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    Property profile & analytics

    Chincoteague Rd Wallops Island, VA 23337

    • Commercial land
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-2594699
    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

    • Commercial land

    Property Details for Chincoteague Rd

    Property type
    Commercial land
    APN
    028C2A0000001C0
    APU
    028C2A0000001C0

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wallops Island
    County
    Accomack
    State
    Virginia
    Longitude
    -75.4855
    Latitude
    37.9229

    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
    2024
    $218
    $45,000
    $0.00
    $45,000
    -
    $45,000
    $0.00
    $45,000

    Comparable in this City

    • Value Estimation by Request
      3.82 Acres

      Salyer Dr

      VACANT COMMERCIAL LAND • 3.82 Acres
      Salyer Dr, Wallops Island, VA 23337
      View Details
    • Value Estimation by Request

      1st Parcel

      VACANT COMMERCIAL LAND
      1st Parcel, Wallops Island, VA 23337
      View Details
    • Value Estimation by Request
      1.00 Acre

      Wallops Island, VA 23337

      VACANT COMMERCIAL LAND • 1.00 Acre
      Wallops Island, VA 23337
      View Details
    • Value Estimation by Request
      1.17 Acres

      Gillespie Parcel 2

      VACANT COMMERCIAL LAND • 1.17 Acres
      Gillespie Parcel 2, Wallops Island, VA 23337
      View Details
    • Value Estimation
      $370,000
      3.96 Acres

      33620 Chincoteague Rd

      COMMERCIAL (GENERAL) • 3.96 Acres
      33620 Chincoteague Rd, Wallops Island, VA 23337-2202
      View Details
    • Value Estimation by Request

      33453 Chincoteague Rd

      COMMERCIAL (GENERAL)
      33453 Chincoteague Rd, Wallops Island, VA 23337-2208
      View Details

    Similar Nearby for Sale

    • $150,000
      3.75 Acres

      Wallops Island Land Opportunity

      Large lot near NASA/Wallops, close to Chincoteague and Assateague Islands.
      1 Watts Bay Dr, Wallops Island, VA 23337
      View Details
    • $400,000
      5.79 Acres

      Waterfront Lot in Watts Bay

      Large waterfront lot with views of islands and rocket launches.
      10 Watts Bay Dr, Wallops Island, VA 23337
      View Details
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    Chincoteague Rd
    Wallops Island, VA 23337
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    Realmo Value Estimation

    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.

    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.

    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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