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    For Sale (61)

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    Prime Land on South Main
    $1,500,000
    2.50 Acres

    Prime Land on South Main

    2.5-acre tract with frontage on South Main Street.

    2630 S Main St, Harrisonburg, VA 22801
    View details
    29.22 Acres Approved Apartments
    $1,008,000
    29.22 Acres

    29.22 Acres Approved Apartments

    29.22 acres approved for 144 apartments in Scott Depot.

    Hedrick Rd, Scott Depot, WV 25560
    View details
    Automotive Repair & Fuel Center
    $295,000
    2,922 SF

    Automotive Repair & Fuel Center

    Turn-key automotive repair and fuel distribution center on 2.25 acres.

    16855 Oak St, Dillwyn, VA 23936
    View details
    Approved Land For Townhouses
    $275,000
    3.63 Acres

    Approved Land For Townhouses

    Land approved for 11 townhouses in Scott Depot, WV.

    Tbd Hedrick Rd, Scott Depot, WV 25560
    View details
    71 Acres Bordering National Park
    $749,000
    71.00 Acres

    71 Acres Bordering National Park

    71 acres of wooded land bordering Shenandoah National Park.

    Rocky Branch Rd, Luray, VA 22835
    View details
    Commercial Lot on Erickson Avenue
    $134,900
    1.15 Acres

    Commercial Lot on Erickson Avenue

    1.15 acre commercial lot zoned B-2 in Harrisonburg, VA.

    Tbd Erickson Ave, Harrisonburg, VA 22801
    View details
    Rockingham Duplex with Renovated Unit
    $509,000
    2,646 SF

    Rockingham Duplex with Renovated Unit

    Well-maintained duplex near Rockingham with renovated upper unit.

    2502 Ridgedale Rd, Harrisonburg, VA 22801
    View details
    Harrisonburg Warehouse and Industrial Property
    $2,500,000
    28,824 SF

    Harrisonburg Warehouse and Industrial Property

    28,824 sqft warehouse/industrial property for sale or lease in Harrisonburg.

    2610 S Main St, Harrisonburg, VA 22801
    View details
    28 Acres for Development
    $2,400,000
    28.00 Acres

    28 Acres for Development

    28 acres suitable for multi-family residential development.

    210 W Mosby Rd, Harrisonburg, VA 22801
    View details
    Residential Land in Timberville, VA
    $467,225
    19.10 Acres

    Residential Land in Timberville, VA

    19.1 acres of land suitable for single-family development.

    19.1 Acres American Legion Dr, Timberville, VA 22853
    View details
    Harrisonburg Multifamily Investment Opportunity
    $1,749,900
    6,656 SF

    Harrisonburg Multifamily Investment Opportunity

    14-unit apartment building near JMU, Valley Mall, and downtown.

    91 Dutch Mill Ct, Harrisonburg, VA 22801
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    Residential Lot in Willow Ridge
    $77,000
    0.27 Acres

    Residential Lot in Willow Ridge

    0.27-acre residential lot in Harrisonburg, VA, no HOA fees.

    2122 Willow Hill Dr, Harrisonburg, VA 22801
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    Industrial Land in Harrisonburg, VA
    $1,896,300
    25.80 Acres

    Industrial Land in Harrisonburg, VA

    25.8 acres of divisible industrial land with utilities access.

    25.8 Ac Acorn Dr, Harrisonburg, VA 22801
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    23.5 Acres in Scott Depot
    $869,900
    23.50 Acres

    23.5 Acres in Scott Depot

    23.5 acres approved for 70 patio homes.

    00 Hedrick Rd, Scott Depot, WV 25560
    View details
    Residential Land in Timberville, VA
    $350,000
    1.26 Acres

    Residential Land in Timberville, VA

    1.26 acre residential land for sale in Timberville, VA.

    1 Acres New Market Rd, Timberville, VA 22853
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    Agricultural Land Near Bridgewater
    $219,900
    2.91 Acres

    Agricultural Land Near Bridgewater

    2.91 acres near Bridgewater and Weyers Cave in Virginia.

