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    9750 Village Hwy Concord, VA 24538
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    Property profile & analytics

    9750 Village Hwy, Concord, VA 24538

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    • Commercial real estate
    • 4,767 SF
    • 4.77 lot acres
    Off-Market
    Property ID
    US87-1765384
    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

    • The Concord Manor / Resort / Vacation Rental

    Property Details for 9750 Village Hwy

    Year built
    1909
    Lot size
    4.77 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional property, located at 9750 Village Highway in Concord, Virginia, offers a unique blend of history and modern comfort. The main house, boasting 4,767 square feet, features a grand foyer on both the upper and lower levels, a country kitchen perfect for entertaining, a formal dining room, and generously sized rooms throughout. Architectural details include beautiful oak sliding doors, wooden columns, and elegant fireplace mantles. A wraparound front porch and a large back porch provide ample outdoor living space overlooking the inviting pool and landscaped garden area. A walk-up attic presents additional potential for expansion or storage. The property also includes a substantial 1,250 square foot guest house with an attached garage, a kitchen, and 1.5 bathrooms, offering versatile accommodation options. The expansive 4.77-acre lot is a captivating mix of open and wooded areas, providing both privacy and scenic beauty. Currently configured and utilized as a seven-bedroom vacation rental (VRBO #330270), the property is zoned Residential/Multi-Family and is approved for a four-bedroom septic system. Its convenient location offers easy access to Liberty University, shopping centers, and the airport, all within a 15-minute radius. More pictures are available via listing #338312. This remarkable estate presents an unparalleled opportunity for a variety of uses, from a luxurious family home to a thriving event venue or continued operation as a high-demand vacation rental.

    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
    Concord
    County
    Campbell
    State
    Virginia
    Longitude
    -78.97699
    Latitude
    37.34188

    Comparable in this City

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    • $347,999
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      55.72 Acres of Wooded Land

      55.72 acres in Appomattox County, suitable for a homestead.
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    • $347,999
      55.72 Acres

      Concord, VA Wooded Acreage

      55.72 acres of wooded land, ideal for homesteading.
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    • $789,500
      96.00 Acres

      96 Acres on James River

      96-acre tract with James River frontage, ideal for recreation.
      Riv Btm Ln, Concord, VA 24538
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    • $40,000
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      Campbell County Land Opportunity

      Over 3 acres of wooded, level land for development.
      5 Spring Mill Rd, Concord, VA 24538
      View Details

    Similar Nearby for Sale

    • $30,000
      3.05 Acres

      Residential Land in Concord, VA

      Three-acre, mostly wooded, flat lot zoned for multi-family residential.
      4 Harvest Hills Dr, Concord, VA 24538
      View Details
    • $347,999
      55.72 Acres

      55.72 Acres of Wooded Land

      55.72 acres in Appomattox County, suitable for a homestead.
      W Haven Ln, Concord, VA 24538
      View Details
    • $347,999
      55.72 Acres

      Concord, VA Wooded Acreage

      55.72 acres of wooded land, ideal for homesteading.
      W Haven Ln, Concord, VA 24538
      View Details
    • $789,500
      96.00 Acres

      96 Acres on James River

      96-acre tract with James River frontage, ideal for recreation.
      Riv Btm Ln, Concord, VA 24538
      View Details
    • $40,000
      147,668 SF

      Campbell County Land Opportunity

      Over 3 acres of wooded, level land for development.
      5 Spring Mill Rd, Concord, VA 24538
      View Details
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    Concord, VA 24538
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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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