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    Shawan Rd Clarksville, VA 23927
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    Shawan Rd Clarksville, VA 23927

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    • Land
    • 1.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Shawan Rd

    Lot size
    1.10 lot acres
    Property type
    Land

    Description

    Discover this exceptional 1.1-acre commercial and recreational land parcel in Clarksville, Virginia, nestled near Kerr Lake. Priced at $20,000, this property offers a tranquil escape with easy access to amenities. Soil work and a new plat are currently underway, consolidating lots for simplified construction. Imagine building your dream getaway, a secluded retreat perfect for storing recreational vehicles or simply enjoying the serenity of nature. The property's proximity to the Bluestone Boat Ramp and the town of Clarksville provides convenient access to abundant recreational opportunities, including fishing and boating on Kerr Lake (also known as Buggs Island Lake). This prime location in Mecklenburg County, Virginia (zip code 23927), offers the perfect blend of peaceful country living and easy access to nearby conveniences. Embrace the potential of this idyllic setting and create your personalized retreat, tailored to your lifestyle and desires. Escape the ordinary and immerse yourself in the beauty of Oak Hill, Virginia. This is a rare opportunity to own a piece of this desirable lakeside acreage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.5434
    Latitude
    36.5938

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    Similar Nearby for Sale

    • $75,000
      1.50 Acres

      Kerr Lake Wooded Land

      1.5 acres of wooded land near Kerr Lake.
      25 Piney Ridge Rd, Clarksville, VA 23927
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    • $50,000
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      Clarksville, VA Vacant Land

      Vacant land near Kerr Lake with community amenities.
      85 Wedgewood Ln, Clarksville, VA 23927
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    • $50,000

      Kerr Lake Wooded Lot

      Wooded lot near Kerr Lake with community lake access.
      85 Wedgewood Ln, Clarksville, VA 23927
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    • Contact for pricing

      Kerr Lake Wooded Land

      4.21 acres of wooded land near Kerr Lake.
      216 Jaber Rd, Clarksville, VA 23927
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      0.87 Acres

      Kerr Lake Access Vacant Land

      Vacant land with Kerr Lake access and community amenities.
      19 Ferry Hill Trl, Clarksville, VA 23927
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      0.70 Acres

      Clarksville Vacant Land Near Kerr

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