Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    192 Opus Lane Amherst Amherst, VA 24521

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $800,000

    93-acre recreational property with multiple dwellings and outbuildings near a lake.

    Type:RECREATIONAL
    Added:
    Sep 25, 2025
    Days on Market:
    217
    Last Refresh:
    Apr 6 at 12:51 am

    Property Features for 192 Opus Lane Amherst

    General Information

    Standard status
    Active
    Property subtype
    RECREATIONAL

    We can help!

    Listing Contact
    Barry Suttles
    Barry Suttles

    Listing agent Barry Suttles License #0225214327

    Listing office Cottonwood Commercial LLC

    Listing date Sep 25, 2025

    Source Tcnworldwide

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cottonwood Commercial LLC

    Overview

    Amherst Lakeside Recreational Property

    This 93-acre recreational property in Amherst features three dwellings and several outbuildings. Located lakeside, the property offers opportunities for investment or creating a family compound. The existing structures require renovation and are suited for someone with a vision for the property's potential. The site is ideal for recreational activities such as hunting, fishing, four-wheeling, and hiking, with abundant wildlife and a peaceful environment. The property could serve as a private retreat with the potential to rent out some of the homes for income. It is located in Amherst, Virginia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Amherst
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1877
    Latitude
    37.6092

    Nearby Similar for Sale

    • $319,500

      Amherst County Recreational and Timber Land

      63.9-acre parcel for recreation, homesite, or timber investment.
      63 Sugar Hill Tunnel Road, Amherst, VA 24521
      View Details
    • $100,000

      Serene 20 Acres in Amherst

      Beautiful 20-acre tract in Amherst County, perfect for recreation.
      Larkin Mountain, Amherst, VA 24521
      View Details
    • $119,900

      Amherst Land with Mountain Views

      24.3 acres in Amherst, perfect for building your dream home.
      Puppy Creek, Amherst, VA 24521
      View Details
    • $49,900

      Amherst Land Ready To Build

      1.61 acres in the heart of Amherst, Virginia.
      Ridge Drive, Amherst, VA 24521
      View Details
    • $319,900

      Secluded Wooded Land Near National Forest

      43-acre wooded property with privacy and access to recreation.
      0 North Fork Road, Amherst, VA 24521
      View Details
    • $135,000

      Amherst Acreage with River Frontage

      10.34 acres in Amherst County with Buffalo River frontage.
      Rocky Creek Ln Lot 12, Amherst, VA 24553
      View Details
    • $1,399,900

      Amherst County Land with River Frontage

      173 acres in Amherst County with Buffalo River frontage.
      0 North Forks Road, Amherst, VA 24521
      View Details
    • $829,900

      92+ Acres on Buffalo River

      92+ acres with Buffalo River frontage adjoining National Forest.
      0 North Fork Rd 93.32 Acres, Amherst, VA 24521
      View Details
    • $269,900

      Amherst Land with Mountain Views

      60.57 acres with mountain views near Appalachian Trail.
      0 Mount Horeb Road, Amherst, VA 24521
      View Details
    • $529,900
      3,165 SF

      Historic Farmhouse in Amherst, Virginia

      225-year-old historic farmhouse with modern upgrades on a 1-acre lot.
      260 N Main Street, Amherst, VA 24521
      View Details
    • $49,900

      Amherst, VA Buildable Land

      4.54 acre lot perfect for building your dream home.
      Roses Mill Rd, Amherst, VA 24521
      View Details
    • $750,000

      Amherst County Agricultural Aviation Retreat

      73-acre property with private airstrip, river frontage, and hangar.
      273 AIRSPORTS DR, AMHERST, VA 24521
      View Details

    FAQs

    What type of property is this?
    Recreation land - 93-acre recreational property with multiple dwellings and outbuildings near a lake.
    Where is this recreation land located?
    The property is located at 192 Opus Lane Amherst Amherst, VA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 93 +/- acres of land.; Three dwellings on the property offer potential for rental income.; Lakeside location in Amherst.
    (540) 246-5666
    We can help!
    Listing Contact
    Barry Suttles
    Barry Suttles
    Real Estate License ID: 0225214327
    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!