Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Building Lots on South Holston Title is generated by Realmo AI

    Lake Bend Court Lot 30, Abingdon, VA 24211

    View on Map
    Claim this Listing
    Picture of Waterfront Land at Lake Bend Court Lot 30, Abingdon, VA
    For Sale
    $140,500

    LAND - Abingdon, VA

    Lot size:
    2.15 Acres
    Added:
    Mar 10, 2020
    Days on Market:
    2266
    Last Refresh:
    May 23 at 10:06 am

    Property Features for Lake Bend Court Lot 30

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SR
    Standard status
    Active
    APN
    167-7-30
    Lot size
    2.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    221

    Utilities

    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Douglas Callebs
    Douglas Callebs

    Listing agent Douglas Callebs License #0225057252

    Listing office Callebs Realty 201 W Main Street, VA

    Listing date Mar 10, 2020

    MLS# 9905708 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

    • Lakefront property on South Holston Lake.
    • Located within a professionally designed 135+ acre subdivision.
    • Wooded lots with cleared meadows.
    • Approved for on‑site sewage disposal and buried utilities (subject to final permitting).
    • Close proximity to downtown Abingdon (15‑20 minutes).
    • Subject to recorded covenants, conditions, restrictions, and easements.

    Overview

    These waterfront building lots are situated within a professionally designed subdivision spanning over 135 acres. Located on the shores of South Holston Lake, the property is approximately 15-20 minutes from downtown Abingdon. The lots are wooded, with many featuring cleared meadows and lake frontage. A professionally prepared survey plat has been recorded, with lots approved for on-site sewage disposal and buried utilities, subject to final permitting. Each lot requires its own well. The lots are subject to a declaration of covenants, conditions, restrictions, and easements that have been recorded. An Owners Association will be established for architectural control and potential assessments for street and other maintenance. As of March 2020, the association had not yet been established. The property is zoned SR. This lot is 2.15 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Abingdon
    County
    Washington
    State
    Virginia
    Longitude
    -81.9625
    Latitude
    36.6937

    Nearby Similar for Sale

    • $389,000
      1,564 SF

      Move-In Ready Commercial Building

      Steel-frame building on 0.77 acres, suitable for various businesses.
      19462 Lee Highway, Abingdon, VA 24210
      View Details
    • $689,900
      2,490 SF

      Abingdon Office Space For Sale

      Well-maintained office building near historic Abingdon, Virginia.
      612 Campus Drive, Abingdon, VA 24210
      View Details
    • $1,495,000
      2,160 SF

      Abingdon Farmland with Creeper Trail

      45-acre Abingdon property with river frontage and tourism potential.
      21570 Alvarado Road, Abingdon, VA 24211
      View Details
    • $1,390,000
      43,560 SF

      Commercial Land Near Exit 19

      Commercial property with high visibility and traffic flow near amenities.
      24443 Lee Highway, Abingdon, VA 24210
      View Details
    • $129,000
      822 SF

      Abingdon Commercial Space For Sale

      822 sq ft commercial unit in Abingdon, Virginia.
      355 Falls Drive, Abingdon, VA 24210
      View Details
    • $400,000

      Farmland with Barn and Ponds

      24-acre farmland featuring a barn, ponds, and abundant wildlife.
      27070 Shortsville Road, Abingdon, VA 24210
      View Details
    • $80,000

      Abingdon VA Building Lot

      1.5-acre building lot with mountain and water views.
      Yeary Trail lot: 119, Abingdon, VA 24210
      View Details
    • $1,495,000

      Virginia Creeper Trail Land

      45-acre property with recreational, income, and development potential.
      21570 Alvarado Road lot: 49, Abingdon, VA 24211
      View Details
    • $475,000

      Secluded Lakefront Property in Abingdon

      Rare 3.63-acre lakefront property with mountain views near Abingdon.
      Mandalay Lane, Abingdon, VA 24211
      View Details
    • $495,000

      Secluded Lakefront Property in Abingdon

      Rare 4.49-acre lakefront property with mountain views near Abingdon.
      Mandalay Lane lot: 52A1a, Abingdon, VA 24211
      View Details
    • $475,000

      Secluded Lakefront Property in Abingdon

      Rare 3.63-acre lakefront property with mountain views near Abingdon.
      Mandalay Lane lot: 0, Abingdon, VA 24211
      View Details
    • $80,000

      Abingdon Land with Mountain Views

      1.5-acre building lot with mountain and water views.
      Yeary Trail lot: 119, Abingdon, VA 24210
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront building lots on South Holston Lake near Abingdon.
    Where is this waterfront land located?
    The property is located at Lake Bend Court Lot 30 Abingdon, VA.
    What is the asking price?
    The asking price for this property is $140,500.
    What are key features of this property?
    This property features: Lakefront property on South Holston Lake.; Located within a professionally designed 135+ acre subdivision.; Wooded lots with cleared meadows.
    (276) 492-6653
    We can help!
    Listing Contact
    Douglas Callebs
    Douglas Callebs
    Real Estate License ID: 0225057252
    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
    Lake Bend Court, Lot 30, Abingdon, VA 24211
    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!