Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in South Boston, VA Title is generated by Realmo AI

    Hamilton Blvd, South Boston, VA 24592

    View on Map
    Claim this Listing
    For Sale
    $350,000

    LAND - South Boston, VA

    Lot size:
    3.00 Acres
    Added:
    Jul 21, 2017
    Days on Market:
    3243
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for Hamilton Blvd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    Lot size
    3.00 Acres

    We can help!

    Listing Contact
    Lucky Palmer

    Listing agent Lucky Palmer

    Listing office Palmer & Palmer Realty LLC 187 S Main Street, South Boston, VA

    Listing date Jul 21, 2017

    MLS# 40415 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

    • Vacant land suitable for development
    • Located within town limits
    • Frontage on Hamilton Street
    • Includes two lots
    • Lots located on Hamilton Street and College Street
    • Close proximity to Highway 360 and Highway 501

    Overview

    This vacant land is located within the town limits of South Boston, Virginia. The property has frontage on Hamilton Boulevard and includes two lots on Hamilton and College Street. It is situated in close proximity to Highway 360 and Highway 501. The lot size is 3 acres and is zoned R1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    South Boston
    County
    Halifax
    State
    Virginia
    Longitude
    -78.89324521
    Latitude
    36.71481735

    Nearby Similar for Sale

    • $400,000

      Highway Frontage Commercial Land Parcel

      High-traffic commercial land with utilities and flexible zoning.
      Bill Tuck Highway, South Boston, VA 24592
      View Details
    • $400,000

      Prime Commercial Land Opportunity

      0.98 acre commercial land with high visibility and accessibility.
      Bill Tuck Hwy, South Boston, VA 24592
      View Details
    • $235,000
      1,780 SF

      Farmhouse with Rental Potential

      Farmhouse on 4.46 acres near South Boston, Virginia.
      1120 Old Grubby Road, South Boston, VA 24592
      View Details
    • $229,500
      1,820 SF

      Farmhouse-Style Single-Family Home

      Farmhouse-style home with 3 bedrooms, 2 baths, covered porch, deck, and a single-car garage in a rural setting.
      5124 Huell Matthews Highway, South Boston, VA 24592
      View Details
    • $400,000

      Commercial Land on Highway 58

      0.98 acre commercial parcel with high visibility and accessibility.
      Bill Tuck Highway, South Boston, VA 24592
      View Details
    • $289,000
      3,393 SF

      Historic Home with Rental Income

      Historic home with rental income potential on 5+ acres.
      1247 Sandy Beach Road, South Boston, VA 24592
      View Details
    • $144,900

      South Boston Retail/Office Opportunity

      Retail or office space with storage in South Boston, VA.
      1721 Seymour Drive, South Boston, VA 24592
      View Details
    • $219,900

      Historic Downtown Mixed-Use Redevelopment Opportunity

      Charming commercial building in South Boston's historic district.
      505/573 N Main Street, South Boston, VA 24592
      View Details
    • $349,000

      52 Acres on Dan River

      52 acres on the Dan River, near South Boston, VA.
      5202 PHILPOTT RD, South Boston, VA 24592
      View Details
    • $299,000

      Dan River Frontage Land

      51-acre land with 600+ ft Dan River frontage.
      PHILPOTT RD, South Boston, VA 24592
      View Details
    • $3,500,000
      62,750 SF

      South Boston Office/Warehouse Opportunity

      62,750 SF office/warehouse on 2.43 acres in South Boston.
      504 Wilborn Avenue, South Boston, VA, 24592
      View Details
    • $199,900

      South Boston Colonial Office Building

      Classic Colonial office building in downtown South Boston, Virginia.
      515 Yancey Avenue, South Boston, VA 24592
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land with frontage on Hamilton and College St.
    Where is this land located?
    The property is located at Hamilton Blvd South Boston, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Vacant land suitable for development; Located within town limits; Frontage on Hamilton Street
    (434) 548-4622
    We can help!
    Listing Contact
    Lucky Palmer
    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
    Hamilton Blvd, South Boston, VA 24592
    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!