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    Lot Paynes Shop Rd Lancaster, VA 22503

    • Land
    • 38.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Lot Paynes Shop Rd

    Lot size
    38.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 38-acre property in Lancaster County, Virginia, presents a unique investment opportunity. Located on Paynes Shop Road, zip code 22503, this land boasts over 1,000 feet of shoreline along Paynes Creek, offering stunning waterfront views and recreational possibilities. The property is zoned A2 and features a diverse landscape, including open agricultural land, mature hardwood forests, and multiple potential building sites. Abundant wildlife, including deer and turkey, makes this an ideal location for hunting and outdoor enthusiasts. The land's varied terrain provides privacy and seclusion, making it perfect for a private retreat or family compound. This is a rare opportunity, as this land has not been offered for sale in generations. The property's size and features make it suitable for a variety of uses, from residential development to agricultural pursuits, or simply as a private sanctuary. The location offers a blend of tranquility and accessibility, situated in Lancaster County, Virginia, with convenient access to local amenities. The asking price is $299,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.5246
    Latitude
    37.704

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    Lot Paynes Shop Rd
    Lancaster, VA 22503
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    Realmo Value Estimation

    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.

    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.

    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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