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    Unfinished Home with Income Potential Title is generated by Realmo AI

    2695 BETHEL CHURCH RD, Green Bay, VA 23942

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    Claim this Listing
    For Sale
    $255,000

    SINGLE_FAMILY - Greenbay, VA

    Type:Farm
    Property size:
    632 SF
    Lot size:
    1.67 Acres
    Price / SF:
    $403/SF
    Added:
    Mar 31, 2026
    Days on Market:
    54
    Last Refresh:
    May 23 at 12:06 am

    Property Features for 2695 BETHEL CHURCH RD

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    7
    Bathrooms
    5
    Rooms
    Bathroom 5, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 5, Basement, Bedroom 3, Bathroom 3
    Window features
    Vinyl Frames
    Exterior features
    Gravel Drive, Gravel Road
    Basement
    Full
    Standard status
    Active
    Size
    632 SF
    Lot size
    1.67 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2007
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Chaney
    Kelly Chaney

    Listing agent Kelly Chaney

    Listing office Southern VA Realty 117 A. S Main Street, VA

    Listing date Mar 31, 2026

    MLS# 141868 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

    • Main house with nearly 4000 sq ft, 6 bedrooms, 5 baths, 3 levels, and walk‑out basement offers significant potential for customization
    • Includes a move‑in ready 632 sq ft, 2‑bedroom garage apartment with appliances
    • Features a separate tiny home/guest house, also with appliances
    • Metal roof provides durability and longevity
    • Two‑car garage/workshop with water and electric
    • Peaceful country setting

    Overview

    This unique property in a peaceful country setting features an unfinished home with significant potential. The main house, spanning nearly 4000 square feet across three levels with a walk-out basement, is designed to accommodate at least six bedrooms and five bathrooms. Architectural details include a large stone fireplace, a metal roof, and multiple porches. The property also includes a two-car garage/workshop equipped with water and electricity. Attached to the garage is a move-in-ready, 632-square-foot apartment with two bedrooms and appliances. Additionally, there is a guest house on the 1.67-acre lot. With planning and effort, this property could be transformed into an incredible home with income-producing potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Green Bay
    County
    Prince Edward
    State
    Virginia
    Longitude
    -78.25969
    Latitude
    37.105133

    FAQs

    What type of property is this?
    Farm - Unfinished home with garage apartment and tiny home on 1.67 acres.
    Where is this farm located?
    The property is located at 2695 BETHEL CHURCH RD Green Bay, VA.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: Main house with nearly 4000 sq ft, 6 bedrooms, 5 baths, 3 levels, and walk‑out basement offers significant potential for customization; Includes a move‑in ready 632 sq ft, 2‑bedroom garage apartment with appliances; Features a separate tiny home/guest house, also with appliances
    (434) 480-0905
    We can help!
    Listing Contact
    Kelly Chaney
    Kelly Chaney
    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.

    More about this property
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    2695 BETHEL CHURCH RD, Greenbay, VA 23942
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