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    1196 Asbury Church Road Vernon Hill, VA 24597

    View on Map
    New
    Pending
    $495,000

    Farm,House Included - Vernon Hill, VA

    Type:Farm
    Property size:
    1,560 SF
    Lot size:
    12.50 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 8 at 7:06 pm

    Property Features for 1196 Asbury Church Road

    General Information

    Property type
    Land
    Property subtype
    Farm
    Zoning
    Ag
    Exterior features
    N/A - Not Waterfront
    Standard status
    Pending
    APN
    32158
    Size
    1,560 SF
    Lot size
    12.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Francisco

    Listing agent Jeff Francisco

    Listing office Long and Foster - South Boston 3510 Old Halifax Road, South Bostong, VA

    Listing date Apr 7, 2026

    MLS# 71760 Listing URL

    Copyright © 2026 Southern Piedmont Land & Lake Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Equestrian Property with Horse Barn

    Situated on 12.5 acres, this property in Vernon Hill, VA, features a 1560 sq ft home with 3 bedrooms and 2 bathrooms, offering a blend of comfort and country living. The home has a functional layout with spacious living areas, comfortable bedrooms, and natural light. An 80 ft. x 80 ft. horse barn with 7 stalls is suited for equestrian activities, livestock, hobbies, or farm equipment storage. The barn includes concrete flooring throughout, rubber matting in the stalls, a tack room, a workshop, and additional stalls at the rear. Large 14 ft. doors on each end of the barn accommodate tractors, equipment, or hay storage. The acreage consists of open land and surroundings suitable for riding, gardening, recreation, and outdoor enjoyment. Approximately 10 acres are fenced pasture with a stream for livestock and wildlife.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Real Estate Agency Auto Repair Shop Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernon Hill
    County
    Halifax
    State
    Virginia
    Longitude
    -79.0295591
    Latitude
    36.8032539

    Nearby Similar for Sale

    • $495,000
      1,560 SF

      Equestrian Ranch with Horse Barn

      Charming 3-bedroom home on 12.5 acres with horse barn.
      1196 Asbury Church Road, Vernon Hill, VA 24597
      View Details
    • $495,000

      Picturesque Acreage with Horse Barn

      Charming 3-bedroom home with horse barn on 12.5 acres.
      1196 Asbury Church Road, Vernon Hill, VA 24597
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Charming 3-bedroom home on 12.5 acres with horse barn.
    Where is this horse & equestrian property located?
    The property is located at 1196 Asbury Church Road Vernon Hill, VA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 12.5‑acre property ideal for country living and outdoor activities.; Well‑maintained 80 ft. x 80 ft., 7‑stall horse barn with concrete flooring, rubber matting, tack room, and workshop.; Approximately 10 acres of fenced pasture with a stream.
    (434) 470-8222
    We can help!
    Listing Contact
    Jeff Francisco
    Learn More
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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
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