Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Maple Ln South Hill, VA 23970
    Property profile & analytics

    Maple Ln, South Hill, VA 23970

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

    Current Use by Public Records

    • Land

    Property Details for 0 Maple Ln

    Lot size
    12.44 lot acres
    Property type
    Land

    Description

    This exceptional 12.44-acre parcel in South Hill, Virginia, presents a compelling investment opportunity. Located on Maple Lane in Mecklenburg County, zip code 23970, this property boasts significant frontage and offers easy access to major transportation arteries. The property's strategic location provides convenient access to Interstate 85 North and South, as well as the Highway 58 bypass East and West, ensuring excellent connectivity for businesses and commuters. A portion of the land, approximately 150 feet from Maple Lane, is zoned commercial, while the remainder is zoned residential. While Seventh Street does not provide direct access to the site, access is readily available via Maple Lane. Rezoning to accommodate a variety of uses, including industrial, distribution, business, office, or multi-use developments, is anticipated to be straightforward. The property's substantial frontage on Maple Lane offers excellent visibility and accessibility. Public utilities are available, making development efficient and cost-effective. A survey is available upon request. This prime location and flexible zoning make this a rare opportunity for developers seeking a high-traffic, well-connected site in a growing area. The asking price for this exceptional property is $1,836,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Hill
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.1242
    Latitude
    36.7185

    Comparable in this City

    • Value Estimation by Request
      70.00 Acres

      3756 Plank Rd

      Agricultural land / Farmland
      3756 Plank Rd, South Hill, VA 23970
      View Details
    • Value Estimation by Request
      12.88 Acres

      Maple Ln

      Land
      0 Maple Ln, South Hill, VA 23970
      View Details
    • Value Estimation by Request
      30.73 Acres

      Us-58

      Land
      0 Us-58, South Hill, VA 23970
      View Details
    • Value Estimation by Request
      0.04 Acres

      108 Lunenburg Ave

      VACANT COMMERCIAL LAND
      108 Lunenburg Ave, South Hill, VA 23970-2506
      View Details
    • Value Estimation by Request

      121 Main St

      VACANT COMMERCIAL LAND
      121 Main St, South Hill, VA 23970-2525
      View Details
    • Value Estimation by Request
      1.92 Acres

      S

      VACANT COMMERCIAL LAND
      S, Hill, VA 23970
      View Details

    Similar Nearby for Sale

    • $750,000
      75.00 Acres

      Expansive Land Parcel in South Hill

      75-acre parcel in South Hill, VA, ready for development.
      Locust St, South Hill, VA 23970
      View Details
    • $600,000
      95.43 Acres

      Expansive Land Parcel in South Hill

      95+ acre land parcel with development and investment potential.
      105 Stone Rd, South Hill, VA 23970
      View Details
    • Contact for pricing

      Land on Maple Lane

      Land available on Maple Lane and Highway 58W.
      Maple Ln, South Hill, VA 23970
      View Details
    • $630,000

      Commercial Zoned Lots For Sale

      Commercial zoned lots with frontage on Rt. 1 in Danville, VA.
      1119 W Danville St, South Hill, VA 23970
      View Details
    • $2,500,000
      58.86 Acres

      Prime Commercial Land Near I-85

      58-acre commercial development opportunity near I-85 and Highway 58.
      49 Frame Shop Rd, South Hill, VA 23970
      View Details
    • $359,000
      0.95 Acres

      Prime Commercial Corner Site

      0.95-acre commercial corner site suitable for retail or restaurant.
      E Main St Ext, South Hill, VA 23970
      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.
    Maple Ln
    South Hill, VA 23970
    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
    Maple Ln, South Hill, VA, 23970
    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!