    Naked Creek Hollow Rd, Weyers Cave, VA 24486
    View details
    Industrial Land on Mt Clinton
    $390,000
    3.90 Acres

    Industrial Land on Mt Clinton

    3.9 acre industrial parcel with utilities near I-81.

    CLINTON PIKE 3.9 Ac Mt, Harrisonburg, VA 22801
    View details
    Agricultural Land Near Bridgewater
    $119,500
    1.46 Acres

    Agricultural Land Near Bridgewater

    1.46 acres with septic approval near Bridgewater and Weyers Cave.

    Tbd Naked Crk Holw Rd, Weyers Cave, VA 24486
    View details
    Residential Lot in Willow Ridge
    $77,000
    0.26 Acres

    Residential Lot in Willow Ridge

    0.26-acre residential lot in Harrisonburg, VA, no HOA fees.

    2132 Willow Hill Dr, Harrisonburg, VA 22801
    View details
    21 Acres Near Sugar Grove
    $99,900
    21.70 Acres

    21 Acres Near Sugar Grove

    Private 21-acre property with streams and building sites.

    21 Acres Buck Hl Ln, Sugar Grove, WV 26815
    View details
    Port Republic Agricultural Land For Sale
    $195,000
    3.64 Acres

    Port Republic Agricultural Land For Sale

    3.6 acres of open pasture with mountain views.

    Mill Creek Church Rd, Port Republic, VA 24471
    View details
    Retail Gift Shop with Cottages
    $849,000
    6,728 SF

    Retail Gift Shop with Cottages

    Retail gift shop with cottages, mountain views, and rental potential.

    2487/2547 Us Highway 211 W, Luray, VA 22835
    View details
    Wooded Land Parcel Near Creek
    $93,000
    3.01 Acres

    Wooded Land Parcel Near Creek

    Three-acre wooded parcel located near Mossy Creek in Mount Solon.

    3 Acres Mossy Crk Rd, Mount Solon, VA 22843
    View details
    Rockingham, VA Building Lot
    $89,000
    0.43 Acres

    Rockingham, VA Building Lot

    Prime cul-de-sac lot with mountain views in Crossroads Farm.

    131 Markham Pl, Harrisonburg, VA 22801
    View details
    Residential Lot in Willow Ridge
    $77,000
    0.27 Acres

    Residential Lot in Willow Ridge

    0.27-acre residential lot in Harrisonburg, VA, no HOA fees.

    2122 Willow Hill Dr, Harrisonburg, VA 22801
    View details
    Acre Lot with Septic Installed
    $59,900
    1.00 Acre

    Acre Lot with Septic Installed

    One acre lot with septic, mountain views, near National Forest.

    14506 Travis Ln, Fulks Run, VA 22830
    View details
    Car Wash Investment Opportunity
    $764,500
    3,822 SF

    Car Wash Investment Opportunity

    Car wash with income potential in Wise, Virginia.

    123 Woodland Dr, Wise, VA 24293
    View details
    McGaheysville Building Lot For Sale
    $118,000
    0.54 Acres

    McGaheysville Building Lot For Sale

    Large lot suitable for single-family home near Massanutten.

    Town Hall Rd, Mcgaheysville, VA 22840
    View details
    Secluded Wooded Lot with Pond
    $129,000
    3.39 Acres

    Secluded Wooded Lot with Pond

    3.39 acre wooded lot with pond and barn.

    3.39 Acres Mossy Crk Rd, Mount Solon, VA 22843
    View details
    Dayton Retail Building For Sale
    $475,000
    3,072 SF

    Dayton Retail Building For Sale

    Established business location featuring a glass studio and coffee shop.

    415 Mason St, Dayton, VA 22821
    View details
    Residential Lot with Mountain Views
    $89,000
    0.43 Acres

    Residential Lot with Mountain Views

    Building lot in Rockingham, VA with mountain views.

    131 Markham Pl, Harrisonburg, VA 22801
    View details
    Land with I-81 Visibility
    $595,000
    1.80 Acres

    Land with I-81 Visibility

    1.8 acres with direct visibility from I-81.

