Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    94 Riverbend Lane Gladstone, VA 24533

    View on Map
    Claim this Listing
    For Sale
    $79,000

    LAND - Gladstone, VA

    Lot size:
    10.90 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    100
    Last Refresh:
    May 7 at 2:06 am

    Property Features for 94 Riverbend Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Ag
    Standard status
    Active
    APN
    97-2-16A
    Lot size
    10.90 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Bear Davidson

    Listing agent Bear Davidson

    Listing office United Country Virginia Realty P.O. Box 655 405 Virginia Avenue, Clarksville, VA

    Listing date Jan 27, 2026

    MLS# 71776 Listing URL

    Copyright © 2026 Southern Piedmont Land & Lake 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.

    HighLights

    • Large 10.9 acre corner lot with significant road frontage.
    • Excellent visibility and access at the intersection of Rt 60 & Riverbend Ln.
    • Flexible options for residential build sites.
    • Conveniently located 30 minutes from Lynchburg's city amenities.
    • Proximity to the James River for recreational activities.
    • Electricity available.

    Overview

    Corner Tract in Nelson County

    This 10.9-acre corner tract in Nelson County offers road frontage and visibility just outside of Gladstone. Located at the intersection of Rt 60 (Richmond Hwy) and Riverbend Ln, the property features nearly 1,200 feet of frontage on Rt 60 and roughly 600 feet of frontage on Riverbend Ln, offering options for residential build sites. The property is situated within reach of local amenities and regional destinations. Lynchburg is located 30 minutes southwest, offering city conveniences, shopping, dining, and healthcare. Amherst is a short drive west, known for its small-town charm. Lovingston, the county seat, is 20 miles away and hosts a growing wine and culinary scene, local events, and community culture. The property is near the James River, where fishing, paddling, tubing, and scenic riverside access are available. Nearby state parks, hiking trails, and scenic byways provide year-round recreation and exploration. This property is suitable for a peaceful country lifestyle, an outdoor-oriented retreat, or a future investment parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Gladstone
    County
    Nelson
    State
    Virginia
    Longitude
    -78.836071
    Latitude
    37.557676

    Nearby Similar for Sale

    • $623,900

      186 Acres in Bent Creek

      186.4 acres in Gladstone, VA with timber investment potential.
      REDBIRD DR, GLADSTONE, VA 24553
      View Details
    • $425,000
      2,160 SF

      Gladstone, VA Retail Opportunity

      Country store with gas, grocery, and lottery near James River.
      2626 W James Anderson Hwy, Gladstone, VA 24553
      View Details
    • $389,900

      100 Acre Wooded Land Tract

      Wooded 100 acre tract ideal for recreation or building.
      West James Anderson Hwy, Gladstone, VA 24553
      View Details
    • $759,000

      206 Acres of Hunting Land

      206 acres with mountain views, streams, and hunting potential.
      Norwood Rd, Gladstone, VA 24553
      View Details
    • $28,000

      2.5 Acre Buildable Wooded Lot

      Vacant 2.5 acre wooded lot in Buckingham County, VA.
      949 AUSTINS RD, GLADSTONE, VA 24553
      View Details
    • $109,995

      Cabin on Wooded Land

      Cabin on 12.19 acres, ideal for hunting or getaway.
      Cabin Lane, Gladstone, VA 24553
      View Details
    • $14,000

      Residential Land in Gladstone, VA

      1.61 acre lot suitable for a 3-bedroom home.
      Oakville Road, Gladstone, VA 24553
      View Details
    • $425,000

      Nelson County Land Opportunity

      105 acres in Nelson County with development potential.
      1300 Greenfield Drive, Gladstone, VA 24553
      View Details
    • $389,900

      100 Acre Wooded Land Tract

      100 acre wooded tract ideal for recreation or building.
      100 Ac W JAMES ANDERSON Hwy, Gladstone, VA 24553
      View Details
    • $389,900

      Land Parcel on Route 60

      100-acre surveyed land parcel on Route 60.
      4809 W James Anderson Highway, Gladstone, VA 24553
      View Details
    • $759,000
      9,002,502 SF

      206 Acres in Nelson County

      206 acres with mountain views, streams, and hunting.
      0 5150 Norwood Road, Gladstone, VA 24553
      View Details
    • $39,500

      5-Acre Wooded Building Lot

      5.2-acre partially wooded lot with road frontage and stream.
      6872 W JAMES ANDERSON HWY, GLADSTONE, VA 24553
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10.9 acre corner lot with road frontage and visibility.
    Where is this agricultural land / farmland located?
    The property is located at 94 Riverbend Lane Gladstone, VA.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: Large 10.9 acre corner lot with significant road frontage.; Excellent visibility and access at the intersection of Rt 60 & Riverbend Ln.; Flexible options for residential build sites.
    (540) 687-0050
    We can help!
    Listing Contact
    Bear Davidson
    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

    Thank You for Inquiry
    94 Riverbend Lane, Gladstone, VA 24533
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!