Property profile

0 Preserve Dr Lancaster, VA 22503

OFF-MARKET
Land
0.88 ac lot
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Property summary

AI-generated overview

This exceptional 0.876-acre residential lot (APN 15-B-23) is located in Lancaster County, Virginia, at 000 Preserve Dr, Lot 23, Lancaster, VA 22503 (37.75589, -76.48812). Zoned R-2, it's part of the Western Branch Preserve subdivision, offering access to a shared HOA dock with a dedicated boat slip on the Corrotoman River. The property boasts a riprapped coastline and is situated within a serene community featuring 25 acres of common area and over 160 acres of preserved land under conservation easement. Public water is available. The minimum home size is 1,500 square feet. This lot is being sold via auction; the listed price represents the opening bid, not the final selling price. The property may be sold prior to the auction date if an acceptable offer is received by the seller. Conveniently located near Kilmarnock, Irvington, and White Stone, offering nearby shopping and dining. This is a corporate-owned property. The auction will be held online from November 17th to November 20th, with an onsite option on November 20th. All information is deemed reliable but not guaranteed.

Property profile

Verified
Property type Land
Lot 0.88 ac (38,159 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Preserve Dr Lancaster, VA 22503
Lancaster metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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