Sign Up Successful!
You now have access to more from Realmo!
    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

    Lk Pointe Dr Abingdon, VA 24210

    Sponsored
    For Sale
    $159,900

    LAND - Abingdon, VA

    Lot size:
    6.44 Acres
    Days on Market:
    165
    Last Refresh:
    Jan 24 at 10:06 pm

    Property Features for Lk Pointe Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SR
    APN
    167 7 10
    Lot size
    6.44 Acres

    Utilities

    Utilities
    Electricity Available
    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Kevin Pope

    MATT SMITH REALTY (276) 477-1500

    Listing agent Kevin Pope (276) 525-1919 License #0225257581

    Listing date Aug 13, 2025

    MLS# 9983458

    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.

    Learn more

    Property Insight Report

    Overview

    Abingdon Land with Lake Access

    This 6.44-acre lot, identified as Lot #10, is located in Lake Pointe Estates in Abingdon, VA, offering South Holston Lake access. The property is intended for residential use. The surrounding area is known for its natural environment, with frequent sightings of deer and eagles. The lot provides mountain and lake views. Underground power is in place. Restrictions and covenants apply to the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Abingdon
    County
    Washington
    State
    Virginia
    Longitude
    -82.183996
    Latitude
    36.727741

    Nearby Similar for Sale

    • New
      $190,000
      1,564 SF

      Move-in Ready Steel-Frame Building

      Steel-frame building constructed in 2020, move-in ready or can be modified.
      19462 Lee Hwy, Abingdon, VA 24210
      View Details
    • $275,000
      2,400 SF

      Abingdon Commercial Property For Sale

      Commercial property in Abingdon, Virginia, with high visibility and accessibility.
      121 NW Russell Rd, Abingdon, VA 24210
      View Details
    • $349,000
      1,700 SF

      Turnkey Restaurant with Outdoor Seating

      Restaurant with equipment, indoor/outdoor seating, and ample parking.
      13509 Porterfield Hwy, Abingdon, VA 24210
      View Details
    • $689,900
      2,490 SF

      Abingdon Medical Office Building

      Well-maintained medical office near historic Abingdon with ample parking.
      612 Campus Dr, Abingdon, VA 24210
      View Details
    • $119,900
      1,709 SF

      Charming Rock House with Garage

      Multi-use property with open floor plan and garage/storage building.
      1290 West Main St, Abingdon, VA 24210
      View Details
    • $824,000
      6,730 SF

      Historic Parks Mill Property

      Historic property with multiple structures, ideal for events and tourism.
      21405 Parks Mill Rd, Abingdon, VA 24211
      View Details
    • $999,000

      Turn-Key Restaurant in Historic Abingdon

      Ready-to-operate restaurant with historic charm in a prime location.
      231 W Main St, Abingdon, VA 24210
      View Details
    • $599,000
      7,526 SF

      Signalized Corner Commercial Building

      High-visibility commercial building on a signalized corner.
      15856 Porterfield Hwy, Abingdon, VA 24210
      View Details
    • $3,100,775
      2,443 SF

      Retail Space For Sale

      Retail space available with a 10-year lease.
      970 E Main St, Abingdon, VA 24210
      View Details
    • $160,000
      891 SF

      301-355 Falls Dr NW, Abingdon, VA

      Office space • 891 SF
      301-355 Falls Dr NW, Abingdon, VA 24210
      View Details
    • $6,200,000
      87,000 SF

      Retail Property in Abingdon, VA

      Retail property available for sale in Abingdon, Virginia.
      16100 Porterfield Hwy, Abingdon, VA 24210
      View Details
    • $499,000
      11,724 SF

      Abingdon Commercial Building - Prime Location

      High-visibility Abingdon commercial space, priced below assessment.
      15157 Inspiration Dr Dr, Abingdon, VA 24210
      View Details

    FAQs

    What type of property is this?
    Land - Residential land with lake access and mountain views in Abingdon.
    Where is this land located?
    The property is located at Lk Pointe Dr Abingdon, VA.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - South Holston Lake Access; - Enjoy Mountain and Lake Views; - Underground Power in Place
    (276) 608-6572
    Request Owner's contact information
    Lk Pointe Dr Abingdon, VA 24210
    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.
    Lk Pointe Dr
    Abingdon, VA 24210
    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
    Lk Pointe Dr Abingdon, VA 24210
    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

    We can help!
    Listing Contact
    Kevin Pope
    Real Estate License ID: 0225257581
    (276) 608-6572
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.