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    6704 James Madison Hwy Haymarket, VA 20169
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    6704 James Madison Hwy Haymarket, VA 20169

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    • Commercial real estate
    • 39.00 lot acres
    Off-Market
    Property ID
    US87-0164696
    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 6704 James Madison Hwy

    Lot size
    39.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 39-acre development site in Haymarket, Virginia, presents a compelling investment opportunity. Located at 6704 James Madison Hwy, 20169, this property boasts a prime location, offering unparalleled access to major transportation arteries including Route 15, I-66, and Route 55, ensuring convenient commutes to regional airports and commuter rail lines. The site is strategically positioned adjacent to the Haymarket Village Center and the retail corridor linking Haymarket to Gainesville, placing it within close proximity to a thriving commercial hub. Furthermore, its proximity to a new road, a planned 400+ home development, and the recently opened Home Depot, Walmart, and Sheetz, guarantees high visibility and strong potential for future growth. The property includes 4 acres within the Town of Haymarket and 35 acres in Prince William County. A site plan has already been approved for a 307,773 square foot buildable area, making this a turn-key opportunity for a variety of development projects, including affordable housing, residential, or mixed-use developments. The property's location near a new hospital further enhances its appeal. This is a rare chance to acquire a significant parcel of land with exceptional development potential in a rapidly growing area. The asking price is $39,999,000.

    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
    Haymarket
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6476239
    Latitude
    38.810072

    Comparable in this City

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      Land in Haymarket, Virginia

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      Land For Sale in HAYMARKET

      Land available in HAYMARKET, VA. Bring your plans!
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      Land Near Interstate 66

      Land with visibility and access to Washington DC.
      16000 John Marshall Hwy, Broad Run, VA 20169
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      10-Acre Lot in Haymarket, VA

      Exceptional 10-acre lot perfect for a custom home.
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    Similar Nearby for Sale

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      10-Acre Lot in Haymarket, VA

      Exceptional 10-acre lot perfect for a custom home.
      2001 Mountain Rd, Haymarket, VA 20169
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      Unsurveyed Land Parcel For Sale

      Land parcel available, buyer to research water access.
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    • $135,000

      Land For Sale

      Land available in Prince William County.
      2613 Lookout Rd, Haymarket, VA 20169
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    • Contact for pricing
      2,723 SF

      Redevelopment Opportunity in Haymarket, VA

      Zoned B-1 land suitable for retail and personal services.
      14891 Washington St, Haymarket, VA 20169
      View Details
    • $60,000
      0.57 Acres

      Land For Sale in HAYMARKET

      Land available in HAYMARKET, VA. Bring your plans and dreams.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Location Near Highway

      Retail spaces and pad sites available near major highways.
      Rt 66 & 15, Haymarket, VA 20169
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      Haymarket Land For Lease

      Commercial land available for lease in Haymarket, Virginia.
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      30,000 SF

      Retail Space Near Major Anchors

      Retail opportunities near Highway 15 & Interstate 66.
      15450 John Marshall Hwy, Haymarket, VA 20169
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      3,872 SF

      Retail Space in Haymarket Center

      Neighborhood center anchored by Giant Food in Dominion Valley.
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      2,000 SF

      Retail Space Near I-66

      Retail space available near Route 15 and I-66 interchange.
      15 & I-66 Rte, Haymarket, VA 20169
      View Details
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    Haymarket, VA 20169
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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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