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

    937 White Fall Road Gretna, VA 24577

    View on Map
    Claim this Listing
    For Sale
    $429,000

    LAND - Gretna, VA

    Lot size:
    103.86 Acres
    Added:
    Feb 16, 2024
    Days on Market:
    801
    Last Refresh:
    Apr 27 at 12:06 pm

    Property Features for 937 White Fall Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Standard status
    Active
    APN
    2499-39-0436
    Lot size
    103.86 Acres

    Taxes and HOA fees

    Tax Description
    ST RD 677 TRACT 5 103.86 AC

    We can help!

    Listing Contact
    Glenn D Whorley

    Listing agent Glenn D Whorley License #0225104774

    Listing office Century 21 ALL-SERVICE 20886 Timberlake Road, Lynchburg, VA

    Listing date Feb 16, 2024

    MLS# 350556

    Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gretna Land with River Border

    This 103.86-acre land parcel in Gretna, Virginia, offers potential for various uses. The property is bordered by the Bannister River and includes Black Creek and Allen Creek within its boundaries. The land has existing clearing suitable for building, and further clearing could create pasture land. The property, zoned A-1, also features road frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Gretna
    County
    Pittsylvania
    State
    Virginia
    Longitude
    -79.1554605
    Latitude
    36.9343386

    Nearby Similar for Sale

    • $449,000

      Gretna Multifamily Investment Opportunity

      Six-unit multifamily property in Gretna, Virginia with strong rental history.
      801-& 803 Henry Street, Gretna, VA 24557
      View Details
    • $425,000
      10,004 SF

      Mixed-Use Investment Opportunity, Gretna, VA

      Two-story property with retail space and seven residential units.
      201 S Main Street, Gretna, VA 24557
      View Details
    • $425,000
      10,004 SF

      Mixed-Use Property in Gretna, VA

      Two-story building with retail space and residential units.
      201 S Main Street, Gretna, VA 24557
      View Details
    • $269,900
      1,786 SF

      Charming Home with Picturesque Setting

      Charming home on 2.93 acres with Amish building.
      10188 Stage Coach Road, Gretna, VA 24557
      View Details
    • $149,000

      Waterfront Lot on Leesville Lake

      Nearly one-acre waterfront lot with 300 feet of lake frontage.
      0 WATERVIEW CT, GRETNA, VA 24557
      View Details
    • $149,900
      1,050 SF

      Gretna Multifamily Investment Opportunity

      Three parcels with two mobile homes, ideal for rental income.
      1981-& 2037 Piney Grove Road, Gretna, VA 24557
      View Details
    • $320,000

      76 Acres with Creek Access

      Land with mountain views and direct access to Old Woman's Creek.
      Paisley Road, Gretna, VA 24557
      View Details
    • $20,000

      Waterfront Lot on Leesville Lake

      1.2-acre waterfront lot with 215 feet of water frontage.
      0-Lot 32 Crestview Lane, Gretna, VA 24557
      View Details
    • $1,073,000

      Sprawling Estate with Historic Charm

      110+/- acre estate with two homes and multiple outbuildings.
      2632 Paisley Rd, Gretna, VA 24557
      View Details
    • $29,000

      Gretna, VA Buildable Lot

      3-acre lot in Gretna, Virginia, ideal for custom home.
      Rockford School Rd, Gretna, VA 24557
      View Details
    • $14,999

      Gretna, VA Land For Sale

      1.64 acre lot near Leesville Lake and Hwy 29.
      Gallows Road, Gretna, VA 24557
      View Details
    • $29,000

      Gretna, VA Buildable Lot

      3-acre lot in Gretna, Virginia, ideal for custom home.
      Rockford School Rd, Gretna, VA 24557
      View Details

    FAQs

    What type of property is this?
    Land - 103.86 acres of land bordered by Bannister River.
    Where is this land located?
    The property is located at 937 White Fall Road Gretna, VA.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: Great road frontage; Beautiful land with Bannister River border; Black Creek and Allen Creek on the land
    (434) 239-2121
    We can help!
    Listing Contact
    Glenn D Whorley
    Real Estate License ID: 0225104774
    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!