Add Listing
    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

    7.9 ac FLAT ROCK RD New Market, VA 22844

    View on Map
    For Sale
    $134,900

    Agricultural - NEW MARKET, VA

    Type:Farm
    Lot size:
    7.95 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    85
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 7.9 ac FLAT ROCK RD

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    A-1 Agricultural
    Standard status
    Active
    APN
    097A080B
    Lot size
    7.95 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    446.72

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Chad Branson
    Chad Branson

    Listing agent Chad Branson License #0225093865

    Listing office Old Dominion Realty Inc 2340 S Main St, Harrisonburg, VA

    Listing date Jan 6, 2026

    MLS# 672239 Listing URL

    Copyright © 2026 Harrisonburg-Rockingham 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

    7.95 Acres of Agricultural Land

    This 7.952-acre tract offers an opportunity to build in a setting defined by openness, privacy, and scenery. The property features wide-open ground and views. The zoning is A-1 Agricultural.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    New Market
    County
    Shenandoah
    State
    Virginia
    Longitude
    -78.6691
    Latitude
    38.6726

    Nearby Similar for Sale

    • $375,000
      3,512 SF

      Historic Manor House in New Market

      Circa 1860 manor house with flexible commercial space.
      9400 S CONGRESS ST, NEW MARKET, VA 22844
      View Details
    • $90,000

      Residential Lot Near Golf Course

      Residential lot with golf course and mountain views.
      0 CLICKS LN, NEW MARKET, VA 22844
      View Details
    • $25,000

      Land in Hidden Pass

      0.53-acre parcel bordering the National Forest in Shenandoah Valley.
      MORELAND GAP lot: 55, NEW MARKET, VA 22844
      View Details
    • $134,900

      7.95 Acres in New Market

      7.95-acre tract with open ground and views.
      FLAT ROCK RD, NEW MARKET, VA 22844
      View Details
    • $250,000

      Shenandoah Valley Mountain Property

      Exceptional mountain property with panoramic views and National Forest access.
      3200 E LEE Highway, NEW MARKET, VA 22844
      View Details
    • $129,000

      Ready-to-Build Land in New Market

      Almost 2 acres with well and septic already installed.
      0 MORELAND GAP, NEW MARKET, VA 22844
      View Details
    • $6,000

      Land Near Mountains and Forest

      0.51 acre lot suitable for recreation and investment.
      RATTLESNAKE LN, NEW MARKET, VA 22844
      View Details
    • $275,000

      Mixed-Use Opportunity on Main Street

      Mixed-use property with renovation potential in New Market, Virginia.
      9365 N Congress St, NEW MARKET, VA 22844
      View Details
    • $250,000

      Land with Mountain Views

      16.24 acres with mountain views near I-81.
      TBD NEW MARKET DEPOT RD, NEW MARKET, VA 22844
      View Details
    • $250,000

      Shenandoah Valley Mountain Property

      Exceptional mountain property with panoramic views and National Forest access.
      3200 E Lee Hwy, NEW MARKET, VA 22844
      View Details
    • $25,000

      Land Bordering National Forest

      0.53-acre parcel in Hidden Pass subdivision bordering National Forest.
      LOT 55 Lot 55 Moreland Gap, NEW MARKET, VA 22844
      View Details
    • $599,000

      70.5 Acres on Smith Creek

      70.5 acres with frontage on Smith Creek in New Market, VA.
      70 AC SMITH CREEK Road, NEW MARKET, VA 22844
      View Details

    FAQs

    What type of property is this?
    Farm - 7.95-acre tract for building with open space and views.
    Where is this farm located?
    The property is located at 7.9 ac FLAT ROCK RD New Market, VA.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: 7.952‑acre tract offers exceptional building opportunity.; Setting defined by openness, privacy, and breathtaking scenery.; Wide‑open ground.
    (540) 433-2454
    We can help!
    Listing Contact
    Chad Branson
    Chad Branson
    Real Estate License ID: 0225093865
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!