    Tbd Stone Spg Rd, Harrisonburg, VA 22801
    View details
    Commercial Building in Downtown Broadway
    $225,000
    1,682 SF

    Commercial Building in Downtown Broadway

    Commercial building with three-phase electric in the heart of Broadway.

    137 N Main St, Broadway, VA 22815
    View details
    29.22 Acres Approved for Apartments
    $1,008,000
    29.22 Acres

    29.22 Acres Approved for Apartments

    29.22 acres approved for 144 apartments in Scott Depot, WV.

    Hedrick Rd, Scott Depot, WV 25560
    View details
    Harrisonburg Industrial Land For Sale
    $735,000
    10.00 Acres

    Harrisonburg Industrial Land For Sale

    10 acres of industrial land with utilities access.

    10 Ac Acorn Dr, Harrisonburg, VA 22801
    View details
    Rockingham Duplex: Renovated and Maintained
    $509,000
    2,646 SF

    Rockingham Duplex: Renovated and Maintained

    Well-maintained duplex in Rockingham County with renovated upper unit.

    2502 Ridgedale Rd, Harrisonburg, VA 22801
    View details
    22 Acres Agricultural Land
    $395,000
    22.00 Acres

    22 Acres Agricultural Land

    22-acre agricultural property suitable for division.

    Dam Town Rd, Fort Defiance, VA 24437
    View details
    Harrisonburg Multifamily Investment Opportunity
    $1,749,900
    6,656 SF

    Harrisonburg Multifamily Investment Opportunity

    14-unit apartment building near JMU, Valley Mall, and downtown.

    91 Dutch Mill Ct, Harrisonburg, VA 22801
    View details
    Wooded Lot Near Chimney Rock
    $74,560
    9.32 Acres

    Wooded Lot Near Chimney Rock

    9.32 acre wooded lot near Broadway, Virginia.

    Tbd Brunk Spg Ln, Broadway, VA 22815
    View details
    3.39 Acres in Fishersville, VA
    $2,118,000
    3.39 Acres

    3.39 Acres in Fishersville, VA

    3.39 acres zoned General Business in a prime location.

    Tbd Expo Rd, Fishersville, VA 22939
    View details
    Rural Lots with Historic Schoolhouse
    $59,900
    1.84 Acres

    Rural Lots with Historic Schoolhouse

    Two rural lots featuring a historic schoolhouse near town.

    Tbd Mtn Vly Rd, Keezletown, VA 22832
    View details
    Acre Land Approved For Townhouses
    $275,000
    1.00 Acre

    Acre Land Approved For Townhouses

    One acre of land approved for eleven townhouses.

    Hedrick Rd, Scott Depot, WV 25560
    View details
    Residential Lot in Willow Ridge
    $77,000
    0.26 Acres

    Residential Lot in Willow Ridge

    0.26-acre residential lot in Harrisonburg's Willow Ridge Subdivision.

    2132 Willow Hill Dr, Harrisonburg, VA 22801
    View details
    25 Acres in Mount Solon
    $299,900
    24.97 Acres

    25 Acres in Mount Solon

    25 acres with home sites, pond, and recreational opportunities.

    24.97 Ac Stribling Spg Rd, Mount Solon, VA 22843
    View details
    23.5 Acres in Scott Depot
    $869,900
    23.50 Acres

    23.5 Acres in Scott Depot

    23.5 acres approved for 70 patio homes.

    Hedrick Rd, Scott Depot, WV 25560
    View details
    Harrisonburg Warehouse with Living Quarters
    $425,000
    6,730 SF

    Harrisonburg Warehouse with Living Quarters

    Warehouse with living space, large doors, and outbuilding.

    119 Pleasant Hill Rd, Harrisonburg, VA 22801
    View details
    Wooded Acreage Near Mount Crawford
    $181,000
    5.00 Acres

    Wooded Acreage Near Mount Crawford

    5-acre property with wooded acreage and open pasture.

