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

    0-Tract 7 Dearing Ford Road, Altavista, VA 24517

    View on Map
    Claim this Listing
    For Sale
    $39,900

    LAND - Altavista, VA

    Lot size:
    1.31 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    111
    Last Refresh:
    May 18 at 10:06 am

    Property Features for 0-Tract 7 Dearing Ford Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-MF
    Standard status
    Active
    Lot size
    1.31 Acres

    Taxes and HOA fees

    Tax Description
    Part of Dearing Ford Rd Parcels 3 & 4

    We can help!

    Listing Contact
    Charlie A Watts II
    Charlie A Watts II

    Listing agent Charlie A Watts II License #0225086405

    Listing office Watts Auction Realty Appraisals Inc 7661 Wards RD, Rustburg, VA

    Listing date Jan 27, 2026

    MLS# 364209 Listing URL

    Copyright © 2026 Lynchburg Virginia 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

    • Zoned multi‑family, ready for development.
    • Potential for commercial rezoning.
    • Located just outside Altavista town limits.
    • Convenient to shopping.
    • Convenient to dining.
    • Development opportunity in a busy area.

    Overview

    This 1.31-acre property is zoned for multi-family use and is located just outside the town limits of Altavista, Virginia. The site offers convenient access to shopping and dining. The property is located in Campbell County. According to the listing, a potential purchaser could rezone the property for commercial use, presenting a development opportunity in a busy area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Storage Facility Veterinary Clinic Shopping Center & Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Altavista
    County
    Campbell
    State
    Virginia
    Longitude
    -79.263332
    Latitude
    37.144394

    Nearby Similar for Sale

    • $120,000

      Altavista Land with Development Potential

      3.2 acres in Altavista, suitable for residential development.
      287 Merritt Lane, Altavista, VA 24517
      View Details
    • $50,000

      Altavista Commercial Corner Lot

      Corner lot in the heart of Altavista, VA.
      0-Lot 8 MAIN STREET, Altavista, VA 24517
      View Details
    • $395,000
      7 SF

      Unique Building on Main Street

      Versatile building with parking, patio, and restaurant equipment included.
      525 Main Street Altavista, VA 24517, VA 24517
      View Details
    • $399,500

      20.74 Acre Commercial Land Tract

      20.74 acre tract with development potential near retail.
      1536 Main St, Altavista, VA
      View Details
    • $375,000

      Altavista Drive-Thru Restaurant For Sale

      Renovated drive-thru restaurant or retail space in high-traffic location.
      1040 Main St, Altavista, VA, 24517-1531
      View Details
    • $29,900

      Commercial Corner Lot in Altavista

      High-visibility corner lot suitable for various commercial uses.
      4 Broad St, Altavista, VA, 24517
      View Details
    • Contact for pricing

      Developable Pad on Main Street

      0.36 acre developable pad with high visibility.
      637 Main St, Altavista, VA
      View Details
    • $49,900

      Land in Altavista, Virginia

      8.97 acre building lot near shopping and restaurants.
      Leesville Road, Altavista, VA 24517
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.31 acre multi-family zoned land near Altavista shopping.
    Where is this commercial land located?
    The property is located at 0-Tract 7 Dearing Ford Road Altavista, VA.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Zoned multi‑family, ready for development.; Potential for commercial rezoning.; Located just outside Altavista town limits.
    (434) 821-5263
    We can help!
    Listing Contact
    Charlie A Watts II
    Charlie A Watts II
    Real Estate License ID: 0225086405
    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
    0-Tract 7 Dearing Ford Road, Altavista, VA 24517
    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!