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    2820 Sawmill Rd Ferrum, VA 24088

    For Sale
    $199,000

    Investment - Ferrum, VA

    Lot size:
    1.19 Acres
    Days on Market:
    96
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 2820 Sawmill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    Parking
    25
    Lot size
    1.19 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Natural Gas
    Cooling system
    Heat Pump

    Building Details

    Flooring type
    Carpet, Vinyl, Wood
    Roof type
    Shingle
    Architectural style
    Other

    Mountain to Lake Realty (540) 420-2030 [email protected]

    Listing agent BOB PARCELL (540) 483-5566

    Listing date Sep 2, 2025

    MLS# 920599 Listing URL

    Copyright © 2025 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.

    Overview

    Investment Property Near Ferrum College

    This investment property is located in a rural, unzoned area, offering a secluded setting with views. It is conveniently located near Ferrum College and Philpott Lake. The property includes a building with replacement windows, a kitchen, and a picnic shelter. The lot size is 1.19 acres. Information regarding square footage, year built, and taxes are based on public records.
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferrum
    County
    Franklin
    State
    Virginia
    Longitude
    -80.0501706
    Latitude
    36.9543465

    Nearby Similar for Sale

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      View Details

    FAQs

    What type of property is this?
    Investment property - Investment property in a rural, unzoned location near Ferrum.
    Where is this investment property located?
    The property is located at 2820 Sawmill Rd Ferrum, VA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Secluded setting with good view.; - Convenient location to Ferrum College and Philpott Lake.; - New survey available.
    (540) 483-5566
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    Realmo Value Estimation

    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.

    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.

    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
    2820 Sawmill Rd Ferrum, VA 24088
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