Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Buildable Mountain-View Land Lots Title is generated by Realmo AI

    SPITZ Lane, Basye, VA 22810

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $91,200

    LAND - BASYE, VA

    Lot size:
    0.80 Acres
    Added:
    Dec 20, 2025
    Days on Market:
    166
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for SPITZ Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    40

    Utilities

    Water front features
    Navigable Water

    We can help!

    Listing Contact
    Ann Hundley

    Listing agent Ann Hundley

    Listing office Skyline Team Real Estate 917 Susan Avenue, Woodstock, VA

    Listing date Dec 20, 2025

    MLS# VASH2013232 Listing URL

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

    HighLights

    • 3 buildable lots with mountain views and gently sloping terrain
    • Direct access to a scenic hiking trail that circles Lake Laura
    • Navigable water access noted via Navigable Water waterfront feature
    • No HOA restrictions
    • Zoned R3, grandfathered setbacks: 35 ft front, 10 ft sides, 25 ft rear
    • No minimum lot size required by zoning (per provided remarks)

    Overview

    The offering consists of three buildable, gently sloping lots with mountain views. The property provides no HOA restrictions. Zoning is listed as R3, with grandfathered setbacks specified as 35 feet front, 10 feet sides, and 25 feet rear. Lot lines shown on the photos are approximate, and the information also notes that there is no minimum lot size required by zoning due to the grandfathering.

    The lots are located in Basye, Virginia in Shenandoah County, on Spitz Lane, and are described as being near Bryce Resort. The remarks further describe direct access to a scenic hiking trail that circles Lake Laura, along with proximity to resort amenities and year-round activities associated with Bryce Resort.

    This is a practical fit for buyers looking to build a vacation home, a year-round residence, or to pursue short-term rental usage, given the buildable configuration and no-HOA limitation. The stated grandfathered setbacks and lack of a minimum lot size requirement support a straightforward path to planning improvements within the provided dimensional parameters.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Basye
    County
    Shenandoah
    State
    Virginia
    Longitude
    -78.7975868
    Latitude
    38.8025905

    Nearby Similar for Sale

    • $165,000

      Buildable Lots Near Bryce Resort

      2.87 acres of buildable land near Bryce Resort.
      KING Street, BASYE, VA 22810
      View Details
    • $19,998

      Residential Lot Near Golf Course

      0.275 acre wooded lot near resort amenities.
      LEE lot: 161, BASYE, VA 22810
      View Details
    • $7,500

      Bryce Resort Building Lot

      Residential lot in Bryce Resort community with utilities available.
      TBD FAIRWAY DR, BASYE, VA 22810
      View Details
    • $18,500

      Land in Basye Resort Heart

      0.3-acre lot with mountain views in Basye, Virginia.
      FAIRWAY Drive lot: 31, BASYE, VA 22810
      View Details
    • $7,500

      Residential Land in Basye, Virginia

      Residential land lot with mountain views in Basye, Virginia.
      VALLEY VIEW, BASYE, VA 22810
      View Details
    • $11,500

      Serene 0.42-Acre Land Parcel

      Dream sanctuary on 0.42 acres near Bryce Resort.
      ANDERSON Road, BASYE, VA 22810
      View Details
    • $24,500

      Land in Basye Resort

      0.57-acre lot with mountain views in Basye, Virginia.
      FAIRWAY Avenue lot: 30, BASYE, VA 22810
      View Details
    • $15,000

      Bryce Resort Building Lot

      Gently sloping building lot at Bryce Resort.
      LOT 187 SANDPIPER DR., BASYE, VA 22810
      View Details
    • $35,000

      Land for Sale

      Land available for purchase.
      Lot 142 Crooked Run, BASYE, VA 22810
      View Details
    • $35,000

      Land For Sale

      Land available for purchase.
      Lot 143 Crooked Run, BASYE, VA 22810
      View Details
    • $35,000

      Land for Sale

      Land available for purchase.
      Lot 333 Sycamore Rd, BASYE, VA 22810
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three gently sloping lots with mountain views near Bryce Resort, offered with no HOA and grandfathered zoning setbacks.
    Where is this residential land & home lot located?
    The property is located at SPITZ Lane Basye, VA.
    What is the asking price?
    The asking price for this property is $91,200.
    What are key features of this property?
    This property features: 3 buildable lots with mountain views and gently sloping terrain; Direct access to a scenic hiking trail that circles Lake Laura; Navigable water access noted via Navigable Water waterfront feature
    (540) 672-8654
    We can help!
    Listing Contact
    Ann Hundley
    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
    SPITZ Lane, BASYE, VA 22810
    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!