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    Spacious Ranch Home on Farmland Title is generated by Realmo AI

    218 Deer Run Rd, Blackstone, VA 23824

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    Claim this Listing
    New
    For Sale
    $525,000

    Residential/Vacation - Blackstone, VA

    Type:Farm
    Property size:
    1,971 SF
    Lot size:
    6.06 Acres
    Price / SF:
    $266/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 10:06 am

    Property Features for 218 Deer Run Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    Residential
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    2
    Parking features
    Carport
    Interior features
    Washer &/Or Dryer Hookup, Granite Countertops
    Exterior features
    Gravel Drive, Garden Space, Gravel Road, Other-see Remarks
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active
    Size
    1,971 SF
    Lot size
    6.06 Acres

    Utilities

    Heating system
    Heat Pump (Heating), See Remarks (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    Lisa Novak
    Lisa Novak

    Listing agent Lisa Novak

    Listing office eXp Realty, LLC-(NN) 11815 Fountain Way Ste 300, Clayton, VA

    Listing date May 15, 2026

    MLS# 141942 Listing URL

    Copyright © 2026 Roanoke Valley Lake Gaston Board 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

    • 6+ acre property with fruit trees and blueberry bushes, creating a small farmstead setting
    • Large workshop with power and heat, ideal for projects, storage, or hobby use
    • Bonus room with bathroom and built‑in bar, offering flexibility as an in‑law suite or recreational space
    • New roof (2023) on home and outbuildings and new water heater (2026)
    • Smart split‑bedroom layout with primary suite featuring double vanities, separate tub/shower, and walk‑in closet
    • Privacy provided by a long driveway setting the home back from the road

    Overview

    Located just outside of Blackstone, this brick ranch-style home, constructed in 1995, offers approximately 1,971 square feet of living space. The interior features a split-bedroom layout, providing privacy with the primary suite situated separately from the additional bedrooms. The primary suite includes double vanities, a separate tub and shower, and a walk-in closet. A hall bath with a tub/shower combo serves the secondary bedrooms. The kitchen provides ample counter space and storage, with a window overlooking the backyard and open land. The home features real wood flooring in some areas, with carpet in select areas. A large laundry room with exterior access adds convenience. A bonus room includes its own bathroom and a built-in bar, offering flexibility for use as a private in-law suite. Recent updates include a new roof installed in 2023 on both the home and outbuildings, and a new water heater in 2026. The home is equipped with central HVAC and a wood furnace for heating. Andersen wood windows are installed throughout. The property spans just over 6 acres, creating a small farmstead setting with mostly open land and fruit trees, including pear, plum, pecan, apple, and persimmon, as well as blueberry bushes. A long driveway provides privacy. A large workshop with power and heat, along with multiple additional outbuildings, offers space for projects, storage, or hobby use. A 2-car attached carport is also included. Internet options include T-Mobile and Starlink.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Blackstone
    County
    Nottoway
    State
    Virginia
    Longitude
    -77.9798634
    Latitude
    37.0126102

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    FAQs

    What type of property is this?
    Farm - Well-kept ranch home with flexible space on 6 acres.
    Where is this farm located?
    The property is located at 218 Deer Run Rd Blackstone, VA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 6+ acre property with fruit trees and blueberry bushes, creating a small farmstead setting; Large workshop with power and heat, ideal for projects, storage, or hobby use; Bonus room with bathroom and built‑in bar, offering flexibility as an in‑law suite or recreational space
    (571) 239-0997
    We can help!
    Listing Contact
    Lisa Novak
    Lisa Novak
    Real Estate License ID: 225227011
    Learn More
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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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