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    3184 Old Liberty Dr Axton, VA 24054

    View on Map
    Sponsored
    For Sale
    $494,000

    Farm - Axton, VA

    Type:Farm
    Property size:
    2,548 SF
    Lot size:
    50.02 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 30 at 12:06 pm

    Property Features for 3184 Old Liberty Dr

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    Parking features
    Carport
    Patio and Porch features
    Patio, Porch
    Interior features
    1st Floor Bedroom, Attic Fan, Cedar Closets, Ceiling Fan, Exhaust Fan, Handicap Accessible, Rods/Hardware, Window Treatment
    Exterior features
    Fencing, Gravel Drive, Level Lot, Outbuilding, Patio, Porch, Storm Doors, Storm Windows
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Dishwasher, Dryer, Microwave, Range, Range - Electric, Refrigerator, Washer
    Size
    2,548 SF
    Lot size
    50.02 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air, Electric, Heat Pump

    Building Details

    Year built
    1970
    Flooring type
    Carpet, Concrete, Tile, Vinyl, Wood
    Building materials
    Block, Brick
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Barbara Waldron

    Berry-Elliott Realtors

    Listing agent Barbara Waldron

    Listing date Mar 27, 2026

    MLS# 149977 Listing URL

    Copyright © 2026 Martinsville, Henry, Patrick Counties 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.

    Learn more

    Property Insight Report

    Overview

    Spacious Farm with Modern Amenities

    This 50.02-acre farm, zoned for agricultural use, is suitable for horses, sheep, or poultry. The property includes acreage for pasture and woods. The residence features three bedrooms and two bathrooms, with recent capital improvements including modern kitchen appliances, a three-year-old water heater, and fresh tile flooring. The floor plan offers separation of space, with two bedrooms and a full bath on the main level. The finished walk-out basement serves as a versatile secondary living suite, originally renovated for multi-generational living. The lower level includes a bedroom, full bath, kitchenette, and a family room. The former garage has been converted into a workshop with a dedicated pantry, complemented by a private home office. Outdoor amenities include a fenced backyard with a heated chicken coop and a separate garden area. The property also includes a barn for vehicle or equipment storage, an attached four-stall dog kennel, and a well pump replaced within the last five years. Pecan, plum, and fig trees are present on the property. The property contains 2548 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farm Of Mini Goats Food Processing Plant

    Suggested Use

    Restaurant Hotel & Motel Department Store Kitchen & Bath Showroom Electrical Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Axton
    County
    Henry
    State
    Virginia
    Longitude
    -79.7735018
    Latitude
    36.6670752

    Nearby Similar for Sale

    • Contact for pricing
      75,600 SF

      Axton Warehouse and Industrial Property

      75,600 SF warehouse/industrial property, convenient location.
      3870 Martin Dr, Axton, VA 24054
      View Details

    FAQs

    What type of property is this?
    Farm - 50-acre farm featuring a renovated home and extensive outdoor amenities.
    Where is this farm located?
    The property is located at 3184 Old Liberty Dr Axton, VA.
    What is the asking price?
    The asking price for this property is $494,000.
    What are key features of this property?
    This property features: - 50.02-acre farm zoned for agricultural use, ideal for horses, sheep, or poultry.; - Finished walk-out basement with bedroom, full bath, kitchenette, and family room, suitable for multi-generational living or rental income.; - Extensive storage: workshop with pantry, massive barn for vehicle/equipment storage, and four-stall dog kennel.
    (276) 226-5683
    Request Owner's contact information
    3184 Old Liberty Dr Axton, VA 24054
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    Axton, VA 24054
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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
    3184 Old Liberty Dr Axton, VA 24054
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    Listing Contact
    Barbara Waldron
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