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

    6 Lots Lynville Dr. & Laurel Ln. Dr Hardy, VA 24101

    Sponsored
    For Sale
    Contact for pricing

    Residential - Single Family - Hardy, VA

    Type:Single Family Residence
    Lot size:
    3.00 Acres
    Days on Market:
    32
    Last Refresh:
    Feb 28 at 7:06 am

    Property Features for 6 Lots Lynville Dr. & Laurel Ln. Dr

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Exterior features
    Tennis
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Expense value
    1440
    Expense
    POA Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other
    Additional Structures
    Tennis Court(s)

    We can help!

    Listing Contact
    EDNA WOOD

    Three Sisters Corporation Salem dba Wainwright & Co. - REALTORS (540) 387-5800

    Listing agent EDNA WOOD (540) 719-5222

    Listing date Jan 28, 2026

    MLS# 922282 Listing URL

    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.

    Learn more

    Overview

    Smith Mountain Lake Residential Lots

    This is an investment opportunity to own six lots in a peaceful, lake-access community at Smith Mountain Lake. The property allows for building multiple homes or retaining extra space. Residents have access to a community boat launch, a waterside picnic area, and tennis courts. Community water is available, and the purchaser is responsible for septic installation. The minimum home size is 1,250 square feet. Mobile or on-frame manufactured homes are not permitted, but modular homes are allowed. The HOA is $240 per year per lot. Waterside access is close via Chuck Hollow Rd off Lakecrest Dr. The property is conveniently located near Roanoke and Westlake. The total lot size is 3 acres. The property is located in Hardy, VA.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hardy
    County
    Franklin
    State
    Virginia
    Longitude
    -79.758054
    Latitude
    37.186649

    Nearby Similar for Sale

    • $199,950
      16.54 Acres

      Hardy, VA Farm Opportunity

      16+ acre farm in Hardy, VA with creek and barn.
      Ridgecrest Rd, Hardy, VA 24101
      View Details
    • $749,900
      Pending

      Smith Mountain Lake Waterfront Acreage

      95 acres with 3,300 feet of Smith Mountain Lake frontage.
      3718 Hardy Rd, Hardy, VA 24101
      View Details
    • $2,150,000
      5.15 Acres

      Thriving Greenhouse Business and Homestead

      Established greenhouse business with homestead on 5+ acres in Hardy.
      1356 Coopers Cove Rd, Hardy, VA 24101
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Six residential lots near Smith Mountain Lake with community amenities.
    Where is this residential land & home lot located?
    The property is located at 6 Lots Lynville Dr. & Laurel Ln. Dr Hardy, VA.
    What is the asking price?
    The asking price for this property is $18,000.
    What are key features of this property?
    This property features: - Lake access community with boat launch and waterside picnic area.; - Six lots offer flexibility for multiple homes or a private compound.; - Community amenities include tennis courts.
    (540) 520-0168
    Request Owner's contact information
    6 Lots Lynville Dr. & Laurel Ln. Dr Hardy, VA 24101
    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.
    6 Lots Lynville Dr. & Laurel Ln. Dr
    Hardy, VA 24101
    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
    6 Lots Lynville Dr. & Laurel Ln. Dr Hardy, VA 24101
    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
    EDNA WOOD
    (540) 520-0168 (540) 719-5222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!