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    9783 Port Republic Rd Port Republic, VA 24471

    Sponsored
    Picture of Specialty properties at Port Republic Rd 9783, Port Republic, VA
    For Sale
    $201,400

    Farm / Farmhouse, House (Detached) - Port Republic, VA

    Type:Farm
    Property size:
    1,990 SF
    Lot size:
    1.05 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 4 at 11:06 am

    Property Features for 9783 Port Republic Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    300
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Den, Dining Room, Living Room
    Bedrooms
    3
    Bathrooms
    1
    APN
    152-A-46B
    Parking features
    Garage
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer
    Size
    1,990 SF
    Lot size
    1.05 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air, Heat Pump (Heating), Propane (Heating), Wood (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Laminate
    Architectural style
    Other

    We can help!

    Listing Contact
    Josh Puffenbarger

    Allied Auctioneers & Associates LLC (540) 421-5007

    Listing agent Josh Puffenbarger (540) 421-5007

    Listing date Jan 22, 2026

    MLS# 11634115 Listing URL

    Copyright © 2026 My State MLS. 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

    Property Insight Report

    Overview

    Farmhouse on Acreage Near Harrisonburg

    This two-story, vinyl-sided farmhouse, built in the early 1900s, is situated on approximately 1 acre in a rural setting surrounded by agricultural land, minutes from Harrisonburg. The property features 3 bedrooms and 1 bathroom (with plumbing framed over for a second bathroom to create office space). The main level includes an eat-in kitchen with appliances and a rustic breakfast bar, a living room with original hardwood floors, a library, a dining room with a wood stove, and a utility room with a water heater and washer/dryer hookup. The upper level contains three bedrooms with closets. Heating is provided by a propane forced air system with electric baseboard upstairs, and cooling is provided by central air conditioning. Outbuildings include a two-car garage with a double entry driveway, a former apartment building with a fireplace and full bathroom with space for an apartment-sized kitchen, and three additional storage buildings. The property has undergone partial renovation and is a work in progress, featuring a renovated kitchen with appliances, laminate flooring on the main level, and carpet upstairs. It has well and conventional septic (tank recently pumped). The property has over 200 feet of road frontage and is zoned A2. It is located 9.6 miles from I-81, 7.5 miles from the hospital, and 8 miles from Walmart. The 2025 tax assessment is $201,400, with annual real estate taxes of $1370.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Kitchen & Bath Showroom Plumbing Service Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Republic
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.810978
    Latitude
    38.307504

    FAQs

    What type of property is this?
    Specialty property - Two-story farmhouse on approximately one acre in a rural setting.
    Where is this specialty property located?
    The property is located at 9783 Port Republic Rd Port Republic, VA.
    What is the asking price?
    The asking price for this property is $201,400.
    What are key features of this property?
    This property features: - Auction format allows potential buyers to set the purchase price, starting from a low bid of $50,000.; - 1990 sq. ft. farmhouse on 1 acre in a rural setting minutes from Harrisonburg.; - Includes a two-car garage and multiple outbuildings, one of which is a former apartment with a full bathroom.
    (540) 421-5007
    Request Owner's contact information
    9783 Port Republic Rd Port Republic, VA 24471
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    Port Republic, VA 24471
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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.

    More about this property
    9783 Port Republic Rd Port Republic, VA 24471
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    We can help!
    Listing Contact
    Josh Puffenbarger
    (540) 421-5007
    Learn more
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