Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Serenity Ridge Land with Mountain Views Title is generated by Realmo AI

    2 Acres Coffey Hill Dr, Buena Vista, VA 24416

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    Recreation,Residential - Buena Vista, VA

    Lot size:
    2.05 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    14
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 2 Acres Coffey Hill Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Pending
    Lot size
    2.05 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    68

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Black
    Jeff Black

    Listing agent Jeff Black

    Listing office Lexington Real Estate Connection 31 S Main St, Lexington, VA 24450, Lexington, VA

    Listing date Apr 30, 2026

    MLS# 139984 Listing URL

    Copyright © 2026 Rockbridge Highlands 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

    • Stunning views of the Blue Ridge Mountains.
    • 2‑acre property ideal for off‑grid living, RV camping, or a small home.
    • Cleared land ready for development.
    • Perk‑approved for building.
    • Circular driveway for easy RV parking.
    • Conveniently located near the South River, Blue Ridge Parkway, Appalachian Trail, and George Washington National Forest.

    Overview

    This 2.05-acre property at Serenity Ridge offers views of the Blue Ridge Mountains. The scenic lot is suitable for an off-grid cabin, RV camping, or a small home. A circular driveway is already in place for easy RV parking, and the land is cleared and ready for development. The property is perk-approved and conveniently located near the South River for fishing, the Blue Ridge Parkway, the Appalachian Trail, and the George Washington National Forest. It is located in Buena Vista, VA.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Buena Vista
    County
    Buena Vista
    State
    Virginia
    Longitude
    -79.3484
    Latitude
    37.7309

    Nearby Similar for Sale

    • $459,000
      12,055 SF

      Buena Vista Commercial Building Opportunity

      Commercial building in the heart of Buena Vista, endless possibilities.
      141 & 149 W 21st St, Buena Vista, VA 24416
      View Details
    • $572,500

      28.32 Acres in Buena Vista

      28.32 wooded acres ideal for brewery or commercial business.
      4600 Green Forest Ave, Buena Vista, VA 24416
      View Details
    • $179,900

      Commercial Land in Growing Buena

      Highly visible commercial building site in growing Buena Vista.
      Tbd W Sycamore Ave, Buena Vista, VA 24416
      View Details
    • $275,000
      2,804 SF

      Buena Vista Multifamily Investment Opportunity

      Four units with strong rental history in desirable Buena Vista.
      2165 Oak Ave, Buena Vista, VA 24416
      View Details
    • $70,000

      Land with Building Solution

      4.26 acres ready for building with utilities in place.
      615 Stoney Run Road, Buena Vista, VA 24416
      View Details
    • $34,950

      Blue Ridge Mountain Retreat Land

      4.28 acres of land near Blue Ridge Parkway.
      00 ELDERBERRY Ln, Buena Vista, VA 24416
      View Details
    • Contact for pricing

      Former Sawmill Facility For Sale

      Large industrial site with office and warehouses, close to I-81.
      757 Linden Avenue, Buena Vista, VA 24416
      View Details
    • $99,800

      Residential Land with Mountain Views

      15.4-acre property with building sites and mountain views.
      15.4 Acres Stoney Run Rd, Buena Vista, VA 24416
      View Details
    • Contact for pricing
      81,400 SF

      Former Sawmill Facility For Lease

      Industrial site with warehouses, office, and fenced lot available for lease.
      750 Linden Ave, Buena Vista, VA
      View Details
    • $1,500,000

      Moomaws Hydroelectric Power Station For Sale

      Hydroelectric power station on the Maury River in Buena Vista.
      1 Bontex Dr, Buena Vista, VA
      View Details
    • Contact for pricing
      81,400 SF

      Former Sawmill Facility For Sale

      Large industrial site with office and warehouse buildings, I-81 access.
      757 Linden Ave, Buena Vista, VA 24416
      View Details
    • $595,000

      Prime Commercial Land For Sale

      High-traffic location ideal for hotel, retail, or mixed-use development.
      Forge Rd, Buena Vista, VA 24416
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre property near Blue Ridge Parkway, suitable for off-grid living.
    Where is this residential land & home lot located?
    The property is located at 2 Acres Coffey Hill Dr Buena Vista, 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: Stunning views of the Blue Ridge Mountains.; 2‑acre property ideal for off‑grid living, RV camping, or a small home.; Cleared land ready for development.
    (540) 958-0189
    We can help!
    Listing Contact
    Jeff Black
    Jeff Black
    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
    2 Acres Coffey Hill Dr, Buena Vista, VA 24416
    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!