Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24 68 King George, VA 22485
    Back to Search
    Property profile & analytics

    24 68 King George, VA 22485

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

    Current Use by Public Records

    • Land

    Property Details for 24 68

    Lot size
    14.00 lot acres
    Property type
    Land

    Description

    This exceptional 14-acre parcel of land presents a unique opportunity for investors and developers alike. Located in King George County, Virginia, on Dahlgren Road, with the address Pt of Waverly Parcel 24 68, and zip code 22485 (latitude 38.2372863, longitude -77.1485163), this expansive property offers significant potential. The land is classified as Lots & Land, Other, and is being offered at an asking price of $320,000. Given its size and location in King George, Virginia, this property is well-suited for a variety of development projects. The absence of existing structures allows for complete design flexibility, catering to diverse needs and visions. Prospective buyers are encouraged to conduct their own due diligence to explore the full range of development possibilities permitted under local zoning regulations. This 14-acre tract represents a rare opportunity to acquire a substantial land holding in a desirable Virginia location. Serious inquiries are welcome. The property is conveniently located in King George, offering easy access to local amenities and transportation routes. This is a blank canvas ready for your vision.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    King George
    County
    King George
    State
    Virginia
    Longitude
    -77.1485
    Latitude
    38.2373

    Comparable in this City

    • Value Estimation by Request
      13.60 Acres

      00 University Dr

      Farms • 13.60 Acres
      00 University Dr, Shiloh, VA 22485
      View Details
    • Value Estimation by Request
      38.13 Acres

      3000 University Dr

      Land • 38.13 Acres
      3000 University Dr, Shiloh, VA 22485
      View Details
    • Value Estimation by Request
      36.78 Acres

      3 King George Va 22485

      Farms • 36.78 Acres
      3 King George Va 22485, King George, VA 22485
      View Details
    • Value Estimation by Request
      15.02 Acres

      Owens Dr

      Farms • 15.02 Acres
      0 Owens Dr, King George, VA 22485
      View Details
    • Value Estimation by Request
      32.22 Acres

      Way

      Land • 32.22 Acres
      0 Way, King George, VA 22485
      View Details
    • Value Estimation by Request
      25.05 Acres

      000 University Dr

      Land • 25.05 Acres
      000 University Dr, Shiloh, VA 22485
      View Details

    Similar Nearby for Sale

    • $130,000

      10 Acre Wooded Lot

      10 acre wooded lot approved for 4 bedroom septic.
      4 Salem Church Rd, King George, VA 22485
      View Details
    • $250,000
      Pending

      Wooded Land with Creek Access

      40-acre wooded parcel with Jetts Creek.
      26 Salem Church Rd, King George, VA 22485
      View Details
    • $295,000

      King George County Land Parcel

      1.63 acre land parcel in King George County.
      Parcel 9A-1-37 Dahlgren Rd & James Madison Pkwy, King George, VA 22485
      View Details
    • $525,000
      9.56 Acres

      King George Acreage For Sale

      61+ acre property in King George & Westmoreland County, Virginia.
      Round Hl Rd & Rdg Rd, King George, VA 22485
      View Details
    • Contact for pricing

      Land with Development Potential

      Land available for sale with development potential.
      3 King George Va 22485, King George, VA 22485
      View Details
    • $320,000

      14 Acre Parcel on Dahlgren

      14 acre parcel for sale on Dahlgren Road.
      24 68, King George, VA 22485
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Naval Facility

      Commercial land for lease near Dahlgren Naval Support Facility.
      5082 James Madison Pkwy, King George, VA 22485
      View Details
    • Contact for pricing

      Retail Space in King George

      Retail space for lease serving the Northern Neck area.
      16375 Merchants Ln, King George, VA 22485
      View Details
    • $10 SF/Yr

      Office Suites Near Naval Facility

      Office suites available for lease near Dahlgren Naval Support Facility.
      4485 Danube Dr, King George, VA 22485
      View Details
    • $1,200 /Mo
      43,996 SF

      Open Bay For Lease

      Open bay with roll-up doors suitable for automotive uses.
      8073 Kings Hwy, King George, VA 22485
      View Details
    • $4,887 /Mo

      Maingate Office Building For Lease

      Office spaces for lease near NSWC, restaurants, and local businesses.
      17119 Dahlgren Rd, King George, VA 22485
      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.
    24 68
    King George, VA 22485
    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
    24 68, King George, VA, 22485
    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!