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    RE/MAX 8

    1344 N Main Street, Blacksburg, VA 24060
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    • Commercial Sale
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    • Residential Multi Family

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    For Sale (38)

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    Lakefront Residential Homesite Land
    $250,000
    1.28 Acres

    Lakefront Residential Homesite Land

    Lakefront homesite in a planned community with approved septic, prepared driveway, and two boat slips with lifts.

    Tanager Lot 7 Cv, Dublin, VA 24084
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    Lakefront Land in Tanager Cove
    $275,000
    2.79 Acres

    Lakefront Land in Tanager Cove

    Upscale lakefront community with amenities and boat slips.

    Tanager Cv, Dublin, VA 24084
    View details
    Land Near Virginia Tech
    $64,900
    2.30 Acres

    Land Near Virginia Tech

    2.3-acre lot near Virginia Tech and downtown Blacksburg.

    Keisters Branch Rd, Blacksburg, VA 24060
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    Lakefront Community Homesite
    $225,000
    1.40 Acres

    Lakefront Community Homesite

    Build-ready lakefront lot with approved septic, pre-graded drive, and two boat slips with lifts.

    Tanager Lot 1 Cv, Dublin, VA 24084
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    Elliston Land Ideal Home Site
    $75,500
    5.48 Acres

    Elliston Land Ideal Home Site

    5.481-acre lot perfect for building your dream home.

    2930 New Ridge Rd, Elliston, VA 24087
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    Mountain-View Homesite Land
    $69,000
    11.35 Acres

    Mountain-View Homesite Land

    Recreational and residential homesite on mountain slopes with rural privacy and convenient access to Pulaski and Dublin.

    Old Cloyd Rd, Pulaski, VA 24301
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    Fairlawn, VA Wooded Building Lot
    $30,000
    1.70 Acres

    Fairlawn, VA Wooded Building Lot

    1.7 acre wooded lot with mountain views in Fairlawn, VA.

    Riverbluff Rd, Fairlawn, VA 24141
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    Land Near Downtown Christiansburg
    $39,000
    2.15 Acres

    Land Near Downtown Christiansburg

    2.153 acres of land, 5 minutes from downtown.

    Pilot Rd, Christiansburg, VA 24073
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    Lakefront Residential Land
    $300,000
    1.40 Acres

    Lakefront Residential Land

    Build-ready homesite in Tanager Cove with approved septic, driveway sitework, and two boat slips with lifts.

    Tanager Lot 3 Cv, Dublin, VA 24084
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    Lakefront Residential Lot with Boat Slips
    $250,000
    1.40 Acres

    Lakefront Residential Lot with Boat Slips

    Lakefront homesite offers approved septic, pre-graded driveway, and two boat slips with lifts in a planned community.

    Tanager Lot 2 Cv, Dublin, VA 24084
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    Lakefront Residential Land Lot
    $275,000
    2.79 Acres

    Lakefront Residential Land Lot

    Build a lakefront home with approved septic, a graveled driveway, and two boat slips with lifts.

    Tanager Lot 15 Cv, Dublin, VA 24084
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    Lakefront Buildable Lot with Boat Slips
    $155,000
    2.05 Acres

    Lakefront Buildable Lot with Boat Slips

    Build on an approved homesite in a lakefront community with septic, driveways, and two lift-equipped boat slips.

    Tanager Lot 13 Cv, Dublin, VA 24084
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    Lakefront Land in Upscale Community
    $300,000
    1.40 Acres

    Lakefront Land in Upscale Community

    Lakefront land with amenities ready for your dream home.

    Tanager Cv, Dublin, VA 24084
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    Lakefront Homesite in Tanager Cove
    $250,000
    1.28 Acres

    Lakefront Homesite in Tanager Cove

    Upscale lakefront community homesite with amenities and boat slips.

    Tanager Cv, Dublin, VA 24084
    View details
    Lakefront Homesite in Tanager Cove
    $250,000
    1.59 Acres

    Lakefront Homesite in Tanager Cove

    Upscale lakefront community homesite with amenities and boat slips.

    Tanager Cv, Dublin, VA 24084
    View details
    Lakefront Homesite in Tanager Cove
    $300,000
    1.35 Acres

    Lakefront Homesite in Tanager Cove

    Upscale lakefront community homesite with amenities and lake access.

    Tanager Cv, Dublin, VA 24084
    View details
    Lakefront Land in Tanager Cove
    $300,000
    1.55 Acres

    Lakefront Land in Tanager Cove

    Upscale lakefront community with amenities and boat slips.

    Tanager Cv, Dublin, VA 24084
    View details
    Lakefront Land in Tanager Cove
    $250,000
    1.42 Acres

    Lakefront Land in Tanager Cove

    Upscale lakefront community with amenities and boat slips.

    Tanager Cv, Dublin, VA 24084
    View details
    Lakefront Land in Upscale Community
    $225,000
    1.40 Acres

    Lakefront Land in Upscale Community

    Lakefront land with amenities in Dublin, Virginia.

