Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Falling Creek Rd Bedford, VA 24523

    Sponsored
    For Sale
    $145,000

    Unimproved Land - Bedford, VA

    Type:Unimproved Land
    Lot size:
    8.93 Acres
    Days on Market:
    22
    Last Refresh:
    Feb 25 at 2:06 pm

    Property Features for 1 Falling Creek Rd

    General Information

    Property type
    Other
    Property subtype
    Unimproved Land
    Standard status
    Active
    Lot size
    8.93 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jena Simpson
    Jena Simpson

    Long & Foster Real Estate (888) 536-0216

    Listing agent Jena Simpson (888) 536-0216

    Listing date Feb 4, 2026

    MLS# 360325 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    8.932 Acre Wooded Lot

    This 8.932-acre wooded lot is located just outside of town, offering convenient access to amenities. The property features views of the Peaks of Otter. A homesite has been cleared, and a driveway has been installed, along with paths throughout the lot. Perk results are available for a 3-bedroom gravity flow septic system. A new recorded survey is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Bedford
    State
    Virginia
    Longitude
    -79.504732
    Latitude
    37.315775

    Nearby Similar for Sale

    • $875,000
      0.30 Acres

      Downtown Bedford Storefronts For Sale

      Prime investment opportunity in the heart of Bedford's vibrant downtown.
      114-122 N Bridge St, Bedford, VA 24523
      View Details
    • $349,900
      3,200 SF

      Versatile Commercial Property in Bedford

      0.29 acres, 3,200 SF building, zoned Commercial & Light Industrial.
      503 Plunkett St, Bedford, VA 24523
      View Details
    • $799,500
      7,516 SF

      Bedford Shopping Center Investment

      7,516 SF, 8-unit shopping center, VA
      800 Blue Ridge Ave, Bedford, VA 24523
      View Details
    • $149,900
      1,800 SF

      1173 Moneta Rd, Bedford, VA 24523

      Commercial real estate • 1,800 SF
      1173 Moneta Rd, Bedford, VA 24523
      View Details
    • $875,000
      0.30 Acres

      Downtown Bedford Storefronts For Sale

      Prime investment opportunity in the heart of Bedford's vibrant downtown.
      114-122 N Bridge St, Bedford, VA 24523
      View Details
    • $2,500,000
      2.86 Acres

      Historic Bedford Property with Modern Amenities

      Charming, renovated property with event venue potential on nearly 3 acres.
      812 E Main St, Bedford, VA 24523
      View Details
    • $349,900
      3,200 SF

      Versatile Commercial Property in Bedford

      Commercial property in Bedford, VA, suitable for various business uses.
      503 Plunkett St, Bedford, VA 24523
      View Details
    • $550,000
      36.63 Acres

      Equestrian Farm Ready for Use

      36.6 acres, fenced, with barn, streams, and utilities.
      Wilson Church Rd, Bedford, VA 24523
      View Details
    • Contact for pricing
      1,800 SF

      Retail Building on Moneta Road

      1,800 SF retail building with high visibility.
      1173 Moneta Rd, Bedford, VA 24523
      View Details
    • Contact for pricing
      3,000 SF

      Professional Office Building Near Courthouse

      Office building near courthouse with income potential.
      108 E Main St, Bedford, VA 24523
      View Details
    • Contact for pricing
      1,932 SF

      Retail Property in Bedford, VA

      Recently renovated retail property with flexible layout in Bedford, VA.
      8123 Moneta Rd, Bedford, VA 24523
      View Details
    • $795,000
      1,500 SF

      High-Visibility Bedford Commercial Lot

      Prime location, high traffic count, 1.63 acres.
      1001 Lynchburg Salem Tpke, Bedford, VA 24523
      View Details

    FAQs

    What type of property is this?
    Land - 8.932 acre wooded lot with views and improvements.
    Where is this land located?
    The property is located at 1 Falling Creek Rd Bedford, VA.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - 8.932 Acre wooded lot with VIEWS OF PEAKS OF OTTER; - Great location just out of town but close to conveniences; - Homesite cleared and driveway installed
    (804) 399-1806
    Request Owner's contact information
    1 Falling Creek Rd Bedford, VA 24523
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Falling Creek Rd
    Bedford, VA 24523
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1 Falling Creek Rd Bedford, VA 24523
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jena Simpson
    Jena Simpson
    Real Estate License ID: 0225077284
    (804) 399-1806 (804) 328-5500 (888) 536-0216
    Learn more
    Google sign-in failed. Please try again or use another login method.