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    1 Oak Point Dr Lancaster, VA 22503

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

    Current Use by Public Records

    • Land

    Property Details for 1 Oak Point Dr

    Lot size
    2.06 lot acres
    Property type
    Land

    Description

    This exceptional 2.06-acre commercial land parcel presents a unique investment opportunity in Lancaster, Virginia. Located at 1 Oak Point Drive, this property boasts a desirable location within the exclusive Oak Hill waterfront community. Oak Hill offers a tranquil setting with only six home sites, ensuring privacy and exclusivity. The land itself is partially wooded, providing a natural and picturesque backdrop. The property enjoys access to deep water on the Corrotoman River, a significant advantage for potential development. Zoned for residential use, this land offers considerable potential for various residential projects, capitalizing on the stunning waterfront views and peaceful atmosphere. The asking price is $195,000. The property's address is 1 Oak Point Drive, Lancaster, VA 22503, situated in Lancaster County. Its precise coordinates are latitude 37.7216119 and longitude -76.4435052. Given its size, location, and zoning, this land parcel represents a compelling investment opportunity for discerning buyers seeking a prime waterfront development site in a highly sought-after community. The opportunity to build in this exclusive community is rare. Serious inquiries are encouraged.

    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
    -76.4435
    Latitude
    37.7216

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    1 Oak Point Dr
    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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