Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Waterfront Community Title is generated by Realmo AI

    Westover Drive lot 14, Clarksville, VA 23927

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Clarksville, VA

    Lot size:
    0.25 Acres
    Added:
    Nov 15, 2023
    Days on Market:
    920
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for Westover Drive lot 14

    General Information

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

    Utilities

    Sewer type
    Septic Needed
    Water front features
    Lake

    We can help!

    Listing Contact
    Dora Smith , RSPS, AHWD, CLHMS

    Listing agent Dora Smith , RSPS, AHWD, CLHMS License #0225195359,PersonLicenseNumber

    Listing office NextHome 1st Choice 3464 Hwy 903, Bracey, VA

    Listing date Nov 15, 2023

    MLS# 135728 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

    • Located in the desirable waterfront community of Prestwould on Kerr Lake.
    • Less than five miles from Clarksville, offering entertainment, restaurants, brewery, live theater, boat ramps and more.
    • Nice wooded lot.
    • High‑speed internet available via Shentell.
    • State‑maintained paved roads from neighborhood to HWY 15.
    • Waterfront Features: Lake

    Overview

    This wooded lot is located in the waterfront community of Prestwould on Kerr Lake, less than five miles from Clarksville, Virginia. The surrounding area offers entertainment, restaurants, a brewery, live theater, and boat ramps. High-speed internet is available through Shentell. The roads from the neighborhood to HWY 15 are state-maintained and paved. The property is zoned for residential use and is suitable for building a home. The lot size is 0.25 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Clarksville
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.5715495
    Latitude
    36.6562011

    Nearby Similar for Sale

    • $750,000
      2,510 SF

      Clarksville 30-Acre Development Opportunity

      30 acres in Clarksville's growth corridor with development potential.
      1324 Noblin Farm Road, Clarksville, VA 23927
      View Details
    • $229,000
      1,500 SF

      Farmhouse on Private Acres

      9.05 acre property with farmhouse, ideal for hobby farm.
      199 Wilkerson Road, Clarksville, VA 23927
      View Details
    • $300,000

      Waterfront Land with Lake View

      Waterfront lot near Clarksville, VA, with dock permit.
      719 Ferry Hill Trail, Clarksville, VA 23927
      View Details
    • $215,000
      1,303 SF

      Classic Farmhouse on Spacious Land

      Charming 3-bedroom farmhouse on nearly 4 acres in Clarksville.
      80 Howell Place, Clarksville, VA 23927
      View Details
    • $400,000

      Waterfront Land with Sunset Views

      3.7 acres of waterfront land with 370 feet of shoreline.
      563 Sunset Blvd, Clarksville, VA 23927
      View Details
    • $110,000

      Residential Land in Lakeside Town

      Two-acre lot ready for new home construction in Clarksville, VA.
      Fern Drive lot: 6,7, Clarksville, VA 23927
      View Details
    • $395,000
      1,456 SF

      Lake Home with Community Dock

      Three-bedroom, two-bath home near Kerr Lake and downtown Clarksville.
      595 Jeffress Road, Clarksville, VA 23927
      View Details
    • $195,000

      Clarksville Land Near Downtown

      Six lots near downtown Clarksville, suitable for commercial or residential.
      Fourth Street, Clarksville, VA 23927
      View Details
    • $32,000

      Land Near Kerr Lake

      Two acre lot near Kerr Lake, zoned AG.
      488 Overlook Road, Clarksville, VA 23927
      View Details
    • $50,000

      Clarksville, VA Vacant Land

      Vacant land near Kerr Lake with community amenities.
      85 Wedgewood Lane, Clarksville, VA 23927
      View Details
    • $300,000

      Waterfront Lot with Dock Permit

      1.1 acre waterfront lot with private dock permit.
      701 Ferry Hill Trail, Clarksville, VA 23927
      View Details
    • $25,000

      Clarksville Vacant Land Near Kerr

      Vacant land near Bluestone Boat Ramp and Occoneechee State Park.
      62 Wellington Dr., Clarksville, VA 23927
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded lot in Prestwould on Kerr Lake, near Clarksville.
    Where is this residential land & home lot located?
    The property is located at Westover Drive lot 14 Clarksville, 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: Located in the desirable waterfront community of Prestwould on Kerr Lake.; Less than five miles from Clarksville, offering entertainment, restaurants, brewery, live theater, boat ramps and more.; Nice wooded lot.
    (434) 774-0945
    We can help!
    Listing Contact
    Dora Smith , RSPS, AHWD, CLHMS
    Real Estate License ID: 0225195359,PersonLicenseNumber
    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
    Westover Drive lot: 14, Clarksville, VA 23927
    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!