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    Property profile & analytics

    18049 Johnsons Mill Rd Sedley, VA 23878

    • Investment properties
    • 4,680 SF
    For Sale
    View listing
    $275,000
    Last Sale
    Nov 02, 2023
    $245,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-1669127
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 18049 Johnsons Mill Rd

    Year built
    1966
    Property size
    4,680 SF
    Zone code
    B-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    47A2 1 50 -51
    APU
    47A215051

    Description

    This exceptional commercial property located at 18049 Johnsons Mill Road, Sedley, VA, presents a unique investment opportunity. The single-story building offers approximately 4,700 square feet of flexible retail or shop space, ideal for a variety of businesses. The building boasts a durable metal roof and solid block and brick construction, ensuring longevity and low maintenance. The layout is adaptable, allowing for customization to suit specific operational needs. The property sits on a 0.41-acre lot, providing ample space for parking and potential expansion. There is also the possibility of acquiring adjacent land, offering further development potential. This property is priced competitively at $275,000, making it an attractive proposition for savvy investors seeking a strong return on investment in a desirable location. The building's sturdy construction and versatile design make it a prime candidate for a wide range of commercial uses. Its location in Sedley, VA, offers convenient access to local amenities and transportation routes. Serious inquiries are encouraged to explore this promising opportunity further. The flexible layout and potential for expansion make this a truly exceptional commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $250,000
      ML approach
      $220,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $400,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sedley
    County
    Southampton
    State
    Virginia
    Longitude
    -76.9838
    Latitude
    36.7756
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,550
    $24,000
    $150,200
    $174,200
    -
    $24,000
    $150,200
    $174,200

    Comparable in this City

    • Value Estimation
      $280,000
      3,840 SF

      18083 Johnsons Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,840 SF
      18083 Johnsons Ml Rd, Sedley, VA 23878-2631
      View Details
    • Value Estimation
      $275,000
      3,150 SF

      18057 Johnsons Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,150 SF
      18057 Johnsons Ml Rd, Sedley, VA 23878-2631
      View Details
    • Value Estimation
      $230,000
      5,400 SF

      18080 Johnsons Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,400 SF
      18080 Johnsons Ml Rd, Sedley, VA 23878
      View Details
    • Value Estimation
      $250,000
      1,650 SF

      17527 Johnsons Ml Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,650 SF
      17527 Johnsons Ml Rd, Sedley, VA 23878-2675
      View Details
    • Value Estimation
      $215,000
      5,684 SF

      18054 Johnsons Ml Rd

      SERVICE STATION (FULL SERVICE) • 5,684 SF
      18054 Johnsons Ml Rd, Sedley, VA 23878-2677
      View Details
    • Value Estimation
      $260,000
      1.63 Acres

      12150 Ivor Rd

      COMMERCIAL (GENERAL) • 1.63 Acres
      12150 Ivor Rd, Sedley, VA 23878
      View Details

    Similar Nearby for Sale

    • $275,000
      0.41 Acres

      Sedley Retail Building - Great Potential

      Versatile Shop Building, 4700 sq ft, 0.41 acres
      18049 Johnsons Mill Rd, Sedley, VA 23878
      View Details
    • $229,000
      104.00 Acres

      Southampton County Farm Land

      104 acre farm in Southampton County, Virginia for sale.
      104 Ac St Lukes Rd, Sedley, VA 23878
      View Details
    • $59,900
      6.06 Acres

      Sedley, VA Land For Sale

      6.06 acre home site ready for your dream home.
      16292 Union Hill Rd, Sedley, VA 23878
      View Details
    • $110,000
      0.92 Acres

      Sedley, VA Land For Sale

      0.92 acre lot suitable for farm or residential building.
      30683 Peachtree Ave, Sedley, VA 23878
      View Details
    • $35,000
      0.47 Acres

      Residential Lot in Sedley, VA

      Buildable residential lot in the heart of Sedley, Virginia.
      3 Sycamore Ave, Sedley, VA 23878
      View Details
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    18049 Johnsons Mill Rd
    Sedley, VA 23878
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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.

    More about this property
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