Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fishersville Commercial Land For Sale Title is generated by Realmo AI

    Lot M-12 IVY RIDGE LN, Fishersville, VA 22939

    View on Map
    Claim this Listing
    For Sale
    $399,900

    Commercial - FISHERSVILLE, VA

    Lot size:
    1.92 Acres
    Added:
    Jul 6, 2023
    Days on Market:
    1042
    Last Refresh:
    May 12 at 10:06 pm

    Property Features for Lot M-12 IVY RIDGE LN

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GB General Business
    Standard status
    Active
    Lot size
    1.92 Acres

    Taxes and HOA fees

    Tax Annual Amount
    849.24

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    HANNAH SHIELDS WOOD

    Listing agent HANNAH SHIELDS WOOD

    Listing office AUGUSTA REALTY GROUP 2014 GOOSE CREEK RD. STE 102, WAYNESBORO, VA

    Listing date Jul 6, 2023

    MLS# 643388 Listing URL

    Copyright © 2026 Greater Augusta 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

    • Located across from the newly constructed Amazon facility.
    • Zoned general business and ready for development.
    • Convenient access to Interstate 81 and 64 (Exit 91).
    • Proximity to Sheetz, the newly built 7‑11, and Augusta Health.
    • Located in an area of new growth in Fishersville.
    • Option to purchase with adjoining property Lot C‑1 (MLS #643385).

    Overview

    This 1.92-acre commercial land is for sale in a growing area of Fishersville, Virginia. Zoned for general business, the lot is ready for development. It is located off Tinkling Spring Road (Route 608), on the right side of Ivy Ridge Lane, and directly across the street from the newly constructed Amazon facility. The property is also situated down the road from a Sheetz and a newly built 7-11, and is in close proximity to Augusta Health. It offers convenient access to the Interstate 81 and 64 interchange (Exit 91). The property can be purchased with the adjoining property Lot C-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Building Supply Big Box & Wholesale Store Hair Salon Dental Office Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishersville
    County
    Augusta
    State
    Virginia
    Longitude
    -78.9941709
    Latitude
    38.0773885

    Nearby Similar for Sale

    • $689,000
      3,332 SF

      Income-Producing Building in Fishersville, VA

      Historic, remodeled professional building with immediate cash flow.
      30 LADD RD, FISHERSVILLE, VA 22939
      View Details
    • $652,000
      3,348 SF

      Stand-Alone Office/Retail Property

      Office/retail property with ample parking in a commercial corridor.
      13 LONG MEADOW RD, FISHERSVILLE, VA 22939
      View Details
    • $699,000

      Prime Commercial Land Opportunity

      Commercial land in a rapidly growing area with development potential.
      Lot 34 TINKLING SPRING RD, FISHERSVILLE, VA 22939
      View Details
    • $800,000

      Commercial Land Near I-64/I-81

      Commercial lot near I-64 and I-81, suitable for various uses.
      TBD6 LADD RD, FISHERSVILLE, VA 22939
      View Details
    • $850,000

      Commercial Lot Near I-64/I-81

      Commercial lot in high-demand area near I-64 and I-81.
      TBD7 LADD RD, FISHERSVILLE, VA 22939
      View Details
    • $2,000,000
      34,709 SF

      Industrial Property Near Augusta Health

      Industrial-zoned property with multiple buildings near I-64 and Augusta Health.
      183 MULE ACADEMY RD, FISHERSVILLE, VA 22939
      View Details
    • $689,000
      3,332 SF

      Historic Manor-Style Professional Building

      Income-producing, fully leased building in Fishersville's commercial corridor.
      30 LADD RD, Fishersville, VA 22939
      View Details
    • $549,900
      2,150 SF

      Versatile Commercial Space in Fishersville

      2,150 sq ft commercial space ideal for various businesses.
      1425 JEFFERSON HWY, FISHERSVILLE, VA 22939
      View Details
    • $499,900
      5,614 SF

      Commercial Property Near Interstate 64

      Commercial property with warehouse and potential for multiple rental units.
      35 TINKLING SPRING RD, Fishersville, VA 22939
      View Details
    • $549,000

      Fishersville Commercial Land Opportunity

      Prime commercial land parcel in a rapidly growing Fishersville area.
      Lot 35 TINKLING SPRING RD, FISHERSVILLE, VA 22939
      View Details
    • $652,000
      3,348 SF

      Stand-Alone Office/Retail Property For Sale

      Office/retail property with ample parking and additional land available.
      13 LONG MEADOW RD, Fishersville, VA 22939
      View Details
    • $349,900

      Commercial Land Near Augusta Health

      Commercial land in prime location near hospital and I-64.
      TBD PINNACLE DR, FISHERSVILLE, VA 22939
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in growing area, near Amazon, Sheetz, 7-11.
    Where is this commercial land located?
    The property is located at Lot M-12 IVY RIDGE LN Fishersville, VA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Located across from the newly constructed Amazon facility.; Zoned general business and ready for development.; Convenient access to Interstate 81 and 64 (Exit 91).
    (540) 649-0376
    We can help!
    Listing Contact
    HANNAH SHIELDS WOOD
    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
    Lot M-12 IVY RIDGE LN, FISHERSVILLE, VA 22939
    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!