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

    W Highview Drive, Lancaster, VA 22503

    View on Map
    Claim this Listing
    New
    Picture of Residential land & home lots at W Highview Drive, Lancaster, VA
    For Sale
    Contact for pricing

    LAND - Lancaster, VA

    Lot size:
    1.00 Acre
    Added:
    May 21, 2026
    Days on Market:
    3
    Last Refresh:
    May 23 at 1:06 pm

    Property Features for W Highview Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20d-3-133, 20d-3-134, 20d-3-135
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    W Highview Dr lot 133, 134, 135 Corrotoman by the Bay, Lancaster VA
    Tax Annual Amount
    66

    We can help!

    Listing Contact
    Marcy Caffrey

    Listing agent Marcy Caffrey License #0225041320

    Listing office Exit Realty Parade of Homes 2820 Waterford Lake Drive, Suite 106, MIDLOTHIAN, VA

    Listing date May 21, 2026

    MLS# 2613906 Listing URL

    Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Affordable waterfront community lots in the historic northern neck of Virginia
    • Access to a boat ramp and dock with rentable boat slips
    • Enjoy the large swimming pool and common area with pavilion
    • Amenities include a playground and tennis courts
    • 9‑hole golf course on site
    • Clubhouse with a small gym

    Overview

    Available are affordable lots situated near the historic northern neck along the coast of Virginia. These lots offer the opportunity to own property in a waterfront community. Community amenities include a boat ramp and dock with boat slips available for rent, a large swimming pool, a common area with a pavilion, a playground, tennis courts, a 9-hole golf course, and a clubhouse with a small gym. The lots are located in Lancaster, Virginia, with a postal code of 22503, and are part of Lancaster County. The lot size is approximately 1 acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lancaster
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.52002
    Latitude
    37.733222

    Nearby Similar for Sale

    • $290,000
      3,412 SF

      Waterfront Land with Dock Potential

      Rare waterfront opportunity with dock, bulkhead, and shoreline.
      123 Waterview Road, Lancaster, VA 22503
      View Details
    • $325,000

      Waterfront Land on Myer Creek

      0.864 acre waterfront lot with dock and utilities.
      116 Leachwood Road, Lancaster, VA 22503
      View Details
    • $290,000

      Waterfront Land with Dock Potential

      Rare waterfront land with dock, bulkhead, and shoreline.
      123 Waterview Road, Lancaster, VA 22503
      View Details
    • $42,500

      Water Access Land in Lancaster

      6+ acre property in desirable waterfront community with amenities.
      Lot 18 Eagles Trace, Lancaster, VA 22503
      View Details
    • $345,000

      Waterfront Land in Lancaster, VA

      3.44-acre waterfront lot with dock and community amenities.
      Lot 5 Laurel Point Road, Lancaster, VA 22503
      View Details
    • $80,000

      Secluded Wooded Lot Near River

      5.56-acre wooded lot near Corrotoman River, close to amenities.
      2A Browns Lane, Lancaster, VA 22503
      View Details
    • $179,500

      Private Waterfront Land in Lancaster

      Two-acre waterfront parcel with creek access and approved pier.
      Lot 188B Ottoman Ferry Road, Lancaster, VA 22503
      View Details
    • $199,000

      Waterfront Land in Riverwood Community

      1.77 acre waterfront lot with 355+ feet shoreline.
      LOT 7 Bayberry Lane, Lancaster, VA 22503
      View Details
    • $375,000

      Waterfront Land in Private Community

      1.67 acre waterfront land with community amenities in Lancaster, VA.
      Lot #50 Eagles Trace, Lancaster, VA 22503
      View Details
    • $129,000

      Waterfront Land in Lancaster, VA

      Wooded 2.2-acre lot on Myer Creek, Corrotoman River.
      Lot 6 Foxfield Lane, Lancaster, VA 22503
      View Details
    • $42,500

      Residential Land in Lancaster, VA

      1.7 acre lot with community water access.
      Lot 44A Laurel Point Road, Lancaster, VA 22503
      View Details
    • $18,500

      Wooded Building Lot Near Kilmarnock

      Level, wooded 0.76-acre building lot, 4 miles from Kilmarnock.
      47E Hickory Hill Lane, Lancaster, VA 22503
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for sale in waterfront community with amenities.
    Where is this residential land & home lot located?
    The property is located at W Highview Drive Lancaster, 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: Affordable waterfront community lots in the historic northern neck of Virginia; Access to a boat ramp and dock with rentable boat slips; Enjoy the large swimming pool and common area with pavilion
    (804) 840-2650
    We can help!
    Listing Contact
    Marcy Caffrey
    Real Estate License ID: 0225041320
    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
    W Highview Drive, Lancaster, VA 22503
    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!