Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land in Hardy, VA Title is generated by Realmo AI

    1953 Moorman Rd, Hardy, VA 24101

    View on Map
    Claim this Listing
    For Sale
    $325,000

    LAND - Hardy, VA

    Lot size:
    0.94 Acres
    Added:
    May 22, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 1 at 2:06 am

    Property Features for 1953 Moorman Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    1,121
    Standard status
    Active
    APN
    002 01-009 00
    Lot size
    0.94 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1121

    Utilities

    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    KJ MEHMOOD

    Listing agent KJ MEHMOOD

    Listing office WAINWRIGHT & CO., REALTORS(R)- LAKE 16503 BOOKER T WASHINGTON HWY, Salem, VA

    Listing date May 22, 2026

    MLS# 927790 Listing URL

    Copyright © 2026 Roanoke Valley 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.

    HighLights

    • Waterfront property on Smith Mountain Lake
    • Opportunity to build a custom dream home
    • Convenient location close to Roanoke and area amenities
    • Underground power and cable connections available
    • Part of the Brightwater at Smith Mountain Lake community
    • Clearly defined lot boundaries

    Overview

    This 0.94-acre waterfront property, identified as Lot 9 in Brightwater at Smith Mountain Lake, is located in Hardy, Virginia. Underground power and cable connections are available. The property is situated on the left when approaching from Roanoke, across from 7257 Starlight, and extends to across from 7445 Starlight LN. The zoning is 1,121. This land is intended for residential use, offering the opportunity to build a custom home. It is located close to Roanoke and area amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Kitchen & Bath Showroom HVAC Service Furniture & Home Goods Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hardy
    County
    Franklin
    State
    Virginia
    Longitude
    -79.792742
    Latitude
    37.231098

    Nearby Similar for Sale

    • $3,990,000
      17,718 SF

      Wellness Center Near Smith Mountain Lake

      Purpose-built wellness center near Smith Mountain Lake with expansion.
      157 Westlake Road, Hardy, VA 24101
      View Details
    • $135,000

      Land Near Smith Mountain Lake

      Cleared 1.97-acre lot near Smith Mountain Lake.
      Moorman Rd lot: 34, Hardy, VA 24101
      View Details
    • $2,200,000

      Westlake Commercial Property for Sale

      7.75 acres of prime commercial real estate in Westlake.
      Booker T Washington Hwy lot: 3, Hardy, VA 24101
      View Details
    • $450,000

      Smith Mountain Lake Land

      16.42 acre waterfront land with mountain views.
      Moorman Rd lot: 2, Hardy, VA 24101
      View Details
    • $499,900

      Waterfront Land in Hardy, Virginia

      Cleared 1.27-acre waterfront lot with dock and lake views.
      Springsteen Cir lot: 19, Hardy, VA 24101
      View Details
    • $395,000

      Waterfront Land in Hardy, Virginia

      0.97-acre waterfront lot with dock and lake views.
      Springsteen Cir lot: 10, Hardy, VA 24101
      View Details
    • $24,900

      Hardy, VA Land Opportunity

      Centrally located 1.93-acre lot in a growing area.
      Jubal Early, Hardy, VA 24101
      View Details
    • $249,900

      Hardy, VA Land For Sale

      45 acre land parcel with timber and wildlife near Roanoke.
      Winterhill Dr, Hardy, VA 24101
      View Details
    • $2,150,000

      Established Greenhouse Business For Sale

      Thriving 40-year-old greenhouse business on 5+ acres in Hardy, Virginia.
      1356 Coopers Cove Road, Hardy, VA 24101
      View Details
    • $250,000

      Franklin County Land For Sale

      25 acres of land near Smith Mountain Lake.
      Northridge Rd, Hardy, VA 24101
      View Details
    • $2,150,000

      Thriving Greenhouse Business and Homestead

      Established greenhouse business with homestead on 5+ acres in Hardy.
      1356 Coopers Cove Road, Hardy, VA 24101
      View Details
    • $136,500

      Hardy, VA Land Parcel

      13.28 acre homesite near Roanoke and Bay Roc Marina.
      533 COOPERS COVE Rd, Hardy, VA 24101
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot to build your dream home.
    Where is this waterfront land located?
    The property is located at 1953 Moorman Rd Hardy, VA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Waterfront property on Smith Mountain Lake; Opportunity to build a custom dream home; Convenient location close to Roanoke and area amenities
    (540) 387-5800
    We can help!
    Listing Contact
    KJ MEHMOOD
    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
    1953 Moorman Rd, Hardy, VA 24101
    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!