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    Nursery Greenhouse & Barn Property Title is generated by Realmo AI

    1356 Coopers Cove Road, Hardy, VA 24101

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    For Sale
    $2,150,000

    COMMERCIAL - Hardy, VA

    Lot size:
    5.15 Acres
    Added:
    Apr 1, 2025
    Days on Market:
    431
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 1356 Coopers Cove Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    5.15 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Rt 681 - Coopers Cove Rd
    Tax Annual Amount
    2135

    Utilities

    Water source
    Well

    Building Details

    Year built
    1963

    We can help!

    Listing Contact
    Paige Williams

    Listing agent Paige Williams

    Listing office Keller Williams New River Valley 100 Arbor Dr. Suite 102, Roanoke, VA

    Listing date Apr 1, 2025

    MLS# 423631

    Copyright © 2026 New River Valley 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

    • On 5+ acres in Hardy, VA, featuring 9 fully operational greenhouses
    • Walter's Greenhouse business includes a 3‑story barn on the property
    • Includes a 5‑bedroom, 4‑bath home for owner‑occupant or rental use
    • Water source is a well
    • Home year built is 1963

    Overview

    Walter's Greenhouse for sale includes nine fully operational greenhouses and a three-story barn, supporting ongoing nursery and garden operations on the property. The offering is also supported by a 5-bedroom, 4-bathroom home with substantial living space, positioned on more than 5 acres. The residence can work for an owner-occupant who wants to live on site or for a separate lodging setup, depending on how the buyer chooses to operate the property.

    Located at 1356 Coopers Cove Road in Hardy, Virginia (Franklin County), the site is set on a sizable tract designed to accommodate greenhouse production and day-to-day business needs. The property is being offered as a complete package that combines the commercial greenhouse operation with the on-site homestead.

    This is a practical fit for a buyer seeking a ready-to-operate greenhouse and nursery business with both production facilities and an on-site home. For owner-operators, the configuration provides the ability to manage daily operations from the property. For investors or operators, the included residence offers an additional use option alongside the greenhouse complex, with the entire asset retained on one contiguous site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walter's Greenhouse Garden Center

    Suggested Use

    Kitchen & Bath Showroom Garden Center Veterinary Clinic Plumbing Service Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hardy
    County
    Franklin
    State
    Virginia
    Longitude
    -79.8590246
    Latitude
    37.2100065

    Nearby Similar for Sale

    • $3,990,000
      17,718 SF

      Wellness Center Near Smith Mountain Lake

      Purpose-built wellness center near Smith Mountain Lake with expansion.
      157 Westlake Road, Hardy, VA 24101
      View Details
    • $2,150,000

      Established Greenhouse Business For Sale

      Thriving 40-year-old greenhouse business on 5+ acres in Hardy, Virginia.
      1356 Coopers Cove Road, Hardy, VA 24101
      View Details
    • $749,900

      Smith Mountain Lake Waterfront Acreage

      95 acres with 3,300 feet of Smith Mountain Lake frontage.
      3718 Hardy RD, Hardy, VA 24101
      View Details

    FAQs

    What type of property is this?
    Nursery and garden center - For sale in Hardy, VA: an operating greenhouse property with multiple production structures and an on-site residence.
    Where is this nursery and garden center located?
    The property is located at 1356 Coopers Cove Road Hardy, VA.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: On 5+ acres in Hardy, VA, featuring 9 fully operational greenhouses; Walter's Greenhouse business includes a 3‑story barn on the property; Includes a 5‑bedroom, 4‑bath home for owner‑occupant or rental use
    (540) 679-7620
    We can help!
    Listing Contact
    Paige Williams
    Request Owner's contact information
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    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.

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