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

    WALNUT GROVE LN Lovingston, VA 22949

    View on Map
    Claim this Listing
    Pending
    $180,000

    Building Lots - LOVINGSTON, VA

    Lot size:
    50.00 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    97
    Last Refresh:
    Apr 21 at 5:06 pm

    Property Features for WALNUT GROVE LN

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1 Agricultural
    Standard status
    Pending
    APN
    45 A 26
    Lot size
    50.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    146

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MARLO ALLEN
    MARLO ALLEN

    Listing agent MARLO ALLEN License #0225083760

    Listing office MOUNTAIN AREA NEST REALTY 2788 Rockfish Valley Hwy, Charlottesville, VA

    Listing date Jan 14, 2026

    MLS# 672471 Listing URL

    Copyright © 2026 Charlottesville Area 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.

    Overview

    50 Acres with Mountain Views

    This 50-acre property offers mountain views and privacy, without homeowner association restrictions. Zoned for agricultural use, the land permits farm animals. The wooded acreage is suitable for hunting and recreational use. The location provides fiber optic internet access and is approximately 1.5 miles from Route 29, facilitating commutes to Charlottesville or Lynchburg. The town of Lovingston, with groceries, dining, and banking, is within 10 minutes. The property has forestry land use for tax savings and an existing old road bed. A deeded right of way connects Walnut Grove Ln to Old Ridge Rd.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Lovingston
    County
    Nelson
    State
    Virginia
    Longitude
    -78.838002
    Latitude
    37.811216

    Nearby Similar for Sale

    • $700,000
      4,279 SF

      Turnkey Store, Gas, Restaurant For Sale

      Established convenience store, gas station, and restaurant with apartment.
      10761 THOMAS NELSON HWY, LOVINGSTON, VA 22949
      View Details
    • $700,000
      4,279 SF

      Turnkey Store, Gas, and Restaurant

      Established convenience store, gas station, and restaurant with apartment.
      10761 THOMAS NELSON HWY, Lovingston, VA 22949
      View Details
    • $99,999

      Scenic Acreage with Flowing Creek

      5-acre parcel with creek, ideal for home or retreat.
      PERRY LANE, LOVINGSTON, VA 22949
      View Details
    • $119,999

      LOVINGSTON, VA Building Lots

      10.97 acre lot perfect for building or hunting.
      TBD DAVIS CREEK LN, LOVINGSTON, VA 22949
      View Details
    • $161,000

      Recreational Land with Mountain Views

      49.3 acres of recreational land with mountain views.
      TBD RIDGE ST, LOVINGSTON, VA 22949
      View Details
    • $199,000

      Lovingston Mountain Property For Sale

      47.06 acres of A-1 zoned land near Lovingston, Virginia.
      TBD PEACEFUL LN, LOVINGSTON, VA 22949
      View Details
    • $299,999
      2,568 SF

      Historical Farmhouse on 35 Acres

      Historical farmhouse on 35 acres with commercial potential.
      31 ORCHARD RD, Lovingston, VA 22949
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Agricultural land with mountain views, privacy, and convenient location.
    Where is this agricultural land / farmland located?
    The property is located at WALNUT GROVE LN Lovingston, VA.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 50 acres with MOUNTAIN VIEWS and no HOA for unrestricted living.; Zoned agricultural, permitting farm animals.; Convenient location: 1.5 miles to Route 29, fiber optic internet, and 10 minutes to Lovingston.
    (434) 996-3525
    We can help!
    Listing Contact
    MARLO ALLEN
    MARLO ALLEN
    Real Estate License ID: 0225083760
    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!