    Tanager Cv, Dublin, VA 24084
    View details
    Elliston Land with Mountain Views
    $139,900
    3.67 Acres

    Elliston Land with Mountain Views

    3.66 acre homesite with mountain views near I-81.

    3602 Knob Forest Cir, Elliston, VA 24087
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    Lakefront Homesite with Boat Slips
    $300,000
    1.55 Acres

    Lakefront Homesite with Boat Slips

    Build-ready lakefront homesite with approved septic, driveway improvements, and two boat slips with lifts.

    Tanager Lot 10 Cv, Dublin, VA 24084
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    Lakefront Homesite with Boat Slips
    $250,000
    1.42 Acres

    Lakefront Homesite with Boat Slips

    Build-ready lake community lot with approved septic, driveway, and two boat slips with lifts.

    Tanager Lot 14 Cv, Dublin, VA 24084
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    Hunting Land with Creek
    $270,000
    55.00 Acres

    Hunting Land with Creek

    55 wooded acres in Floyd, VA with a creek, natural springs, and scattered cabins for outdoor recreation use.

    1398 Cox Store Rd, Floyd, VA 24091
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    Architecturally Designed Duplex
    $379,900
    1,808 SF

    Architecturally Designed Duplex

    Well-updated duplex in the Blacksburg School District with separate layouts, private baths, and fenced back yards.

    1426 Sandy Cir, Blacksburg, VA 24060
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    Duplex with Two 2BR Units
    $39,500
    2,412 SF

    Duplex with Two 2BR Units

    Duplex offering two 2-bedroom, 1-bath units with recent major system updates.

    617 Rose Ave, Clifton Forge, VA 24422
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    Residential Land in Blacksburg, VA
    $169,900
    3.12 Acres

    Residential Land in Blacksburg, VA

    Residential land for sale in Blacksburg, Virginia.

    1240 Falcon Ridge Rd, Blacksburg, VA 24060
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    Multi-Room Religious Facility
    $150,000
    1.66 Acres

    Multi-Room Religious Facility

    Versatile church or nonprofit building with central AC, multiple rooms, and an unfinished basement for storage.

    1977 Alum Spring Rd, Pulaski, VA 24301
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    Blacksburg Land with Utilities
    $195,000
    3.67 Acres

    Blacksburg Land with Utilities

    Two wooded lots with water and sewer hook-ups available.

    Brockton St, Blacksburg, VA 24060
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    Lakefront Homesite with Boat Slips
    $250,000
    1.59 Acres

    Lakefront Homesite with Boat Slips

    Lakefront homesite in Tanager Cove with approved septic and two boat slips with lifts.

    Tanager Lot 8 Cv, Dublin, VA 24084
    View details
    Lakefront Homesite with Boat Slips
    $300,000
    1.35 Acres

    Lakefront Homesite with Boat Slips

    Build-ready waterfront homesite with approved septic, a graveled driveway, and two boat slips with lifts in Tanager Cove.

    Tanager Lot 9 Cv, Dublin, VA 24084
    View details
    Blacksburg Buildable Lot For Sale
    $99,900
    0.70 Acres

    Blacksburg Buildable Lot For Sale

    0.7-acre lot in Blacksburg, ideal for custom home.

    Country Acres Dr, Blacksburg, VA 24060
    View details
    Blacksburg Buildable Lot Opportunity
    $99,900
    0.70 Acres

    Blacksburg Buildable Lot Opportunity

    0.7-acre lot in Blacksburg, ideal for custom home.

    Country Acres Dr, Blacksburg, VA 24060
    View details
    Cleared Lot in Pearisburg
    $65,000
    1.48 Acres

    Cleared Lot in Pearisburg

    1.477 acre lot suitable for building a dream home.

    S Main St, Pearisburg, VA 24134
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    Elliston, VA Land For Sale
    $75,500
    5.48 Acres

    Elliston, VA Land For Sale

    5.481-acre lot ideal for building a dream home.

    2930 New Ridge Rd, Elliston, VA 24087
    View details
    Lakefront Land in Tanager Cove
    $250,000
    1.40 Acres

    Lakefront Land in Tanager Cove

    Upscale lakefront community with amenities, ready for your dream home.

    Tanager Cv, Dublin, VA 24084
    View details
    Retail/Warehouse Flex Property
    $550,000
    0.66 Acres

    Retail/Warehouse Flex Property

    Retail and heated warehouse space with finished office/showroom area and I-2 zoning, currently leased.

    1850 Palmer St, Christiansburg, VA 24073
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    Residential Land in Established Area
    $55,000
    0.28 Acres

    Residential Land in Established Area

    Building lot near schools, shopping, and town amenities.

    60 Ellett Rd, Christiansburg, VA 24073
    View details
    Recreation Land Parcel with Creek Frontage
    $30,000
    1.29 Acres

    Recreation Land Parcel with Creek Frontage

    Multiple parcels totaling 1.29 acres with 275 feet of creek frontage; well and on-site power are required.

    2470 Yellow Sulphur Rd, Christiansburg, VA 24073
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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
    RE/MAX 8
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