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About This Property
Designated as a buildable and sub-dividable tract, the land offers flexibility for future development or multiple homesites. With no HOA, no covenants, and no existing structures, buyers have complete freedom to shape the land to fit their needs.
Located in the sought-after South Anna / Liberty / Patrick Henry school district, this parcel ensures convenient access to local amenities while maintaining the peace and quiet of rural living. Whether you're dreaming of a secluded residence, investment opportunity, or recreational retreat, this property delivers unmatched potential in a prime Hanover location.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 14, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Listed by Keeton & Co Real Estate | $1,120,000 | |
| Listed by Keeton & Co Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017