Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mountain Wilderness Recreational Land Title is generated by Realmo AI

    134 Ac. - South Buffalo Rd, Lexington, VA 24450

    View on Map
    Claim this Listing
    Pending
    $299,000

    Hunting,Recreation - Lexington, VA

    Lot size:
    134.26 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    200
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 134 Ac. - South Buffalo Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Pending
    Lot size
    134.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    429.63

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Will Moore
    Will Moore

    Listing agent Will Moore

    Listing office James Wm. Moore Real Estate Co. 28 S Main St, Lexington, VA 24450, Lexington, VA

    Listing date Nov 17, 2025

    MLS# 139678 Listing URL

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

    HighLights

    • 134+ acres of mountain wilderness adjoining Short Hills Wildlife Management Area
    • Dramatic panoramic mountain views and high elevations
    • Three separate tax parcels with no deed restrictions
    • Solid existing entry road providing access to ideal view‑oriented cabin sites
    • Abundant game sign indicating prime wildlife habitat
    • Early regenerating forest with plentiful browse and cover

    Overview

    This property features over 134 acres of mountain wilderness in southern Rockbridge County, Virginia, adjoining the Short Hills Wildlife Management Area. The land comprises three separate tax parcels with no deed restrictions. An existing entry road provides access to potential cabin sites oriented to maximize panoramic mountain views. The property's high elevations and early regenerating forest create a prime wildlife habitat, evidenced by abundant game sign. This presents a recreational opportunity with hunting potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    Virginia
    Longitude
    -79.616649
    Latitude
    37.686051

    Nearby Similar for Sale

    • $1,295,000
      4,250 SF

      Lexington Office Condominium For Sale

      Meticulously maintained 4,250 SF office condominium in Lexington, VA.
      25 Crossing Ln, Lexington, VA 24450
      View Details
    • $989,000
      3,302 SF

      Historic Residence in Downtown Lexington

      Turn-key residential opportunity in Lexington's C1 commercial zone.
      111 S Jefferson St, Lexington, VA 24450
      View Details
    • $439,900
      1,800 SF

      Lexington Duplex Near Downtown

      Duplex in Lexington, walking distance to downtown, investment opportunity.
      220 S Main St, Lexington, VA 24450
      View Details
    • $115,000

      Residential Homesite with Dual Frontage

      4.5-acre homesite with mountain views and frontage on both Buckland Dr and U.S. Route 60 in Buckland Subdivision.
      BUCKLAND DR lot: 7, LEXINGTON, VA 24450
      View Details
    • $135,000

      Elevated Subdivision Homesite

      A 6.42-acre elevated lot in Buckland Subdivision with wooded borders, perked sites, and utility service in place.
      BUCKLAND DR lot: 9, LEXINGTON, VA 24450
      View Details
    • $160,000

      Wooded Recreation Land Tract

      Nearly 20 acres of wooded land with rolling terrain and wildlife, suited for a private home or outdoor recreation.
      UC001 Union Run, Lexington, VA 24450
      View Details
    • $889,000
      6,336 SF

      Federal-Style Manor with Guest House

      10-acre Lexington property with manor, guesthouse, and event space.
      325 UNION RUN, LEXINGTON, VA 24450
      View Details
    • $100,000

      Lexington Residential Land Opportunity

      Nearly six-acre residential parcel near downtown Lexington.
      Lot 3 Forest Hill View, Lexington, VA 24450
      View Details
    • $124,500

      Residential Lot with Mountain Views

      Oversized residential lot with mountain views near Lexington's attractions.
      Tbd Rose Crest Ln, Lexington, VA 24450
      View Details
    • $60,000

      Residential Lot with Mountain Views

      Vacant 0.64-acre lot near Lexington, VA, with mountain views.
      Tbd Lot 14 Mt Vista Dr, Lexington, VA 24450
      View Details
    • $39,900

      Residential Lot in Wood Ridge

      Building lot near Chessie Trail and downtown Lexington.
      Lot 9 Woodridge Ln, Lexington, VA 24450
      View Details
    • $350,000

      50 Acres Near Lexington

      50-acre property near Lexington with creek, views, and privacy.
      50 Acres Jacktown Rd, Lexington, VA 24450
      View Details

    FAQs

    What type of property is this?
    Recreation land - 134+ acres of mountain wilderness in Rockbridge County, Virginia.
    Where is this recreation land located?
    The property is located at 134 Ac. - South Buffalo Rd Lexington, VA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 134+ acres of mountain wilderness adjoining Short Hills Wildlife Management Area; Dramatic panoramic mountain views and high elevations; Three separate tax parcels with no deed restrictions
    (540) 460-4602
    We can help!
    Listing Contact
    Will Moore
    Will Moore
    Real Estate License ID: 0225199100
    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
    134 Ac. - South Buffalo Rd, Lexington, VA 24450
    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!