Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    35 DOGWOOD LN Monterey, VA 24465

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Building Lots - MONTEREY, VA

    Lot size:
    6.01 Acres
    Added:
    Mar 8, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 25 at 11:06 pm

    Property Features for 35 DOGWOOD LN

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-2 Residential Single family
    Standard status
    Active
    Lot size
    6.01 Acres

    Taxes and HOA fees

    Tax Annual Amount
    422
    Expense value
    500
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    CHARLOTTE STEPHENSON
    CHARLOTTE STEPHENSON

    Listing agent CHARLOTTE STEPHENSON

    Listing office SHAMROCK & STEPHENSON REALTY, INC. P. O. BOX 398, Monterey, VA

    Listing date Mar 8, 2026

    MLS# 674078 Listing URL

    Copyright © 2026 Greater Augusta 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

    Residential Land in Monterey, VA

    This 6.01 acre land is located in High Valley, offering views over the valley. It features several building sites and has a 3-bedroom septic approval. The property is situated just minutes from Monterey. The zoning is R-2 Residential Single family. Possible modular home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Monterey
    County
    Highland
    State
    Virginia
    Longitude
    -79.5042955
    Latitude
    38.4980063

    Nearby Similar for Sale

    • $599,000
      2,237 SF

      Monterey, VA Gas Station Building

      Gas station with retail building and ample parking for sale.
      6547 POTOMAC RIVER RD, MONTEREY, VA 24465
      View Details
    • $90,000

      20 Acres Residential Land

      20-acre residential land for sale in Highland County, Virginia.
      S HIGH VALLEY DR, MONTEREY, VA 24465
      View Details
    • $25,000

      Residential Land in Monterey, VA

      5-acre residential land suitable for building in Monterey, Virginia.
      HIGH VALLEY SOUTH, MONTEREY, VA 24465
      View Details
    • $350,000

      Versatile 76.4-Acre Agricultural Tract

      76.4-acre tract with pasture, timber, and open ground.
      TBD JACKSON RIVER RD, MONTEREY, VA 24465
      View Details
    • $99,500

      Land with Mountain Views

      10.4 acres of wooded land perfect for recreation.
      0 Jack Mountain Road, Monterey, VA 24465
      View Details
    • $155,000

      21 Acres in Jackson River Valley

      21 acres near Monterey, VA, with grazing and forest land.
      1004 JACKSON RIVER TPKE, MONTEREY, VA 24465
      View Details
    • $425,000

      Residential Land with Valley Views

      99.3 acres of residential land with building sites.
      TBD BIG VALLEY RD, MONTEREY, VA 24465
      View Details
    • $69,000

      15 Acres Vacant Land, Views

      Secluded 15-acre mountain top property with stunning views.
      0 Summit Drive, Tract A, Monterey, VA 24465
      View Details
    • $75,000

      Residential Land with Mountain Views

      5.44 acres ready for cabin construction near Monterey, VA.
      TBD DOGWOOD DR, MONTEREY, VA 24465
      View Details
    • $25,000

      Residential Building Lots in Monterey

      Residential land for cabin in quiet, secluded Monterey, Virginia.
      41 S HIGH VALLEY DR, MONTEREY, VA 24465
      View Details
    • $139,000

      Secluded Wooded Acreage in Monterey, VA

      Over 10 acres of land with mountain and valley views.
      0 Upper Back Creek Road, Monterey, VA 24465
      View Details
    • $119,000

      Secluded Wooded Acreage in Monterey, VA

      10+ acre lot perfect for recreation, hunting, and cabin.
      0 Upper Back Creek Road, Monterey, VA 24465
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 6.01 acre residential land with building sites near Monterey.
    Where is this residential land & home lot located?
    The property is located at 35 DOGWOOD LN Monterey, VA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Views over the valley to the mountains below; 3 bedroom septic approval; Several building sites
    (540) 468-3370
    We can help!
    Listing Contact
    CHARLOTTE STEPHENSON
    CHARLOTTE STEPHENSON
    Real Estate License ID: 225027415
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!