE, VA 22473
      View Details
    • $750,000

      Potomac Riverfront Land Opportunity

      26 acres with beach, pond, and Chesapeake Bay views.
      Vir-Mar Beach Road lot: 7 & 9, Heathsville, VA 22473
      View Details
    • $745,000

      90 Acres Waterfront Land Parcel

      90-acre waterfront land parcel with development potential in Heathsville, VA.
      Jessie Dupont Memorial Hwy, HEATHSVILLE, VA 22473
      View Details
    • $275,000

      Land For Sale, Heathsville, VA

      Two acre commercial land for sale in Heathsville, Virginia.
      2 Hinton Farm Ln, HEATHSVILLE, VA 22473
      View Details
    • $119,000

      Waterfront Lot on Hull Creek

      Open waterfront lot with dock on Hull Creek.
      Fountain Gate Road lot: 2, HEATHSVILLE, VA 22473
      View Details
    • $450,000

      Waterfront Land with Great Views

      3.66 acres of waterfront land with subdivision opportunities.
      Eagle Point, Heathsville, VA 22473
      View Details
    • $200,000

      Waterfront Land with Riprap Installed

      Waterfront land with views in a peaceful subdivision.
      Eagle Point, Heathsville, VA 22473
      View Details
    • $150,000

      Land with Great Wicomico Access

      Land with private cove near Great Wicomico River.
      Eagle Point, Heathsville, VA 22473
      View Details
    • $150,000

      Waterfront Land in Heathsville, VA

      Waterfront property with private cove near Great Wicomico River.
      Eagle Point, Heathsville, VA 22473
      View Details
    • $200,000

      Waterfront Land with Great Views

      Waterfront land in Heathsville, VA with subdivision opportunities.
      Eagle Point, Heathsville, VA 22473
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 7 acre waterfront parcel with access to Chesapeake Bay.
    Where is this waterfront land located?
    The property is located at Ferry Road lot 2 Heathsville, VA.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: 7‑acre private waterfront parcel.; Waterfront on Back Creek with access to Little Wicomico River, Potomac River, and Chesapeake Bay.; Open area on the parcel near Back Creek.
    (804) 450-7963
    We can help!
    Listing Contact
    Wendy Newsome
    Wendy Newsome
    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
    Ferry Road lot: 2, HEATHSVILLE, VA 22473
    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!