Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot Near Community Beach Title is generated by Realmo AI

    LAKE POINT CT lot 108, Cape Charles, VA 23310

    View on Map
    Claim this Listing
    For Sale
    $99,000

    LAND - CAPE CHARLES, VA

    Lot size:
    0.18 Acres
    Added:
    Mar 24, 2025
    Days on Market:
    437
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for LAKE POINT CT lot 108

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    83A1-11-108
    Lot size
    0.18 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Daryl Ann Mitros

    Listing agent Daryl Ann Mitros

    Listing office Weichert, Realtors Mason - Davis 47 MARKET STREET, Onancock, VA

    Listing date Mar 24, 2025

    MLS# 64027 Listing URL

    Copyright © 2026 Eastern Shore 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

    • Enjoy close proximity to the community beach and local restaurants.
    • Access to community amenities including a pool, restaurant, and tennis courts.
    • Easy access to the Chesapeake Bay Bridge Tunnel for travel to Virginia Beach.
    • Opportunity to enjoy Eastern Shore sunsets.
    • Option to sign up for golf and workout center memberships.
    • Quick golf cart ride to shops, galleries, and the local theater.

    Overview

    This residential lot is located close to the community beach and local restaurants. A quick golf cart ride provides access to shops, galleries, and the local theater. The property includes access to community amenities such as a pool, a restaurant, and tennis courts. Convenient access to the Chesapeake Bay Bridge Tunnel facilitates travel to Virginia Beach. The lot is located in Cape Charles, VA. The lot size is 0.18 acres. Golf and workout center memberships are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cape Charles
    County
    Northampton
    State
    Virginia
    Longitude
    -76.0134765
    Latitude
    37.2746915

    Nearby Similar for Sale

    • $1,400,000
      10,745 SF

      Motel on 8+ Acres

      Traditional motel with expansion potential near Cape Charles, Virginia.
      26369 LANKFORD HWY, CAPE CHARLES, VA 23310
      View Details
    • $349,000
      1,132 SF

      Historic Bank Building in Cape Charles

      Historic building suitable for residential, business, or commercial use.
      4322 CAPEVILLE DR, CAPE CHARLES, VA 23313
      View Details
    • $649,000
      1,106 SF

      Restored Commercial Building in Cape Charles

      Meticulously restored commercial building in the heart of Cape Charles.
      309 MASON AVE, CAPE CHARLES, VA 23310
      View Details
    • $499,000
      4,920 SF

      Prime Cape Charles Commercial Opportunity

      Two-story commercial property in the heart of downtown Cape Charles.
      307 MASON AVE, CAPE CHARLES, VA 23310
      View Details
    • $1,395,000
      4,088 SF

      Historic Cape Charles Commercial Property

      Unique 1920s building in historic Cape Charles, Virginia.
      1 FIG ST, CAPE CHARLES, VA 23310
      View Details
    • $349,000
      1,830 SF

      Commercial Building in Cape Charles

      Commercial building with parking lot and multiple rooms for business.
      726 RANDOLPH AVE, CAPE CHARLES, VA 233310
      View Details
    • $899,000
      3,072 SF

      Turnkey Duplex Investment Opportunity

      Fully renovated duplex in historic Cape Charles with strong rental income.
      521 Monroe Avenue, Cape Charles, VA 23310
      View Details
    • $155,000

      Cape Charles Gateway Land

      Two combined lots with excellent visibility and multiple use potential.
      3351 STONE RD lot: P1&P2, CAPE CHARLES, VA 23310
      View Details
    • $2,200,000

      Seaside Farm with Subdivision Potential

      Cape Charles farm with subdivision potential and sunrise views.
      6049 POPLAR GROVE LN lot: 2 &, CAPE CHARLES, VA 23310
      View Details
    • $625,000
      3,590 SF

      Highway Frontage Commercial Opportunity

      Commercial property with highway frontage, multiple buildings, and storage yard.
      23120 LANKFORD HWY, CAPE CHARLES, VA 23310
      View Details
    • $105,000

      Bay Creek Building Lot

      Building lot in Bay Creek near golf and beaches.
      7 SEAY CT, cape charles, VA 23310
      View Details
    • $299,900

      Bay Creek Homesite Opportunity

      Homesite in gated community with golf and resort-style amenities.
      Heron Pointe Drive lot: 50, Cape Charles, VA 23310
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with community amenities and easy beach access.
    Where is this residential land & home lot located?
    The property is located at LAKE POINT CT lot 108 Cape Charles, VA.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Enjoy **close proximity to the community beach and local restaurants.**; Access to community amenities including a pool, restaurant, and tennis courts.; Easy access to the Chesapeake Bay Bridge Tunnel for travel to Virginia Beach.
    (845) 596-7151
    We can help!
    Listing Contact
    Daryl Ann Mitros
    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
    LAKE POINT CT lot: 108, CAPE CHARLES, VA 23310
    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!