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

    Tbd Stonewood Trace Lexington, VA 24450

    View on Map
    Claim this Listing
    For Sale
    $249,000

    Residential - Lexington, VA

    Lot size:
    3.09 Acres
    Added:
    Dec 1, 2025
    Days on Market:
    141
    Last Refresh:
    Apr 21 at 10:06 am

    Property Features for Tbd Stonewood Trace

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    3.09 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    517

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kara F. Braddick
    Kara F. Braddick

    Listing agent Kara F. Braddick

    Listing office Real Broker LLC 1765 Greensboro Sta Pl, Suite 900, McLean, VA 22102, McLean, VA

    Listing date Dec 1, 2025

    MLS# 139700 Listing URL

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

    Overview

    Lexington Residential Land with Views

    This 3.09-acre residential building lot offers a setting for a home with long-range mountain views. The gently sloping and wide-open parcel provides privacy while remaining a short distance from downtown Lexington, offering convenient access to amenities. This property is intended for residential use, providing space and serenity. It offers a setting to experience all four seasons.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lexington
    County
    Lexington
    State
    Virginia
    Longitude
    -79.5193
    Latitude
    37.7866

    Nearby Similar for Sale

    • $439,900
      1,800 SF

      Lexington Duplex Near Downtown

      Duplex in Lexington, walking distance to downtown, investment opportunity.
      220 S Main St, Lexington, VA 24450
      View Details
    • $300,000
      1,485 SF

      37.5 Acres with Cabin

      37.5 acres with partially finished cabin near Lexington, VA.
      3441 W MIDLAND TRL, LEXINGTON, VA 24450
      View Details
    • $300,000

      37.5 Acres Agricultural Land

      37.5 acres suitable for livestock, crops, or timber.
      3441 W MIDLAND TRL, LEXINGTON, VA 24450
      View Details
    • $69,900

      Residential Land in Lexington, VA

      Large cul-de-sac lot in desirable Lexington neighborhood.
      Lot 2 CORA LN, Lexington, VA 24450
      View Details
    • $69,900

      Residential Lot in Lexington, VA

      Residential lot in Lexington with neighborhood amenities and views.
      Lot 2 CORA LN, LEXINGTON, VA 24450
      View Details
    • $100,000

      Lexington Residential Land Opportunity

      Nearly six-acre residential parcel near downtown Lexington.
      Lot 3 Forest Hill View, Lexington, VA 24450
      View Details
    • $395,000

      50 Acres Near Downtown Lexington

      50-acre property near Lexington with creek, views, and privacy.
      50 Acres Jacktown Rd, Lexington, VA 24450
      View Details
    • $299,000

      Mountain Wilderness Recreational Land

      134+ acres of mountain wilderness in Rockbridge County, Virginia.
      134 Ac. - South Buffalo Rd, Lexington, VA 24450
      View Details
    • $124,500

      Residential Lot with Mountain Views

      Oversized residential lot with mountain views near Lexington's attractions.
      Tbd Rose Crest Ln, Lexington, VA 24450
      View Details
    • $425,000

      Prime Commercial Land Near I-81

      4.12-acre commercial parcel near I-81, Lexington, VA.
      4.12 Ac. - Boundary Line Ln, Lexington, VA 24450
      View Details
    • $425,000

      Prime Commercial Site Near I-81

      4.121-acre commercial parcel near I-81 Exit 195.
      4.12 Ac. Boundary Line Ln, Lexington, VA 24450
      View Details
    • $95,000

      Residential Land in Buckland

      4.5 acre residential building lot in Lexington, Virginia.
      Tbd Buckland Dr, Lexington, VA 24450
      View Details

    FAQs

    What type of property is this?
    Land - 3-acre building lot with mountain views near downtown Lexington.
    Where is this land located?
    The property is located at Tbd Stonewood Trace Lexington, VA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Spectacular, long‑range mountain views.; 3‑acre building lot provides ample space and privacy.; Gently sloping and wide open parcel is ideal for building.
    (540) 460-0484
    We can help!
    Listing Contact
    Kara F. Braddick
    Kara F. Braddick
    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!