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    57 Hemlock Ridge Ln Catawba, VA 24070

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    Claim this Listing
    For Sale
    $2,440,000

    COMMERCIAL - Catawba, VA

    Property size:
    8,339 SF
    Lot size:
    100.58 Acres
    Added:
    Jul 24, 2025
    Days on Market:
    275
    Last Refresh:
    Apr 24 at 4:06 pm

    Property Features for 57 Hemlock Ridge Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    117-A-2
    Size
    8,339 SF
    Lot size
    100.58 Acres

    Taxes and HOA fees

    Tax Description
    Craig Ck
    Tax Annual Amount
    5463

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Natural Gas, Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    2010
    Flooring type
    Concrete, Tile, Wood
    Building materials
    Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    DAYNA R PATRICK
    DAYNA R PATRICK

    Listing agent DAYNA R PATRICK License #225074862

    Listing office RE/MAX ALL STARS 1225 ROANOKE ROAD P. O. BOX 39, Daleville, VA

    Listing date Jul 24, 2025

    MLS# 919472

    Copyright © 2026 Roanoke 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.

    Overview

    Wilderness Recreation Estate Near Jefferson Forest

    This unique 100-acre wilderness recreation estate, located in Catawba, Virginia, adjoins the Jefferson National Forest. The property is an income-generating Airbnb Superhost and has served as an outdoor survival school, youth camp, business retreat, and event venue. Designed to accommodate up to 56 people, the estate includes 8,339 square feet of space distributed among the Main Lodge, bunk rooms, cabin, garage apartment, commercial kitchen and pub, store, and a 50'x24' class/meeting room. Outdoor amenities include a 260 square foot screened porch with a wood stove, 3,500 square feet of covered porches, a covered stage, a pond, streams, miles of groomed trails, and campsites throughout the 100 acres. The property is located 18 miles from VA Tech/Blacksburg and 28 miles from Roanoke Airport. Situated in a Land Use Conservancy and surrounded by National Forest, near the Appalachian Trail, the property has diverse use potential, including short-term rentals, business and university retreats, reunion and wedding venue, outdoor recreation camp, special-ops training, and a yoga center. The sale is for real estate only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mountain Shepherd Adventure ... Lodge

    Map

    City
    Catawba
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.2952831
    Latitude
    37.3591634

    Nearby Similar for Sale

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      Catawba, VA Land

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      Wilderness Recreation Estate Near National Forest

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      Wilderness Recreation Estate Near National Forest

      Turnkey 100-acre estate near Jefferson National Forest, sleeps 56.
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    FAQs

    What type of property is this?
    Hospitality property - 100-acre income-generating estate near the Jefferson National Forest.
    Where is this hospitality property located?
    The property is located at 57 Hemlock Ridge Ln Catawba, VA.
    What is the asking price?
    The asking price for this property is $2,440,000.
    What are key features of this property?
    This property features: 100‑acre wilderness estate adjoining Jefferson National Forest; Turnkey, income‑generating Airbnb Superhost with diverse use potential; Sleeps up to 56 people with 8,339 sq ft of living space across multiple buildings
    (540) 992-2525
    We can help!
    Listing Contact
    DAYNA R PATRICK
    DAYNA R PATRICK
    Real Estate License ID: 225074862
    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.

    More about this property
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