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    Rural Land with Two Homes Title is generated by Realmo AI

    755 Quince Drive, Jonesville, VA 24263

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    For Sale
    $225,000

    LAND - Jonesville, VA

    Property size:
    15,221 SF
    Lot size:
    36.64 Acres
    Price / SF:
    $14/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 755 Quince Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Standard status
    Active
    APN
    68-(A)-67
    Lot size
    36.64 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1526

    Utilities

    Utilities
    Propane
    Sewer type
    Private Sewer
    Water source
    Private

    Building Details

    Additional Structures
    Residence

    We can help!

    Listing Contact
    Teresa Fannon

    Listing agent Teresa Fannon License #0225112290

    Listing office Fannon Land & Auction 42115 E Morgan Ave, VA

    Listing date Jun 1, 2026

    MLS# 9996340 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 36 1/2 acres with privacy‑focused setting and wooded acreage
    • Secluded 15,221 SF cabin with living room, kitchen/dining, and two ground‑level bedrooms
    • Upstairs loft bedroom plus hardwood floors and H/P
    • Front and rear covered porches with hot tub
    • Partial basement for storage and two well water sources
    • Additional home with two bedrooms, plus barn/shop and playhouse

    Overview

    This A-1 zoned rural property offers approximately 36.64 acres with two existing homes and several outbuildings. The main cabin includes a living room, kitchen/dining area, two ground-level bedrooms, and an upstairs loft bedroom. Interior finishes include hardwood floors, with a heat pump and a partial basement for storage. The cabin has front and rear covered porches, and a hot tub is noted at the property. Well water serves the cabin.

    An additional home on the property provides two bedrooms and is served by a second well. A barn/shop and playhouse are also included, along with wooded acreage throughout the site. The property is located at 755 Quince Drive in Jonesville, VA, in Lee County.

    For buyers seeking a private, multi-structure setup, this offering supports owner-occupancy with an extra residence, or flexible use for extended family or rental arrangements. The combination of a primary cabin, a second two-bedroom home, and on-site barn/shop space can support a variety of residential lifestyles while keeping the land component central to the overall property. If you’re looking for an A-1 property where the homes and acreage are part of the same purchase, this one is designed to be lived in from day one.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesville
    County
    Lee
    State
    Virginia
    Longitude
    -83.2135409
    Latitude
    36.6480437

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - A-1 zoned wooded acreage in Jonesville featuring a cabin, second two-bedroom home, and barn/shop.
    Where is this agricultural land / farmland located?
    The property is located at 755 Quince Drive Jonesville, VA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 36 1/2 acres with privacy‑focused setting and wooded acreage; Secluded 15,221 SF cabin with living room, kitchen/dining, and two ground‑level bedrooms; Upstairs loft bedroom plus hardwood floors and H/P
    (276) 546-4650
    We can help!
    Listing Contact
    Teresa Fannon
    Real Estate License ID: 0225112290
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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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