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

    15799 STROOPTOWN RD Timberville, VA 22853

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $245,000

    8.186-acre parcel with river frontage and open fields.

    Type:Land
    Lot size:
    8.19 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 22 at 3:02 am

    Property Features for 15799 STROOPTOWN RD

    General Information

    Standard status
    Active
    Lot size
    8.19 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    MICHAEL BENDER

    Listing agent MICHAEL BENDER

    Listing office

    Listing date Apr 22, 2026

    Source Elliman

    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 MICHAEL BENDER

    Overview

    Riverfront Acreage Near Broadway, Virginia

    Located just outside of Broadway, Virginia, this 8.186-acre parcel features over 250 feet of frontage on Strooptown Road. Approximately 4 acres of open field sit atop a gently sloping hill, offering views of Brocks Gap to the west and the Massanutten range to the east. The remainder of the property gently slopes downward through a timbered hillside until meeting over 450 feet of river frontage on the North Fork of the Shenandoah River. The topography of this property provides potential home sites, while still having access to recreational activities. The field portion of the property has previously been utilized for row crop production offering the possibility for continued pasture, crops, gardens and more. A recent survey is on file.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Pet Store Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Timberville
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.8245369
    Latitude
    38.628383

    Nearby Similar for Sale

    • $390,000
      11,437 SF

      Versatile Warehouse in Timberville, VA

      11,437 sqft warehouse on 1.85 acres, multiple uses.
      180 HOLLAR CIR, TIMBERVILLE, VA 22853
      View Details
    • $349,000
      10,356 SF

      Timberville Mixed-Use Commercial Building

      Versatile 10,356 SF building with mixed-use possibilities.
      164 ORCHARD DR, TIMBERVILLE, VA 22853
      View Details
    • $500,000

      50 Acres in Shenandoah Valley

      50-acre agricultural property in Timberville, VA, with mountain views.
      0 NEIGHBORS LN, TIMBERVILLE, VA 22853
      View Details
    • $900,000

      Timberville Land Investment Opportunity

      17+/- acre lot near amenities, ideal for development or estate.
      0 NEW MARKET RD, TIMBERVILLE, VA 22853
      View Details
    • $599,000

      Pasture Land with Open Views

      58.81 acres of pasture land ideal for cattle grazing.
      0000 Orchard Drive, Timberville, VA 22853
      View Details
    • $114,900

      Pastoral Hill Top Building Site

      6.1 acre building site with mountain views, perked for septic.
      TBD KNUPP RD, TIMBERVILLE, VA 22853
      View Details
    • $84,000

      Residential Lot with Views

      0.92 acre lot with utilities and development potential.
      CHURCH Street lot: E, TIMBERVILLE, VA 22853
      View Details
    • $500,000

      Land with Valley and Mountain Views

      10.22 acre tract suitable for residential, farming, or agricultural business.
      CHURCH Street lot: A, TIMBERVILLE, VA 22853
      View Details
    • $60,000

      Timberville Duplex Lot For Sale

      Conditionally approved duplex lot in Timberville, easy street access.
      000 COMMUNITY CIR, TIMBERVILLE, VA 22853
      View Details
    • $95,000

      Residential Lot with Mountain Views

      0.774 acre lot with mountain views and mature trees.
      HIGH Street lot: C, TIMBERVILLE, VA 22853
      View Details
    • $1,395,000
      6,923 SF

      Retail Property For Sale

      Retail property with long operating history in Timberville, VA.
      14105 Timber Way, Timberville, VA 22853
      View Details
    • $467,225

      Residential Land in Timberville, VA

      19.1 acres of land suitable for single-family development.
      19.1 acres AMERICAN LEGION DR, TIMBERVILLE, VA 22853
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 8.186-acre parcel with river frontage and open fields.
    Where is this waterfront land located?
    The property is located at 15799 STROOPTOWN RD Timberville, VA.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Sweeping views of Brocks Gap and the Massanutten range.; Enjoy 450+ feet of river frontage on the North Fork of the Shenandoah River.; 8.186 acre parcel with approximately 4 acres of open field.
    (540) 820-0321
    We can help!
    Listing Contact
    MICHAEL BENDER
    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!