Sign Up Successful!
You now have access to more from Realmo!
    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

    16 Fairway Dr Danville, VA 24541

    Sponsored
    For Sale
    Contact for pricing

    Lot, Land - Danville, VA

    Lot size:
    0.30 Acres
    Days on Market:
    46
    Last Refresh:
    Jan 25 at 12:06 pm

    Property Features for 16 Fairway Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTR
    Lot size
    0.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    DAVID SMITH
    DAVID SMITH

    Boyd Real Estate (434) 203-4138

    Listing agent DAVID SMITH (434) 797-4663

    Listing date Dec 11, 2025

    MLS# 74816 Listing URL

    Copyright © 2026 Dan River Region 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.

    Learn more

    Property Insight Report

    Overview

    Danville Land Near Golf Course

    This 0.2954-acre wooded lot is located in the city of Danville, Virginia, near the site of the former Southern Hills golf course. The property is a corner lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Danville
    State
    Virginia
    Longitude
    -79.443162
    Latitude
    36.558642

    Nearby Similar for Sale

    • Contact for pricing
      15,000 SF

      Danville Office Space For Sale

      Office space for sale with flexible leasing options and utilities included.
      103 Tower Dr, Danville, VA 24540
      View Details
    • $2,400,000
      44,000 SF

      44,000 SF Industrial Building on 21+ Acres

      44,000 SF industrial building on over 20 acres near US-29.
      239 Mayfield Rd, Danville, VA 24541
      View Details
    • Contact for pricing
      15,341 SF

      Versatile Building in Central Danville

      Versatile building with fenced lot, convenient to downtown.
      408 N Main St, Danville, VA 24540
      View Details
    • Contact for pricing
      1.49 Acres

      Danville Lot in Great Location

      Double-sized building lot a few miles outside of town.
      110 Woodhaven Dr, Danville, VA 24540
      View Details
    • $254,900
      1,368 SF

      Danville Investment Property in River District

      Versatile commercial property in Danville's River District with recent improvements.
      812 Wilson St, Danville, VA 24541
      View Details
    • $5,200,000

      Apartment Buildings Portfolio For Sale

      Portfolio of 7 apartment buildings with 80 units.
      138 Wesley Dr, Danville, VA 24540
      View Details
    • $199,000

      Danville Duplex Investment Opportunity

      Charming duplex near downtown Danville, perfect for investors.
      1440 Main St, Danville, VA 24540
      View Details
    • New
      $695,000
      14,810 SF

      Historic Warehouse Conversion Opportunity

      Historic warehouse with condo/commercial conversion potential near Dan River Falls.
      335 Floyd St, Danville, VA 24541
      View Details
    • Contact for pricing

      Freestanding Retail Building For Sale

      8,343 SF building on 2.36 AC, high-traffic location.
      3943 Franklin Tpke, Danville, VA 24540
      View Details
    • $695,000
      2,584 SF

      Retail Property on Piney Forest

      Retail property with drive-thru lanes and ample parking.
      1296 Piney Forest Rd, Danville, VA 24540
      View Details
    • $49,900
      1,200 SF

      Three Bedroom Investment Opportunity

      Three-bedroom, two-bath property suitable for investors or first-time buyers.
      713 Springfield Rd, Danville, VA 24540
      View Details
    • $3,500,000
      50,652 SF

      Danville Flex Space For Sale

      50,652 SF flex space on 9.76 acres available.
      119 Cane Creek Blvd, Danville, VA 24540
      View Details

    FAQs

    What type of property is this?
    Land - Wooded lot near former Southern Hills golf course.
    Where is this land located?
    The property is located at 16 Fairway Dr Danville, VA.
    What is the asking price?
    The asking price for this property is $12,000.
    What are key features of this property?
    This property features: - Wooded lot offering a serene environment.; - In the city, providing convenient access to urban amenities.; - Near former Southern Hills golf course.
    (434) 203-7822
    Request Owner's contact information
    16 Fairway Dr Danville, VA 24541
    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.
    16 Fairway Dr
    Danville, VA 24541
    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
    16 Fairway Dr Danville, VA 24541
    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
    DAVID SMITH
    DAVID SMITH
    (434) 203-7822
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.