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    Virginia

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    For Sale (25)

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    Vacant Land Near Hard Rock
    Contact for pricing
    0.28 Acres

    Vacant Land Near Hard Rock

    Vacant land near Bristol Country Club and Hard Rock Casino.

    Briscoe Dr, Bristol, VA 24202
    View details
    Commercial Land in Weber City
    $549,900
    2.25 Acres

    Commercial Land in Weber City

    Prime commercial lot with high visibility and accessibility.

    Frank B. Smith, Weber City, VA 24290
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    Abingdon, VA Mountain Land
    $99,000
    35.00 Acres

    Abingdon, VA Mountain Land

    35+/- acres of mountain land with road frontage.

    Porterfield Hwy, Abingdon, VA 24210
    View details
    Secluded One-Acre Lot in Abingdon
    $47,000
    1.00 Acre

    Secluded One-Acre Lot in Abingdon

    One-acre lot near Abingdon, offering privacy and tranquility.

    Colonade Dr, Abingdon, VA 24210
    View details
    Serene Land on South Holston
    $899,000
    57.99 Acres

    Serene Land on South Holston

    57+ acres bordering Cherokee National Forest with lake access.

    Patty Branch Rd, Bristol, TN 37620
    View details
    Residential Lot with Golf Course Views
    $39,000
    0.35 Acres

    Residential Lot with Golf Course Views

    Residential lot with golf course and mountain views in Bristol.

    Acorn Ln, Bristol, VA 24202
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    Residential Lot with Golf Course Views
    $39,000
    0.35 Acres

    Residential Lot with Golf Course Views

    Residential lot with golf course and mountain views in Bristol.

    Acorn Ln, Bristol, VA 24202
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    Abingdon, VA Building Lot
    Contact for pricing
    0.46 Acres

    Abingdon, VA Building Lot

    Building lot in prime location between Abingdon and Emory.

    Village Loop, Abingdon, VA 24210
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    Dungannon, VA Land For Sale
    $325,000
    182.00 Acres

    Dungannon, VA Land For Sale

    182-acre recreational land with national forest access and mountain views.

    Osborne Ridge Rd, Dungannon, VA 24245
    View details
    7 Acres Dual-Zoned Land
    $389,000
    7.08 Acres

    7 Acres Dual-Zoned Land

    7-acre property with dual zoning in Bristol, Virginia.

    Lee Hwy, Bristol, VA 24202
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    9.53 Acres in Abingdon, VA
    $199,000
    9.53 Acres

    9.53 Acres in Abingdon, VA

    9.53 acre property between Bristol and Abingdon, VA.

    Old Jonesboro Rd, Abingdon, VA 24211
    View details
    Flourishing Church in Glade Spring
    $174,900
    2,819 SF

    Flourishing Church in Glade Spring

    Well-maintained church with potential for various uses.

    302 Crescent Dr, Glade Spring, VA 24340
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    Meadowview Land Near Interstate 81
    $495,000
    19.56 Acres

    Meadowview Land Near Interstate 81

    19.56 acres near I-81, offering visibility and development potential.

    Glenbrook Ave, Meadowview, VA 24361
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    Wooded Lot in Saddlebrook Farms
    Contact for pricing
    0.46 Acres

    Wooded Lot in Saddlebrook Farms

    Tranquil wooded lot in private Saddlebrook Farms subdivision.

    Buck Hollow Trl, Sugar Grove, VA 24375
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    Land with Mountain Views
    $45,000
    1.40 Acres

    Land with Mountain Views

    Residential land in Cedar Bluff, VA, with mountain views.

    Airport Rd, Cedar Bluff, VA 24609
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    Land with Mountain Views
    Contact for pricing
    0.70 Acres

    Land with Mountain Views

    Residential land in Cedar Bluff, VA, with mountain views.

    Airport Rd, Cedar Bluff, VA 24609
    View details
    Land with Mountain Views
    Contact for pricing
    0.70 Acres

    Land with Mountain Views

    Residential land in Cedar Bluff, VA, with mountain views.

    Airport Rd, Cedar Bluff, VA 24609
    View details
    Refreshed Commercial Building in St. Paul
    $59,900
    1,000 SF

    Refreshed Commercial Building in St. Paul

    Newly refreshed commercial building in the heart of St. Paul.

    16557 Broad St, Saint Paul, VA 24283
    View details
    118+ Acres in Castlewood, VA
    $250,000
    118.51 Acres

    118+ Acres in Castlewood, VA

    118.51 acres of land with young timber and paved road frontage.

    Buffalo Hollow Rd, Castlewood, VA 24224
    View details
    Bristol VA Land Opportunity
    $129,000
    4.17 Acres

    Bristol VA Land Opportunity

    4+ acre homesite near Exit 7 in Bristol, VA.

    Kentucky St, Bristol, VA 24201
    View details
    Abingdon Land with Barn
    $149,900
    4.05 Acres

    Abingdon Land with Barn

    4.05 acre parcel with barn, fencing, and county water.

    Kimberlin Rd, Abingdon, VA 24210
    View details
    Farmland with Barn and Ponds
    $400,000
    24.00 Acres

    Farmland with Barn and Ponds

    24-acre farmland featuring a barn, ponds, and abundant wildlife.

    27070 Shortsville Rd, Abingdon, VA 24210
    View details
    Restaurant Opportunity in Glade Spring
    $199,900
    1,416 SF

    Restaurant Opportunity in Glade Spring

    Restaurant with equipment, indoor and outdoor seating ready for business.

    139 Town Square St, Glade Spring, VA 24340
    View details
    27 Acres Wooded Land, Saltville
    $59,000
    27.09 Acres

    27 Acres Wooded Land, Saltville

    27-acre wooded property near Saltville, Virginia, with development potential.

    Clark St, Saltville, VA 24370
    View details
    27 Acres Near Hard Rock Casino
    $299,900
    26.59 Acres

    27 Acres Near Hard Rock Casino

    27 acres of cleared land near Hard Rock Casino.

    Gateway Dr, Bristol, VA 24202
    View details

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    MATT SMITH REALTY
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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.

    More about this property
    MATT SMITH REALTY
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