Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1092 Mayberry Crossing Drive Moneta, VA 24121

    View on Map
    Picture of Commercial land at 1092 Mayberry Crossing Drive, Moneta, VA
    For Sale
    $708,500

    COMMERCIAL - Moneta, VA

    Lot size:
    5.85 Acres
    Added:
    May 2, 2023
    Days on Market:
    1073
    Last Refresh:
    Apr 8 at 12:06 am

    Property Features for 1092 Mayberry Crossing Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    21000900
    Lot size
    5.85 Acres

    Taxes and HOA fees

    Tax Description
    RESIDUAL TRACT PB 60/291

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Polly Lyons

    Listing agent Polly Lyons License #0225058821

    Listing office Lyons Team Realtors 1123 Celebration Ave Ste 106, Moneta, VA

    Listing date May 2, 2023

    MLS# 343895

    Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Downtown Moneta

    This commercial building lot is located in Downtown Moneta at Smith Mountain Lake. The 5.85-acre property could be used for a variety of purposes, including retail, restaurant, fast food, special uses such as entertainment or art centers, and medical facilities. The property is located on RT 122, beside the Moneta Public Library. The location benefits from a growing population base and new residential construction of both single-family and multifamily homes. Situated on a main road through to the Smith Mountain Lake State Park, this location is suitable for a business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Pharmacy Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Moneta
    County
    Bedford
    State
    Virginia
    Longitude
    -79.6218431
    Latitude
    37.1808194

    Nearby Similar for Sale

    • $399,000

      Moneta, VA Mixed-Use Land

      9.6 acres in Eastlake area with commercial and residential potential.
      4 - 15093 Moneta Rd, Moneta, VA 24121
      View Details
    • $1,000,000

      Moneta, VA Land Opportunity

      21 acres in Eastlake area with mixed-use zoning.
      2 - 15093 Moneta Rd, Moneta, VA 24121
      View Details
    • $1,875,000

      Retail Strip Center For Sale

      Retail strip center with income-producing spaces in Moneta, Virginia.
      16483 Moneta Rd, Moneta, VA 24121
      View Details
    • $199,900

      Waterfront Land in Moneta, VA

      Gentle lot with waterfront and new dock permit.
      Lakewatch Cir lot: 37, Moneta, VA 24121
      View Details
    • $489,000

      Smith Mountain Lake Waterfront Land

      Waterfront land with development potential near Smith Mountain Lake.
      Oak Hollow Rd lot: 42, Moneta, VA 24121
      View Details
    • $1,199,000

      Versatile Commercial Flex Property

      4.09-acre commercial property in Moneta, VA with multiple warehouses.
      2586 Tuck Rd, Moneta, VA 24121
      View Details
    • $674,900

      Waterfront Land Ready for Development

      4 acres with 200 feet of pristine waterfront.
      Isle Of Pines Dr lot: 6, Moneta, VA 24121
      View Details
    • $90,000

      Waterfront Land with Deeded Dock

      Waterfront lot in Lakewatch Plantation with deeded dock!
      0-Lot 42 Lakewatch Circle, Moneta, VA 24121
      View Details
    • $179,900

      Waterfront Land in Moneta, VA

      Gentle waterfront lot in master-planned community with dock permit.
      Lakewatch Cir lot: 39, Moneta, VA 24121
      View Details
    • $1,200,000

      Moneta Land For Sale

      30-acre mixed-use land with high visibility in Moneta, VA.
      3 - 15093 Moneta Rd, Moneta, VA 24121
      View Details
    • $2,499,000

      Moneta, VA Land For Sale

      60.60 acres of mixed-use land in Eastlake area.
      15093 Moneta Rd, Moneta, VA 24121
      View Details
    • $42,500

      Residential Lot with Mountain Views

      Building lot in Lakewatch Plantation, convenient to amenities.
      Pine Watch Cir lot: 9, Moneta, VA 24121
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial building lot in the heart of Downtown Moneta.
    Where is this commercial land located?
    The property is located at 1092 Mayberry Crossing Drive Moneta, VA.
    What is the asking price?
    The asking price for this property is $708,500.
    What are key features of this property?
    This property features: Located in the heart of Downtown Moneta at Smith Mountain Lake.; High‑visibility location directly on RT 122.; Suitable for a variety of commercial uses (retail, restaurant, medical, entertainment, etc.).
    (540) 297-7777
    We can help!
    Listing Contact
    Polly Lyons
    Real Estate License ID: 0225058821
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!