Sign Up Successful!
You now have access to more from Realmo!
    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

    39.58 Ac Asbury Church Rd Vernon Hill, VA 24597

    Sponsored
    For Sale
    $125,000

    Acreage,Land,Lot - Vernon Hill, VA

    Type:Single Family Residence
    Days on Market:
    30
    Last Refresh:
    Feb 6 at 11:06 pm

    Property Features for 39.58 Ac Asbury Church Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    A-1
    APN
    34069
    Exterior features
    N/A - Not Waterfront

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kenneth Buckley

    Pointe Realty Group South Boston (434) 579-3785

    Listing agent Kenneth Buckley (434) 272-2076

    Listing date Jan 8, 2026

    MLS# 71738 Listing URL

    Copyright © 2026 Southern Piedmont Land & Lake 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

    Overview

    Vernon Hill Land for Sale

    This property consists of two parcels, A and B, totaling 39.58 acres of gently rolling land. Located behind the Strutter's Chase residential lots, it offers opportunities for agricultural, recreational, or private estate use. Zoned A-1 Agricultural, the land is suitable for farming, hunting, timber investment, or long-term land ownership. The terrain features a mix of open and wooded areas, providing both privacy and versatility. A natural creek runs along a portion of the boundary of Parcel A, enhancing the rural character of the property. The parcels do not have direct road frontage, creating a quiet setting ideal for outdoor recreation. Parcel A and Parcel B were included in a recent appraisal and were analyzed and valued together as excess agricultural/recreational land comprising 39.58 acres located behind the residential lots. No representations are made regarding subdivision, septic approval, or future development beyond current zoning. Interested parties should verify access, utilities, zoning, and intended use.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Vernon Hill
    County
    Halifax
    State
    Virginia
    Longitude
    -79.1183
    Latitude
    36.7891

    Nearby Similar for Sale

    • $495,000
      1,560 SF

      Equestrian Ranch with Horse Barn

      Charming 3-bedroom home on 12.5 acres with horse barn.
      1196 Asbury Church Rd, Vernon Hill, VA 24597
      View Details
    • $495,000
      1,560 SF

      Picturesque Acreage with Horse Barn

      Charming 3-bedroom home with horse barn on 12.5 acres.
      1196 Asbury Church Rd, Vernon Hill, VA 24597
      View Details
    • $495,000
      1,560 SF

      Equestrian Property with Horse Barn

      Charming 3-bedroom home on 12.5 acres with horse barn.
      1196 Asbury Church Rd, Vernon Hill, VA 24597
      View Details
    • $4,000,000

      Vernon Hill Industrial Property

      Industrial property available for sale in Vernon Hill, Virginia.
      2182 Mountain Rd, Vernon Hill, VA 24597
      View Details

    FAQs

    What type of property is this?
    Land - 39.58 acres of gently rolling land suitable for various uses.
    Where is this land located?
    The property is located at 39.58 Ac Asbury Church Rd Vernon Hill, VA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - 39.58 acres of gently rolling land suitable for agricultural, recreational, or private estate use.; - Zoned A-1 Agricultural, allowing for farming, hunting, timber investment, or long-term land ownership.; - Mix of open and wooded areas providing privacy and versatility.
    (434) 517-1485
    Request Owner's contact information
    39.58 Ac Asbury Church Rd Vernon Hill, VA 24597
    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.
    39.58 Ac Asbury Church Rd
    Vernon Hill, VA 24597
    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
    39.58 Ac Asbury Church Rd Vernon Hill, VA 24597
    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

    We can help!
    Listing Contact
    Kenneth Buckley
    (434) 517-1485
    Learn more
    Google sign-in failed. Please try again or use another login method.