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

    Rhea Valley Road lot 130 A 45 Meadowview, VA 24361

    View on Map
    Claim this Listing
    For Sale
    $289,900

    LAND - Meadowview, VA

    Lot size:
    9.50 Acres
    Added:
    Apr 19, 2026
    Days on Market:
    15
    Last Refresh:
    May 3 at 11:06 am

    Property Features for Rhea Valley Road lot 130 A 45

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A2
    Vegetation
    Cleared
    Fencing
    Fenced
    Standard status
    Active
    APN
    130 A 45
    Lot size
    9.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Tract 1 PT A TWO LOT DIV OF THE PROP OF BOB GRAY
    Tax Annual Amount
    125

    Utilities

    Utilities
    Electricity Available
    Water source
    Public
    Water front features
    Creek, Pond

    We can help!

    Listing Contact
    Karen Raines
    Karen Raines

    Listing agent Karen Raines

    Listing office Landmark Realty 228 Valley Street NW, Abingdon, VA

    Listing date Apr 19, 2026

    MLS# 109172 Listing URL

    Copyright © 2026 Southwest Virginia 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

    Land with Mountain Views

    This 9.5-acre parcel in Washington County offers open land and mountain views. Located within a few miles of Damascus, the property provides access to the Virginia Creeper Trail for biking, the Appalachian Trail for hiking, and Abingdon Vineyards. This property is suitable for a mini-farm, a primary residence, or a weekend retreat, offering country living with proximity to town. The location provides convenient access to Highways 58 and 91, with I-81 allowing for travel to Abingdon or Glade Springs. Additional land is available for purchase, allowing expansion of the property up to 28.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Meadowview
    County
    Washington
    State
    Virginia
    Longitude
    -81.854
    Latitude
    36.7675

    Nearby Similar for Sale

    • $499,900
      1,560 SF

      Meadowview Commercial Land For Sale

      Corner lot near I-81 with development potential in Meadowview, VA.
      29203 Wayside Lane, Meadowview, VA 24361
      View Details
    • $525,000
      1,988 SF

      Remodeled Multifamily Near Emory & Henry

      Four-unit apartment building near Emory & Henry University.
      31157 Princeton Avenue, Meadowview, VA 24361
      View Details
    • $829,900

      Picturesque Farmland with Mountain Views

      Scenic farmland in Washington County, VA, with mountain views.
      Rhea Valley Rd lot: 130, Meadowview, VA 24361
      View Details
    • $219,900

      Income-Producing Multi-Family Property

      Meticulously maintained triplex with impressive cap rate.
      28497 Kenwood Dr, Meadowview, VA 24361
      View Details
    • $42,500

      Picturesque Land in Meadowview, VA

      6+ acres with creek, suitable for residential or agricultural use.
      Tobias Dr, Meadowview, VA 24361
      View Details
    • $495,000

      Meadowview Land Near Interstate 81

      19.56 acres near I-81, offering visibility and development potential.
      Glenbrook Ave, Meadowview, VA 24361
      View Details
    • $225,000

      Meadowview Land with Campground Permit

      7.72 acres with utilities, horse barn, and creek.
      Old Saltworks Road lot: 03691 03692, Meadowview, VA 24361
      View Details
    • $78,800

      Pasture Land Near Abingdon, VA

      Pasture land with open views, near town amenities and I-81.
      Springfield Drive, Meadowview, VA 24361
      View Details
    • $81,200

      Pasture Land Near Abingdon, VA

      2.03 acres of pasture land near Abingdon, Virginia.
      Springfield Drive, Meadowview, VA 24361
      View Details
    • $78,000

      Pasture Land Near Abingdon, VA

      Pasture land near Abingdon, VA, ideal for serene lifestyle.
      Springfield Drive, Meadowview, VA 24361
      View Details
    • $80,000

      Pasture Land Near Abingdon, VA

      Two-acre pasture land near Abingdon, VA, ready for livestock.
      Springfield Drive, Meadowview, VA 24361
      View Details
    • $219,900

      Commercial Land Near I-81

      2.14 acres of commercial land with barns near I-81.
      14005 Glenbrook Drive, Meadowview, VA 24361
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 9.5-acre parcel near Damascus, VA, with mountain views.
    Where is this agricultural land / farmland located?
    The property is located at Rhea Valley Road lot 130 A 45 Meadowview, VA.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: 9. 5‑acre parcel with **stunning mountain views and rolling pastures.**; Close proximity to Damascus, Virginia Creeper Trail, and Appalachian Trail.; Potential for mini‑farm, forever home, or weekend retreat.
    (276) 356-1254
    We can help!
    Listing Contact
    Karen Raines
    Karen Raines
    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

    Thank You for Inquiry

    Rhea Valley Road lot: 130 A 45, Meadowview, VA 24361

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!