Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Resort Cul-de-Sac Lot Title is generated by Realmo AI

    12 DRIPPING ROCK LN, Wintergreen Resort, VA 22967

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - WINTERGREEN RESORT, VA

    Lot size:
    0.48 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 12 DRIPPING ROCK LN

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11Z1-A-99
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    CHESTNUT SPRINGS, 11Z1-A-99
    Tax Annual Amount
    130

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    YVETTE STAFFORD
    YVETTE STAFFORD

    Listing agent YVETTE STAFFORD License #0225141519

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

    Listing date Mar 31, 2026

    MLS# 675094 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.

    HighLights

    • Wooded lot in a small cul‑de‑sac on Dripping Rock Ln at Wintergreen Resort
    • Utilities available: public water and public sewer
    • Within the Firefly Fiber Internet service area

    Overview

    This wooded residential lot is tucked away in a small cul-de-sac at 12 Dripping Rock Ln within Wintergreen Resort. The property offers a natural setting well-suited for those looking to build in a resort community, with approximately 0.48 acres of land to work with.

    The lot is positioned for convenience to Wintergreen Resort amenities. It is also located within the Firefly Fiber Internet service area. Beyond the resort itself, it sits near the Nelson 151 agri-tourism corridor, described as featuring wineries, breweries, and distilleries.

    For buyers seeking a quiet place to build, this lot provides a straightforward, wooded foundation in a low-traffic cul-de-sac setting. Its location within a resort environment and access to Firefly Fiber may be helpful for residential planning, whether your priority is comfortable day-to-day connectivity or creating a home that fits into the resort lifestyle.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wintergreen Resort
    County
    Nelson
    State
    Virginia
    Longitude
    -78.937512
    Latitude
    37.931881

    Nearby Similar for Sale

    • $175,000

      Mountain View Cul-de-Sac Lot

      Build-ready homesite with underground utilities, central water and sewer, and fiber available on a quiet cul-de-sac.
      211 CHESTNUT PL lot: 16, WINTERGREEN RESORT, VA 22967
      View Details
    • $50,000

      Mountain Residential Lot with Rock Ledge

      Nearly level lot with electric, fiber access, and public water/sewer, plus private cul-de-sac access and natural rock formations.
      462 DEER SPRINGS LN lot: 101, WINTERGREEN RESORT, VA 22967
      View Details
    • $41,000

      Wintergreen Resort Building Site

      Building site with seasonal views in Wintergreen Resort, Virginia.
      433 LAUREL SPRINGS DR, Wintergreen Resort, VA 22967
      View Details
    • $29,000

      Wooded Lot at Wintergreen Resort

      Wooded lot convenient to resort amenities and Nelson 151.
      12 DRIPPING ROCK LN, Wintergreen Resort, VA 22967
      View Details
    • $59,900

      Level Residential Lot in Resort Setting

      Build-ready, level lot with mature hardwoods in a quiet cul-de-sac, near resort amenities and trails.
      25 POLL AXE LN, WINTERGREEN RESORT, VA 22967
      View Details
    • $89,987

      Wintergreen Resort Building Lots

      Building lots in Wintergreen Resort with access to premier amenities.
      00 BLACKROCK CIR, WINTERGREEN RESORT, VA 22967
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential building site in a quiet cul-de-sac within Wintergreen Resort area, serviced by Firefly Fiber.
    Where is this residential land & home lot located?
    The property is located at 12 DRIPPING ROCK LN Wintergreen Resort, VA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Wooded lot in a small cul‑de‑sac on Dripping Rock Ln at Wintergreen Resort; Utilities available: public water and public sewer; Within the Firefly Fiber Internet service area
    (434) 760-4181
    We can help!
    Listing Contact
    YVETTE STAFFORD
    YVETTE STAFFORD
    Real Estate License ID: 0225141519
    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
    12 DRIPPING ROCK LN, WINTERGREEN RESORT, VA 22967
    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!