Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Easley St South Boston, VA 24592
    Back to Search
    Property profile & analytics

    Easley St South Boston, VA 24592

    View on Map
    • Land
    • 0.31 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Easley St

    Lot size
    0.31 lot acres
    Property type
    Land

    Description

    This exceptional 0.31-acre residential land parcel presents a fantastic opportunity for building your dream home in the desirable town of South Boston, Virginia. Located on Easley Street, this property boasts an R2 zoning designation, offering flexibility for residential development. The lot is partially cleared, simplifying the construction process and saving you time and resources. Its convenient location places you just minutes away from all the amenities and conveniences South Boston has to offer, ensuring a comfortable and connected lifestyle. The address is Easley St, South Boston, VA 24592, within Halifax County. The asking price for this prime piece of land is $9,500. A virtual tour is available online to allow for a comprehensive preview of the property's potential. This is an ideal location for those seeking a peaceful yet accessible setting to build their future home. The property's convenient location and attractive price point make it a highly desirable investment opportunity. Don't miss out on the chance to own this exceptional piece of land and begin building your dream home today. Take advantage of this opportunity to secure a piece of South Boston's desirable real estate market. The latitude and longitude coordinates are 36.704372, -78.9071627 respectively. A virtual tour is available at: [link removed per instructions].

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Boston
    County
    Halifax
    State
    Virginia
    Longitude
    -78.9072
    Latitude
    36.7044

    Comparable in this City

    • Value Estimation by Request
      0.83 Acres

      Waddell Ln

      Land • 0.83 Acres
      0 Waddell Ln, South Boston, VA 24592
      View Details
    • Value Estimation by Request
      1.25 Acres

      1013 Bill Tuck Hwy

      Land • 1.25 Acres
      1013 Bill Tuck Hwy, South Boston, VA 24592
      View Details
    • Value Estimation by Request
      5.33 Acres

      962 Hummingbird Ln

      Land • 5.33 Acres
      962 Hummingbird Ln, Halifax, VA 24592
      View Details
    • Value Estimation by Request
      1.00 Acre

      1013 Bill Tuck Hwy

      Land • 1 SF
      1013 Bill Tuck Hwy, South Boston, VA 24592
      View Details
    • Value Estimation by Request
      3.60 Acres

      36 Philpott Rd

      Land • 156,816 SF
      36 Philpott Rd, South Boston, VA 24592
      View Details
    • Value Estimation by Request
      102.80 Acres

      Lewis Ferrell Rd

      Land • 102.80 Acres
      0 Lewis Ferrell Rd, South Boston, VA 24592
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.36 Acres

      South Boston Land For Sale

      Conveniently located lot with easy access to South Boston amenities.
      Parker Ave, South Boston, VA 24592
      View Details
    • $350,000
      3.00 Acres

      Land in South Boston, VA

      Vacant land with frontage on Hamilton and College St.
      Hamilton Blvd, South Boston, VA 24592
      View Details
    • Contact for pricing

      Wooded Lots in South Boston

      4.61 acres of wooded lots for sale.
      1-7 Henry St, South Boston, VA 24592
      View Details
    • $3,790,000
      45,402 SF

      South Boston Multifamily Investment Opportunity

      65-unit apartment complex on 7.98 acres near retail.
      350 Powell Rd, South Boston, VA 24592
      View Details
    • $289,000
      3,393 SF

      Historic Home with Rental Income

      Historic home with rental income potential on 5+ acres.
      1247 Sandy Beach Rd, South Boston, VA 24592
      View Details
    • $825,000
      1.00 Acre

      Prime Commercial Land Opportunity

      Highway-adjacent commercial land in South Boston, VA, ready for development.
      1013 Bill Tuck Hwy, South Boston, VA 24592
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Halifax Road Land For Lease

      Land available for lease on Halifax Road in South Boston.
      4017 Halifax Rd, South Boston, VA 24592
      View Details
    • Contact for pricing
      1,593 SF

      Retail Space in Tri-Rivers Plaza

      Retail space available in established shopping center.
      3459 Old Halifax Rd, South Boston, VA 24592
      View Details
    • Contact for pricing

      Retail Space in Halifax Square

      Retail sublease opportunity in South Boston's Halifax Square.
      3130 Halifax Rd, South Boston, VA 24592
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces available for lease.
      3130 Halifax Rd, South Boston, VA 24592
      View Details
    • Contact for pricing

      Office and Restaurant Spaces Available

      Office and restaurant spaces available for rent.
      3130 Halifax Rd, South Boston, VA 24592
      View Details
    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.
    Easley St
    South Boston, VA 24592
    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
    Easley St, South Boston, VA, 24592
    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!