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    211 Dove Dr Rustburg, VA 24588

    Sponsored
    For Sale
    $1,189,900

    Single Family Residence, Cape Cod,Farm House - Rustburg, VA

    Type:Farm
    Property size:
    7,020 SF
    Lot size:
    11.80 Acres
    Days on Market:
    38
    Last Refresh:
    Jan 20 at 8:06 am

    Property Features for 211 Dove Dr

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Great Room, Kitchen, Laundry
    Bedrooms
    3
    Bathrooms
    5
    APN
    002040900
    Parking
    3
    Patio and Porch features
    Patio, Porch
    Interior features
    Cable Available, Cable Connections, Ceiling Fan(s), Drywall, Free-standing Tub, Great Room, High Speed Data Aval, Main Level Bedroom, Primary Bed W/Bath, Pantry, Separate Dining Room, Smoke Alarm, Tile Bath(s), Tv Mount(s), Walk-in Closet(s)
    Exterior features
    Patio, Porch, Front Porch, Rear Porch, In Ground Pool, Fenced Yard, Garden Space, Landscaped, Secluded Lot, Club House Nearby, Golf Nearby, Ski Slope Nearby
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Range, Range - Gas, Refrigerator, Washer
    Size
    7,020 SF
    Lot size
    11.80 Acres

    Utilities

    Utilities
    Cable Available
    Cooling system
    Heat Pump

    Building Details

    Year built
    2024
    Floors in Building
    2
    Flooring type
    Carpet, Other, Tile, Vinyl
    Building materials
    Brick, Other, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Nadine B Blakely
    Nadine B Blakely

    Overacre, Inc (434) 841-7537 [email protected]

    Listing agent Nadine B Blakely (434) 832-1100 License #0225103715

    Listing date Dec 14, 2025

    MLS# 361830 Listing URL

    Copyright © 2026 Lynchburg Virginia MLS. 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

    Rustburg Estate with In-Ground Pool

    This property, situated on 11.8 acres, features a single-family residence with an in-ground pool. The home offers stylish design and is conveniently located near Liberty University, downtown, and Lynchburg Regional Airport. The property showcases landscaping and both exterior and interior finishes. A wrap-around porch and covered rear porch provide access to the pool area. Inside, the open floor plan includes a great room with a fireplace, a kitchen with a large center island and walk-in pantry, a formal dining room, and a mudroom leading to the garage. The main level primary suite features a fireplace, a bathroom with his and hers vanity, a walk-in closet, and a tile shower. The second level includes additional bedrooms, a media/family room, and a separate teen suite, along with a private stairway to a separate living space for guests. The finished terrace level contains a salon, recreation rooms, and a bath. The property offers 7,020 square feet of living space. Recent updates include fresh paint in many rooms, new landscaping, and a sidewalk.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Clothing Store Gym & Fitness Food Market Garden Center Convenience Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Rustburg
    County
    Campbell
    State
    Virginia
    Longitude
    -79.1589447
    Latitude
    37.3301022

    Nearby Similar for Sale

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      1,750 SF

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      View Details
    • $145,000
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      Rustburg Commercial Land & Homes

      Two lots, 1.41 acres, high visibility.
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    • $589,900
      1 SF

      Rustburg Commercial Land - High Traffic Area

      Prime 2.43-acre lot, ideal for business development. High visibility location.
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    FAQs

    What type of property is this?
    Farm - Stunning 11.8-acre property near LU, downtown, and LYH Airport.
    Where is this farm located?
    The property is located at 211 Dove Dr Rustburg, VA.
    What is the asking price?
    The asking price for this property is $1,189,900.
    What are key features of this property?
    This property features: - 11.8 acre property with in-ground pool.; - Built in 2024, described as 'better than NEW'.; - Main level primary suite with fireplace, pampering bath, and walk-in closet.
    (434) 444-2226
    Request Owner's contact information
    211 Dove Dr Rustburg, VA 24588
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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
    211 Dove Dr Rustburg, VA 24588
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    We can help!
    Listing Contact
    Nadine B Blakely
    Nadine B Blakely
    Real Estate License ID: 0225103715
    (434) 444-2226
    Learn more
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