    Tbd Fairview Rd, Mount Crawford, VA 22841
    View details
    Family Dollar Leased Investment Property
    $1,491,750
    8,400 SF

    Family Dollar Leased Investment Property

    NNN leased investment property with long-term tenant.

    202 Front St, Coeburn, VA 24230
    View details
    7.95 Acres in New Market
    $134,900
    7.95 Acres

    7.95 Acres in New Market

    7.95-acre tract with open ground and views.

    Flat Rock Rd, New Market, VA 22844
    View details
    Spacious Industrial Property in Broadway
    $700,000
    20,977 SF

    Spacious Industrial Property in Broadway

    Over 20,000 SF of buildings on nearly 6 acres.

    5.0 Acres Turleytown Rd, Broadway, VA 22815
    View details
    Versatile Commercial Property with Residence
    $650,000
    12.20 Acres

    Versatile Commercial Property with Residence

    Multi-building commercial property with residence and significant development potential.

    12.2 Acres Turleytown Rd, Broadway, VA 22815
    View details
    Industrial Land with Steel Building
    $325,000
    3.76 Acres

    Industrial Land with Steel Building

    3.7 acres with 10,620 SF steel building in Broadway, VA.

    4.5 Turleytown Rd, Broadway, VA 22815
    View details
    Commercial Land in ROCKINGHAM, VA
    $350,000
    0.61 Acres

    Commercial Land in ROCKINGHAM, VA

    Commercial property for sale in Rockingham, Virginia.

    00 Reservoir St, Harrisonburg, VA 22801
    View details
    5-Acre Wooded Land Parcel
    $181,000
    5.00 Acres

    5-Acre Wooded Land Parcel

    5-acre property near North River, ideal for building.

    Fairview Rd, Mount Crawford, VA 22841
    View details
    Land For Sale Harrisonburg
    $350,000

    Land For Sale Harrisonburg

    Land available for sale in Harrisonburg, Virginia.

    00 Reservoir St, Harrisonburg, VA 22801
    View details
    Wooded Land Parcel with Cave
    $93,000

    Wooded Land Parcel with Cave

    Three-acre wooded land parcel featuring a cave and creek access.

    Mossy Creek Rd, Mount Solon, VA 22843
    View details
    2.5 Acre Tract on Main
    $1,500,000

    2.5 Acre Tract on Main

    2.5 acre commercial land tract with frontage on South Main.

    2630 S Main St, Harrisonburg, VA 22801
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    Commercial Property in Harrisonburg, VA
    Contact for pricing

    Commercial Property in Harrisonburg, VA

    Commercial property available for sale in Harrisonburg, Virginia.

    41 Carpenter Ln, Harrisonburg, VA 22801
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    Secluded Wooded Lot with Pond
    $129,000

    Secluded Wooded Lot with Pond

    3.39 acre wooded building lot with pond and barn.

    Mossy Creek Rd, Mount Solon, VA 22843
    View details
    Retail Property on Williamson Road
    $1,375,000

    Retail Property on Williamson Road

    Retail space with a strong net lease in Roanoke, VA.

    3607 Williamson Rd, Roanoke, VA 24012
    View details
    Automotive Repair & Fuel Station
    $295,000

    Automotive Repair & Fuel Station

    Turn-key automotive repair and fuel station on 2.25 acres.

    16855 Oak St, Dillwyn, VA 23936
    View details

    For Lease (2)

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    BRIDGEWATER Flex Warehouse Spaces Available
    $1.00 SF/Yr

    BRIDGEWATER Flex Warehouse Spaces Available

    Flex warehouse spaces available from 1,000 to 100,000 sqft.

    105 Dry River Rd, Bridgewater, VA 22812
    View details
    Retail/Office Space in Harrisonburg, VA
    $1.00 SF/Yr

    Retail/Office Space in Harrisonburg, VA

    Versatile retail/office space with high visibility in Harrisonburg, VA.

    41 Carpenter Ln, Harrisonburg, VA 22801
    View details

    Leases and Sales on Map

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    Old Dominion Realty, Inc.
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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
    Old Dominion Realty, Inc.
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