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    175 Raines Tavern Rd Farmville, VA 23901
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    175 Raines Tavern Rd Farmville, VA 23901

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    • Commercial real estate
    • 50.00 lot acres
    Off-Market
    Property ID
    US87-2052941
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 175 Raines Tavern Rd

    Lot size
    50.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 87+ acre farm in Cumberland County, Virginia, presents a unique investment opportunity. Located at 175 Raines Tavern Rd, Farmville, VA 23901, the property boasts a charming 1840s farmhouse featuring a first-floor bedroom and bathroom, hardwood floors throughout, and spacious rooms ideal for various uses, including crafts, hobbies, or home office space. Enjoy relaxing summer evenings on the wide front porch. The home includes replacement windows. The property also includes a substantial 34 x 190 foot greenhouse. Currently, a portion of the land is used for cropland, with existing rental agreements in place through the current year. The remaining acreage consists primarily of hardwood forest, perfect for hunting, trail creation, or recreational activities. The asking price for this remarkable property is $599,000. This represents an excellent opportunity to acquire a significant land holding in a desirable location with significant potential for diverse uses and future development. The property's combination of historical charm, productive land, and recreational possibilities makes it a truly exceptional offering. Don't miss this chance to own a piece of Virginia's rich agricultural heritage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmville
    County
    Cumberland
    State
    Virginia
    Longitude
    -78.3904218
    Latitude
    37.368925

    Comparable in this City

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    • New
      $679,900
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      Historic Farmville Estate on 75 Acres

      75-acre Virginia estate with historic charm and modern comfort.
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      Buckingham County Land For Sale

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    • $450,000
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      Farmville Land with Development Potential

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    Similar Nearby for Sale

    • $119,500
      Pending

      Farmville, VA Land Parcel

      11.055 acres in Farmville, VA with development potential.
      Crumptown Rd, Farmville, VA 23901
      View Details
    • $119,500
      Pending

      Farmville Acreage with Development Potential

      11+ acres in Farmville, VA, ideal for farming/development.
      00 Crumptown Rd, Farmville, VA 23901
      View Details
    • New
      $679,900
      75.00 Acres

      Historic Farmville Estate on 75 Acres

      75-acre Virginia estate with historic charm and modern comfort.
      525 Raines Tavern Rd, Farmville, VA 23901
      View Details
    • $450,000
      45.17 Acres

      Buckingham County Land For Sale

      45+ acre estate with mature pines and tranquil creek.
      5343 Deer Run Rd, Farmville, VA 23901
      View Details
    • $450,000
      45.17 Acres

      Farmville Land with Development Potential

      45+ acres in Buckingham County, ideal for equestrian or farming.
      Deer Run Rd, Farmville, VA 23901
      View Details

    Similar Nearby for Lease

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      Remodeled Commercial Space in Farmville

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      Upscale Office Space in Farmville

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      3,582 SF

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    Farmville, VA 23901
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    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.

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    175 Raines Tavern Rd, Farmville, VA, 23901
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