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    The Largest CRE Database in the US with Over 1 Million Listings

    3055 Fletcher Chapel Rd Kenbridge, VA 23944

    Sponsored
    For Sale
    $135,000

    Residential/Vacation - Kenbridge, VA

    Type:Farm
    Property size:
    960 SF
    Lot size:
    1.00 Acre
    Days on Market:
    3
    Last Refresh:
    Jan 26 at 3:06 am

    Property Features for 3055 Fletcher Chapel Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    Farm
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    1
    Parking features
    Carport
    Interior features
    Washer &/Or Dryer Hookup
    Exterior features
    Gravel Drive, Paved Road
    Appliances
    Other
    Size
    960 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    See Remarks (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1965
    Flooring type
    Wood
    Building materials
    Brick, Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Novak

    eXp Realty, LLC-(Clayton) (919) 333-4265

    Listing agent Lisa Novak (866) 825-7169

    Listing date Jan 24, 2026

    MLS# 140569 Listing URL

    Copyright © 2026 Roanoke Valley Lake Gaston Board 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

    Kenbridge Home on Acre Lot

    Located just outside Kenbridge town limits, this property features a 3-bedroom, 1-bath home situated on a full acre. The residence offers a functional layout with hardwood floors and an updated bathroom. The kitchen provides a practical space with a small eat-in area. The open lot offers space for a garden, small animals, or a starter farmette. The property is zoned for agricultural use, offering flexibility for various uses. It is serviced by well and septic. The property is located conveniently between Blackstone and Kenbridge. The home has 960 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Kenbridge
    County
    Lunenburg
    State
    Virginia
    Longitude
    -78.0680176
    Latitude
    36.9868935

    Nearby Similar for Sale

    • $399,000
      Pending

      Charming 30-Acre Farm Retreat

      Peaceful farm with room for recreation and potential expansion.
      1271 South Hills Rd, Kenbridge, VA 23944
      View Details
    • $79,900
      1,300 SF

      Kenbridge, VA Multi-Purpose Building

      Multi-purpose building in a great location in Kenbridge, Virginia.
      600 Main St, Kenbridge, VA 23944
      View Details

    FAQs

    What type of property is this?
    Farm - Charming 3-bedroom home on 1 acre between Kenbridge & Blackstone.
    Where is this farm located?
    The property is located at 3055 Fletcher Chapel Rd Kenbridge, VA.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - 1 Acre Lot: Offers ample space for gardening, animals, or a small farm.; - Affordable Price: Listed at $135,000, making it accessible for various buyers.; - Convenient Location: Situated between Kenbridge and Blackstone.
    (866) 825-7169
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    Kenbridge, VA 23944
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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
    3055 Fletcher Chapel Rd Kenbridge, VA 23944
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    We can help!
    Listing Contact
    Lisa Novak
    (866) 825-7169
    Learn more
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