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 River Course Drive Radford, VA 24141

    View on Map
    New
    For Sale
    $589,000

    Land - Radford, VA

    Lot size:
    5.00 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    3
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for TBD River Course Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.00 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1258

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Darin Greear

    Listing agent Darin Greear

    Listing office Blacksburg 3681 Yellow Sulphur Road, VA

    Listing date Mar 29, 2026

    MLS# 426759 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    5 Acres in Heron's Landing

    This 5.0-acre property in Heron's Landing presents an opportunity for residential development. It is suitable for an apartment development by-right or a townhome development with a Conditional Use Permit. The property adjoins the Pete Dye River Course of Virginia Tech. Public water and public sewer access are available. The Pete Dye River Course was ranked #6 among the Top 25 Greatest College Golf Courses in America by Golf Digest (Oct/Nov 2023). The location offers views of the golf course and the New River, with potential for a high-demand residential project.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Radford
    County
    Radford
    State
    Virginia
    Longitude
    -80.5331011
    Latitude
    37.1502583

    Nearby Similar for Sale

    • $5,280,000

      Radford Commercial Property on Claytor Lake

      66.5-acre Radford property with lake frontage, event center, and cabins.
      4100 Adventure Base Road, Radford, VA 24141
      View Details
    • $1,999,999

      Radford Portfolio Near University

      Five homes near Radford University, generating approximately $12,000 monthly.
      1201 - 1217 Fairfax Street, Radford, VA 24141
      View Details
    • $569,750

      Mobile Home Portfolio For Sale

      Five single-wide homes with strong rental history in Radford, Virginia.
      6765 Lee Highway, Radford, VA 24141
      View Details
    • $185,000

      Lakefront Land in Radford, Virginia

      0.79-acre lakefront parcel with 100+ feet of shoreline.
      Martin Road lot: 2A, Radford, VA 24141
      View Details
    • $69,900

      Downtown Radford Retail Opportunity

      Storefront property in downtown Radford near Radford University.
      1087 E MAIN Street, Radford, VA 24141
      View Details
    • $120,000

      Ready-to-Build Homesite Near New River

      Homesite with well, septic, and shed near New River.
      tbd Maple Branch Road, Radford, VA 24141
      View Details
    • $15,000

      Radford Land Auction

      3.03 acres of wooded land near Radford, Virginia.
      TBD Waterworks Road, Radford, VA 24141
      View Details
    • $279,900

      Radford Church Property For Sale

      Church property with updated sanctuary, classrooms, and parking.
      301 BOLLING Street, Radford, VA 24141
      View Details
    • $69,900

      Prime Building Lot in Radford

      Building lot for dream home with utilities in Radford, VA.
      8331 SAWGRASS Way, Radford, VA 24141
      View Details
    • $89,900

      Radford Land Near Claytor Lake

      5+ acres near DeHaven Park with potential lake views.
      TBD Woods on the Lake Road, Radford, VA 24141
      View Details
    • $49,900

      Radford Land in College Park

      Building lot in Radford's desirable College Park neighborhood.
      TBD Overlook Lane, Radford, VA 24141
      View Details
    • $279,500

      Radford Land with Lake Frontage

      12+ acre Radford property with Claytor Lake frontage.
      TBD Owens Road, Radford, VA 24141
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5-acre property suitable for apartment or townhome development.
    Where is this residential land & home lot located?
    The property is located at TBD River Course Drive Radford, VA.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: 5.0 acres in Heron's Landing suitable for apartment or townhome development.; Adjoins the prestigious Pete Dye River Course of Virginia Tech.; Access to public water and public sewer.
    (888) 536-0216
    We can help!
    Listing Contact
    Darin Greear
    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!