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    516 Oakville Rd Appomattox, VA 24522
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    516 Oakville Rd Appomattox, VA 24522

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    • Commercial real estate
    • 2.61 lot acres
    For Sale
    $595,000
    View Listing →
    2.61 Acres Near US-460 For Sale
    $595,000
    2.61 Acres

    2.61 Acres Near US-460

    2.61 acres with frontage on Rt. 26 near Walmart.

    516 Oakville Rd, Appomattox, VA 24522
    View Listing
    Property ID
    US87-2453660
    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 516 Oakville Rd

    Lot size
    2.61 lot acres
    Property type
    Commercial real estate

    Description

    This 2.61-acre commercial land parcel in Appomattox, Virginia, presents a unique investment opportunity. Located at 516 Oakville Road, the property boasts 291 feet of frontage on Route 26, directly across from a Walmart, ensuring high visibility and accessibility. The site benefits from a significant daily traffic count of 13,000 vehicles on Route 26 and 17,000 on US-460. The property includes two tax parcels (64-B2-A and 64-B2-A1) and offers an additional 293 feet of road frontage at the rear. Currently featuring a log cabin home and detached garage, which provide potential rental income until redevelopment, the property is well-suited for various commercial ventures. Public water is available on-site, and sewer lines are conveniently located nearby. Easy access is provided via US-460E, with clear directions from Lynchburg. This high-traffic location and versatile land make it an ideal investment for developers and entrepreneurs seeking a prime commercial site in a thriving area. The asking price is $495,000.

    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
    Appomattox
    County
    Appomattox
    State
    Virginia
    Longitude
    -78.8385077
    Latitude
    37.3675787

    Comparable in this City

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      Appomattox Commercial Land For Sale

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    • $115,000
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      Appomattox Land with Mountain Views

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      Appomattox Land with Loblolly Pines

      Land with planted pines, suitable for building near Appomattox.
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      Appomattox Land with Mountain Views

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      Appomattox Land with Mountain Views

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    Similar Nearby for Sale

    • $69,900
      Pending

      Appomattox Land with Existing Infrastructure

      3.02 acre lot with well, septic, and electric.
      Cedar Bend Rd, Appomattox, VA 24522
      View Details
    • Contact for pricing

      Appomattox Commercial Land For Sale

      4.24 acre commercial land parcel on Richmond Hwy.
      Richmond Hwy, Appomattox, VA 24522
      View Details
    • $115,000
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      Appomattox Land with Mountain Views

      5.7 acre lot with mountain views near Appomattox.
      Gardner Farm Rd, Appomattox, VA 24522
      View Details
    • $139,000
      11.99 Acres

      Appomattox Land with Loblolly Pines

      Land with planted pines, suitable for building near Appomattox.
      Mountain Cut Rd, Appomattox, VA 24522
      View Details
    • $198,500
      23.18 Acres

      Appomattox Land with Mountain Views

      Land with picturesque fields and panoramic mountain views.
      0-Lot Piney Mountain Rd, Appomattox, VA 24522
      View Details
    • $199,900
      42.68 Acres

      Appomattox Land with Mountain Views

      42.68 acres of wooded land with creek and views.
      Watt Abbitt Rd, Appomattox, VA 24522
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Appomattox Warehouse with Outside Storage

      Warehouse property in Appomattox, VA, featuring significant outside storage.
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    • Contact for pricing

      Warehouse, Manufacturing, Distribution Space Available

      Warehouse, manufacturing, or distribution space for lease near Lynchburg.
      310 Founders Ln, Appomattox, VA 24522
      View Details
    View Listing
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    Appomattox, VA 24522
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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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    516 Oakville Rd, Appomattox, VA, 24522
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