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    Radford Commercial Property on Claytor Lake Title is generated by Realmo AI

    4100 Adventure Base Road, Radford, VA 24141

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    For Sale
    $5,280,000

    Commercial - Radford, VA

    Lot size:
    66.51 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    227
    Last Refresh:
    May 16 at 5:06 am

    Property Features for 4100 Adventure Base Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    07500100000021
    Lot size
    66.51 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17322.66

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air, Multi Units, Wall Unit(s)

    Building Details

    Year built
    2008
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeannette Boyd
    Jeannette Boyd

    Listing agent Jeannette Boyd License #225061743

    Listing office Page & Assoc. Real Estate 1655 Roanoke Street, POB1499, Christiansburg, VA

    Listing date Oct 2, 2025

    MLS# 425479 Listing URL

    Copyright © 2026 New River 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.

    HighLights

    • 66.5 acres on Claytor Lake with an impressive 1757 feet of lake frontage.
    • Features 22 boat slips.
    • Includes a large event center with a commercial kitchen and multi‑purpose room.
    • Sixteen cabins are equipped with multiple bunk beds.
    • Bath house includes shower rooms, bathrooms, laundry, and counselor quarters.
    • Seller will consider a long‑term lease at $25,000 per month.

    Overview

    This unique 66.5-acre commercial property is located in Radford, Virginia, on Claytor Lake, offering 1757 feet of lake frontage and 22 boat slips. The property features a large event center with a commercial kitchen and a multipurpose room on the main level. The lower level includes offices, conference rooms, an infirmary, a game room, and multiple restrooms. There are 16 cabins, each equipped with multiple bunk beds. A bathhouse provides shower rooms, bathrooms, laundry facilities, and three counselor quarters with a total of five bedrooms and four baths. The counselor cottages also include kitchenettes. The property is suitable for various uses, including campgrounds, hospitality, wedding venues, specialty purposes, commercial kitchens, restaurants, and retail. The seller will consider a long-term lease on the entire property at $25,000 per month, triple net, for a qualified tenant. Propane tanks are leased from Southern States in Christiansburg.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Radford
    County
    Radford
    State
    Virginia
    Longitude
    -80.6410471
    Latitude
    37.0485998

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    FAQs

    What type of property is this?
    Campground - 66.5-acre Radford property with lake frontage, event center, and cabins.
    Where is this campground located?
    The property is located at 4100 Adventure Base Road Radford, VA.
    What is the asking price?
    The asking price for this property is $5,280,000.
    What are key features of this property?
    This property features: 66.5 acres on Claytor Lake with an impressive 1757 feet of lake frontage.; Features 22 boat slips.; Includes a large event center with a commercial kitchen and multi‑purpose room.
    (540) 392-9505
    We can help!
    Listing Contact
    Jeannette Boyd
    Jeannette Boyd
    Real Estate License ID: 225061743
    Learn More
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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.

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