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    N Pne Rd, Unit 3 Huddleston, VA 24104

    View on Map
    Sponsored
    For Sale
    $725,000

    LAND - Huddleston, VA

    Lot size:
    0.64 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 22 at 12:06 am

    Property Features for N Pne Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SFR
    APN
    RPC#25715600
    Lot size
    0.64 Acres

    Utilities

    Water source
    Private
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    EDNA WOOD

    Three Sisters Corporation Salem dba Wainwright & Co. - REALTORS

    Listing agent EDNA JAMIESON WOOD

    Listing date Mar 16, 2026

    MLS# 924092

    Copyright © 2026 Roanoke Valley 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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Land with Dock

    This build-ready waterfront lot at Smith Mountain Lake offers 0.64+/- acres with approximately 110 feet of dockable shoreline and wide water views. It is located in a desirable area just beyond Smith Mountain Lake State Park, with Mariners Landing Resort Community, golf, dining, and Parkway Marina minutes away. The property conveys with a valid 4-bedroom septic permit, professionally designed custom home plans, and a defined building site. A new stationary dock, large storage shed, and recent survey add value. With no HOA restrictions and short-term rentals permitted, this waterfront property is suited for a private lake retreat, full-time residence, or investment opportunity. It is positioned minutes from Mariners Landing Golf Resort, dining, and recreational amenities. On-site improvements include a brand-new stationary dock and a large storage shed. The property offers flexibility ideal for full-time living, a weekend escape, or an income-producing luxury investment. Smith Mountain Lake spans 40 miles with over 500 miles of shoreline, pristine waters, and year-round boating. Nearby hiking and a 50-mile bike trail provide access to Smith Mountain Lake State Park. The Roanoke Valley and Virginia's Blue Ridge offer outdoor adventure with over 1,000 miles of trails for hiking, biking, climbing, and paddling.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Huddleston
    County
    Bedford
    State
    Virginia
    Longitude
    -79.582066
    Latitude
    37.062159

    Nearby Similar for Sale

    • $399,000
      2,284 SF

      New Duplex Under Construction

      New duplex in Huddleston, estimated completion March 1, 2026.
      2266 Smith Mountain Lake Pkwy, Huddleston, VA 24104
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Build-ready waterfront lot with dock on Smith Mountain Lake.
    Where is this waterfront land located?
    The property is located at N Pne Rd, Unit 3 Huddleston, VA.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Build-ready waterfront lot with .64 acres and **110 feet of dockable shoreline offering stunning wide water views** on Smith Mountain Lake.; - **Valid 4-bedroom septic permit** and professionally designed custom home plans included (or bring your own) on a clearly defined building site.; - **New stationary dock and large storage shed already in place**, adding immediate value and convenience.
    (540) 520-0168
    Request Owner's contact information
    N Pne Rd, Unit 3 Huddleston, VA 24104
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    Huddleston, VA 24104
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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
    N Pne Rd, Unit 3 Huddleston, VA 24104
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    EDNA WOOD
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