1380 Craigtown Road
About This Property
Shipman offers that rare balance - quiet and rural, yet close to everything that makes this area so special. You're just a short drive to the James River for kayaking and fishing, the Blue Ridge Mountains for hiking and breathtaking views, and the Blue Ridge Parkway for scenic drives year-round. Local vineyards, breweries, and cideries are sprinkled throughout Nelson County, making weekends something to look forward to. And when you need town conveniences, Lynchburg and Charlottesville are both easily accessible.
If you've been waiting for the right piece of land - something build-ready, peaceful, and full of potential - this 2.31-acre homesite is it
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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 |
|---|---|---|---|
| Mar 21, 2026 | Sold | ||
| Sold | |||
| Feb 22, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Listed by Listwithfreedom.com Inc | $42,900 | |
| Listed by Listwithfreedom.com Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017