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    Residential Lot Near State Park Title is generated by Realmo AI

    6 Dozer Track Ln, Natural Bridge, VA 24578

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    Claim this Listing
    Pending
    $61,500

    Residential,Single Family - Natural Bridge, VA

    Type:Single Family Residence
    Lot size:
    0.92 Acres
    Added:
    May 16, 2025
    Days on Market:
    386
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 6 Dozer Track Ln

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Residential
    Exterior features
    Hardwoods, Horses Permitted
    Standard status
    Pending
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    188

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jane Harris
    Jane Harris

    Listing agent Jane Harris

    Listing office James River Realty - Lexington 214 S Main St, Lexington, VA

    Listing date May 16, 2025

    MLS# 139276 Listing URL

    Copyright © 2026 Rockbridge Highlands 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

    • Building lot with driveway, electricity, and existing septic (2 BDR) already in place.
    • Convenient location near Natural Bridge State Park with easy access to Rt 11 & I 81.
    • Quick access to Lexington, Roanoke, Staunton, and within 35 minutes of Lynchburg area.
    • Site for new well already established by Rockbridge Health Dept.
    • Mobile home on property in overall good shape with newer appliances.
    • Hardwoods and Horses Permitted.

    Overview

    This 0.92-acre residential building lot is located near Natural Bridge State Park. The property features a driveway, electricity, and an existing septic system designed for a 2-bedroom residence. While the property previously shared a well, a new well will need to be installed by the buyer; the site for the new well has already been established by the Rockbridge Health Department. The location provides convenient access to Route 11 and I-81, facilitating quick travel to Lexington, Roanoke, and Staunton, and is within 35 minutes of the Lynchburg area. A mobile home is present on the property and is in overall good shape with newer appliances, though it requires new floor covering. The property is sold AS IS, with no repairs or remediation to be provided by the seller for the mobile home. This lot offers an affordable opportunity for residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Hotel & Motel Accounting Firm Bakery Travel Agency Bed & Breakfast Nursing Home Restaurant Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Natural Bridge
    County
    Rockbridge
    State
    Virginia
    Longitude
    -79.5332831
    Latitude
    37.650535

    Nearby Similar for Sale

    • $325,000
      1,305 SF

      Natural Bridge Auto Service Shop

      Immaculate auto shop on U.S. Rt. 11 at I-81.
      4373 S Lee Highway, Natural Bridge, VA 24578
      View Details
    • $325,000
      1,305 SF

      Immaculate Auto Shop on Highway

      Well-maintained auto shop with business zoning and high visibility.
      4373 S LEE HWY, NATURAL BRIDGE, VA 24578
      View Details
    • $275,000

      Fully Leased Mobile Home Park

      Mobile home park with strong rental history near Lexington, VA.
      5516 S Lee Highway, Natural Bridge, VA
      View Details

    FAQs

    What type of property is this?
    Single family property - Affordable building lot with existing utilities near Natural Bridge.
    Where is this single family property located?
    The property is located at 6 Dozer Track Ln Natural Bridge, VA.
    What is the asking price?
    The asking price for this property is $61,500.
    What are key features of this property?
    This property features: Building lot with driveway, electricity, and existing septic (2 BDR) already in place.; Convenient location near Natural Bridge State Park with easy access to Rt 11 & I 81.; Quick access to Lexington, Roanoke, Staunton, and within 35 minutes of Lynchburg area.
    (540) 460-1932
    We can help!
    Listing Contact
    Jane Harris
    Jane Harris
    Request Owner's contact information
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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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