Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Lot in Noah's Landing Title is generated by Realmo AI

    LOT 8 RAINBOW RIDGE, Bumpass, VA 23024

    View on Map
    Claim this Listing
    For Sale
    $249,000

    LAND - BUMPASS, VA

    Lot size:
    1.04 Acres
    Added:
    Oct 22, 2025
    Days on Market:
    216
    Last Refresh:
    May 25 at 9:06 am

    Property Features for LOT 8 RAINBOW RIDGE

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    1980

    Utilities

    Water front features
    Waterfront, Navigable Water
    Water front
    1

    We can help!

    Listing Contact
    Michael Philip Stevens

    Listing agent Michael Philip Stevens License #0225244427

    Listing office Lake Homes Realty, LLC 500 Corporate Parkway unit: 500, HOOVER, VA

    Listing date Oct 22, 2025

    MLS# VALA2008764 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront lot in prestigious Noah's Landing neighborhood.
    • Enjoy community amenities: boat ramp, basketball court, sandy beach, volleyball area, and covered picnic area.
    • Access the waterfront for kayaking, paddleboarding, and swimming.
    • Community mass drain field access saves $5‑10K+ on drain field installation.
    • Offered below the 2025 assessment value of $275,000.
    • Navigable Water

    Overview

    This waterfront lot is located in Noah's Landing, one of the lake's most prestigious neighborhoods. The waterfront location allows for activities such as kayaking, paddleboarding, and swimming. Boat slips may be purchased in the common area when available, but the waterfront does not allow for the construction of a boat house. The lot will access the community mass drain field, potentially saving the owner $5,000 to $10,000 or more on the installation of a drain field and providing more choices for siting the house. The community offers amenities located on the private side of the lake (pool 3), including a boat ramp, basketball court, sandy beach, volleyball area, and covered picnic area. The lot size is 1.04 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bumpass
    County
    Louisa
    State
    Virginia
    Longitude
    -77.739621
    Latitude
    37.9936253

    Nearby Similar for Sale

    • $126,900

      Land with Existing Utilities

      1.8 acre lot with well, septic, and power.
      1586 SIGNBOARD RD, BUMPASS, VA 23024
      View Details
    • $1,490,000

      Lake Anna Resort Commercial Land

      13 acres near Lake Anna with Resort Commercial zoning.
      85-A-19 CARLTON Drive, BUMPASS, VA 23024
      View Details
    • $2,199,000

      Lake Anna Waterfront Land

      Rare 19+ acre waterfront lot with 1,000+ feet shoreline.
      MINOR Road, BUMPASS, VA 23024
      View Details
    • $260,000

      Lake Anna Homesite Opportunity

      2-acre Lake Anna homesite with water access and views.
      2501 LAKE FOREST LANE, BUMPASS, VA 23024
      View Details
    • $100,000

      Recreational Land with Boat Slip

      1.06 acre lot with shed, power, well, and septic.
      LOT 2 PLUM TREE Circle, BUMPASS, VA 23024
      View Details
    • $110,000

      5 Acre Wooded Building Lot

      5 acre wooded lot in Holly Grove, perfect for building.
      0 W CHAPEL DR, BUMPASS, VA 23024
      View Details
    • $175,000

      Land with Boat Slip Access

      Residential land in Mill Run at Lake Anna with boat slip.
      Old House Rd, Bumpass, VA 23024
      View Details
    • $79,000

      Versatile Land Parcel in Bumpass

      3.5-acre land parcel offering space, privacy, and flexibility.
      4325 GENTRY Lane, BUMPASS, VA 23024
      View Details
    • $119,900

      Water Access Lot with Boat Slip

      Lake Anna lot with boat slip and community amenities.
      71 ALEXANDRA Circle, BUMPASS, VA 23024
      View Details
    • $119,900

      Raw Land Near Lake Anna

      Almost 6 acres of raw land ready for building.
      ASSIGNED ON REQUEST, BUMPASS, VA 23024
      View Details
    • $229,000

      Land Near Lake Anna

      5.13-acre lot near Lake Anna with well and septic.
      465 EQUESTRIAN LANDING Trail, BUMPASS, VA 23024
      View Details
    • $220,000

      Land with Lake Access

      9.358 acres with lake access and boat slip.
      Aeolian Way, Bumpass, VA 23024
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Waterfront lot with community amenities in a prestigious neighborhood.
    Where is this residential land & home lot located?
    The property is located at LOT 8 RAINBOW RIDGE Bumpass, VA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Waterfront lot in prestigious Noah's Landing neighborhood.; Enjoy community amenities: boat ramp, basketball court, sandy beach, volleyball area, and covered picnic area.; Access the waterfront for kayaking, paddleboarding, and swimming.
    (804) 338-7294
    We can help!
    Listing Contact
    Michael Philip Stevens
    Real Estate License ID: 0225244427
    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
    LOT 8 RAINBOW RIDGE, BUMPASS, VA 23024
    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!