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Chesterfield
1949 Mt Hermon Road
Photo of 1949 Mt Hermon Road

1

Map

$6,000,000
● Land - In Contract

1949 Mt Hermon Road

Midlothian, VA 23112
bedrooms
Studio
bathrooms
0 Bath
$29,634
Est. Monthly

About This Property

279 acres of land in Midlothian, on Mount Hermon Road prime for residential development.
Unit Size
-
Days on Market
-
Land Size
279.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$173
HOA Dues
-
Year Built
-

Listed By

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 8 months ago (CVRMLS #2520932)

Price History

Date / Event Date Event Price
Mar 30, 2026 In contract -
In contract
Nov 22, 2025 Relisted $6,000,000
Relisted
Sep 26, 2025 In contract -
In contract
Jul 25, 2025 Listed by RE/MAX Commonwealth $6,000,000
Listed by RE/MAX Commonwealth

Property Highlights

Exterior Details
Waterfront Features: Creek, Pond
Waterbody Name: Pond off of Swift Creek
Lot Features: Buildable
Lot Size Area: 279.121
Lot Size Units: Acres
Lot Size Acres: 279.121
Lot Size Square Feet: 12158510.76
Water Source: None
Financial Details
Tax Assessed Value: $838,700
Tax Annual Amount: $2,072
Utilities Details
Sewer : None

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,092,992
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: MT HERMAN RD (RESIDUAL TRACT)
  • Land Acres: 0000116919
  • Standard Land Use Code: 7000
  • County Land Use Code: 106
  • Legal Description 1: MT HERMAN RD (RESIDUAL TRACT)

Neighborhood

  • School District Name: Chesterfield County Public Schools
  • Census Tract: 100912

Zoning

  • Zoning: A - AGRICU

Geography

  • Assessors Map Reference: MB 111 PG 96
  • Account Number: 452515000
  • District: 05
  • Section: 48
  • Parcel: 704-69-68-48-300-000
  • Municipality: MIDLOTHIAN
  • Latitude: 37.4735
  • Longitude: -77.7351

    Address

  • Full Address: 1949 Mt Hermon Rd
  • Address - House Number: 1949
  • Address - Street Name: Mt Hermon
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Midlothian
  • Carrier Code: R032
  • 4-Digit Zip Code: 5703
  • Zip Code: 23112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $106,328

    Market Valuation

  • Market Total Value: $371,600
  • Market Land Value: $371,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,844
  • Assessed Land Value: $116,844
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Chesterfield

Stats & Trends

Median Asking:

$410,000

Sale Price/ft²

$214

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2461 ft²

Average Home Age

19.6 years

Currently For Sale

621 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CVR

Listed by: Ryan Sanford, RE/MAX Commonwealth
Last Updated: 8 months ago
Data Source: CVRMLS , MLS# 2520932
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 1949 Mt Hermon Road built and last sold?
The property at 1949 Mt Hermon Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1949 Mt Hermon Road is $6,060,000.
What are some comparable homes to 1949 Mt Hermon Road?
There are currently no comparable homes to 1949 Mt Hermon Road.
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