Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Pointer Rd Alton, VA 24520

    • Land
    • 2.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Pointer Rd

    Lot size
    2.25 lot acres
    Property type
    Land

    Description

    This 2.25-acre commercial land parcel presents a unique opportunity in Alton, Virginia. Located on Pointer Road in Halifax County, this vacant lot offers a tranquil setting with ample space for new construction. Conveniently situated near utility lines, the property provides a blank canvas for your vision. Enjoy the privacy of a larger surrounding farm while still being within easy driving distance of South Boston, Danville, Virginia International Raceway, Hyco Lake, and Caesars Virginia. The property will undergo a fresh survey and flagging upon contract acceptance, ensuring clear boundaries. This prime location combines the serenity of country living with access to local attractions and amenities, making it ideal for a custom-built home or commercial development. The asking price is $39,500. This is a rare chance to create your own personal paradise or commercial venture in a desirable Southern Virginia location. Don't miss this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Halifax
    State
    Virginia
    Longitude
    -79.175
    Latitude
    36.5598

    Comparable in this City

    • Value Estimation by Request
      2.25 Acres

      2 Pointer Rd

      Land • 2.25 Acres
      2 Pointer Rd, Alton, VA 24520
      View Details
    • Value Estimation by Request
      92.38 Acres

      Henderson Rd

      Land • 92.38 Acres
      0 Henderson Rd, Alton, VA 24520
      View Details
    • Value Estimation by Request
      0.39 Acres

      Poplar Crk St

      VACANT COMMERCIAL LAND • 0.39 Acres
      Poplar Crk St, Alton, VA 24520
      View Details
    • Value Estimation by Request
      0.44 Acres

      2165 Harmony Rd

      VACANT COMMERCIAL LAND • 0.44 Acres
      2165 Harmony Rd, Alton, VA 24520-3025
      View Details
    • Value Estimation by Request

      Clover Rd

      VACANT COMMERCIAL LAND
      Clover Rd, Alton, VA 24520
      View Details
    • Value Estimation by Request
      0.22 Acres

      Melon Rd

      VACANT COMMERCIAL LAND • 0.22 Acres
      Melon Rd, Alton, VA 24520
      View Details

    Similar Nearby for Sale

    • New
      $323,000
      77.87 Acres

      Alton, VA Vacant Land

      77.87 AC property with timber and recreation potential.
      Piney Grove Rd, Alton, VA 24520
      View Details
    • $125,000
      20.07 Acres

      20-Acre Recreational Land in Alton, VA

      20.07-acre lot perfect for a dream home or recreational use.
      Wilkins Rd, Alton, VA 24520
      View Details
    • $88,000

      Land with New Septic System

      10 acres in Alton, VA, ready for your dream home.
      Snow Hill Rd, Alton, VA 24520
      View Details
    • New
      $95,000
      Pending

      23.9 Acres of Wooded Land

      23.9 acre wooded tract in southern Virginia, ideal for building.
      Harmony Rd, Alton, VA 24520
      View Details
    • Contact for pricing

      Rural Acreage Tract For Sale

      Acreage tract perfect for farmette, home, or hunting getaway.
      Tbd Piney Grv Rd, Alton, VA 24520
      View Details
    • New
      $222,000
      31.67 Acres

      31.67 Acres in Halifax County

      Serene home site or recreational property with creek and trails.
      Snow Hill Rd, Alton, VA 24520
      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.
    Pointer Rd
    Alton, VA 24520
    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

    Google sign-in failed. Please try again or use another login method.