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    258 Peaceful Lane Dry Fork, VA 24069

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    For Sale
    $1,211,600

    Residential, Farmhouse - Dry Fork, VA

    Type:Farm
    Property size:
    2,400 SF
    Lot size:
    99.00 Acres
    Price / SF:
    $504/SF
    Added:
    May 1, 2026
    Days on Market:
    2
    Last Refresh:
    May 2 at 4:06 pm

    Property Features for 258 Peaceful Lane

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    2
    Parking features
    Garage
    Standard status
    Active
    Size
    2,400 SF
    Lot size
    99.00 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2018
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Micah Woodall

    Listing agent Micah Woodall

    Listing office Mast Realty Estates and Farms 5025 Red Cedar Rd., Raleigh, VA

    Listing date May 1, 2026

    MLS# 59606 Listing URL

    Copyright © 2026 South Central 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

    Turn-Key Farm with Custom Home

    This 99-acre turn-key farm is located on the southwest side of Pittsylvania County. Over 50 acres are dedicated to pasture, featuring cross fencing suitable for grazing and general farm use. The remaining acreage consists of timber and a homesite area. The property is known for strong deer and turkey activity. Multiple shooting houses are in place, with room for food plots. Constructed in 2018, the custom-built home includes 3 bedrooms and 2.5 bathrooms within approximately 2,400 square feet. It features a wrap-around porch, an attached 2-car garage, and a full unfinished basement with double exterior doors. The home is equipped with whole-house on-demand hot water and a rock fireplace with gas logs. The first floor has 9-foot ceilings and an ultra-efficient gas furnace, while the second floor has a separate heat pump. There are four walk-in closets. The kitchen features custom cabinetry, a granite island, a Viking gas range, a Viking refrigerator, and a Viking exhaust. Appliances include a Maytag dishwasher, a 2024 washer, and a Maytag dryer. The property also includes an approximately 1,800 square foot barn with a covered porch, two half baths, a kitchen area, a lift, and space for equipment or vehicles. Two chicken coops are also on the property. The location is convenient to Danville, Martinsville, Eden, Reidsville, and Greensboro.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Dry Fork
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.6585
    Latitude
    36.5899

    FAQs

    What type of property is this?
    Farm - 99-acre farm featuring a custom home and barn.
    Where is this farm located?
    The property is located at 258 Peaceful Lane Dry Fork, VA.
    What is the asking price?
    The asking price for this property is $1,211,600.
    What are key features of this property?
    This property features: 99‑acre turn‑key farm with over 50 acres of pasture, cross‑fencing, and timber.; Custom‑built 2018 home featuring 3BR/2.5BA, wrap‑around porch, attached 2‑car garage, and unfinished basement.; Approx. 1,800 SF barn with covered porch, two half baths, kitchen area, and lift.
    (252) 665-4849
    We can help!
    Listing Contact
    Micah Woodall
    Real Estate License ID: 0225241318
    Learn More
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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.

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    258 Peaceful Lane, Dry Fork, VA 24069

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