Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Emporia, VA Title is generated by Realmo AI

    Ruritan Dr lot 1, Emporia, VA 23847

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Emporia, VA

    Lot size:
    0.31 Acres
    Added:
    Jan 1, 2026
    Days on Market:
    140
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for Ruritan Dr lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    0.31 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Blaire Short

    Listing agent Blaire Short

    Listing office The Pointe Realty Group (Littleton) 2105 Eaton Ferry Road, Littleton, VA

    Listing date Jan 1, 2026

    MLS# 140485 Listing URL

    Copyright © 2026 Roanoke Valley Lake Gaston Board 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

    • Conveniently located near Hwy 58 for easy commuting.
    • Cleared residential lot ready for development.
    • Excellent opportunity for a future homesite.
    • Suitable for investment purposes.
    • Public water source available.
    • Located on Ruritan Drive in Emporia, VA.

    Overview

    This cleared residential lot is located on Ruritan Drive in Emporia, VA, and offers approximately 0.305 acres. The legal description is Lot 1, 378.18 ft E side of State Hwy 640 (Ruritan Drive). Its location near Hwy 58 facilitates commuting. This lot presents an opportunity for a future homesite or investment. Buyers should verify zoning, permitted uses, lot dimensions, and utility availability, and contact Greensville County zoning regarding water and sewer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Emporia
    County
    Greensville
    State
    Virginia
    Longitude
    -77.5654892
    Latitude
    36.7154925

    Nearby Similar for Sale

    • $1,100,000
      9,214 SF

      Emporia Commercial Opportunity on Main

      Two buildings totaling 9,214 SF on 3.22 acres.
      728 N Main, Emporia, VA 23847
      View Details
    • $199,900
      3,203 SF

      Emporia Triplex on Large Lot

      Three-unit property with a large lot and tenant potential.
      401 Southampton Street, Emporia, VA 23847
      View Details
    • $449,000

      Cleared Commercial Land Near Amenities

      2+ acre commercial land near hotels and medical facilities.
      Sadler Dr, Emporia, VA 23847
      View Details
    • $44,900

      Emporia, VA Vacant Commercial Lot

      Cleared, level lot with high visibility in Emporia, Virginia.
      309 N Main Street, Emporia, VA 23847
      View Details
    • $245,000

      Cleared Land Visible From Highway

      9.83 acres of cleared, flat land near shopping and restaurants.
      Commonwealth Blvd, Emporia, VA 23847
      View Details
    • $245,000

      Cleared Land Near Highway Ramp

      9.83 acres of commercial land visible from highway.
      Commonwealth Blvd, Emporia, VA 23847
      View Details
    • $135,000

      Emporia Commercial Lots on Main

      Two commercial lots on S. Main St. to be sold together.
      0 & 1188 S Main Street, Emporia, VA 23847
      View Details
    • $40,000
      5,056 SF

      Emporia Warehouse Renovation Opportunity

      5000 sq ft warehouse for renovation near I-95.
      1095 Skippers Road, Emporia, VA 23947
      View Details
    • $8,000

      Residential Lot in Established Neighborhood

      Land for sale in an established neighborhood, Emporia, Virginia.
      Chambliss Road lot: 23, Emporia, VA 23847
      View Details
    • $149,000

      Expansive Land Parcel in Emporia

      32.97-acre tract ideal for dream home or investment.
      32.97ac Slagles Lake Road lot: 21-21, Emporia, VA 23847
      View Details
    • $17,000

      Land For Sale, Emporia, VA

      Land available on Church Street, Emporia, Virginia.
      402 Church Street, Emporia, VA 23847
      View Details
    • $20,000

      Cleared Residential Lot in Emporia

      Level, cleared lot ready for new home construction.
      Pine Street, Emporia, VA 23847
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared residential lot near Hwy 58, ideal for homesite.
    Where is this residential land & home lot located?
    The property is located at Ruritan Dr lot 1 Emporia, VA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Conveniently located near Hwy 58 for easy commuting.; Cleared residential lot ready for development.; Excellent opportunity for a future homesite.
    (256) 777-1704
    We can help!
    Listing Contact
    Blaire Short
    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

    Thank You for Inquiry
    Ruritan Dr lot: 1, Emporia, VA 23847
    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!