Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Virginia Wine Country Land Title is generated by Realmo AI

    4204 Old Fincastle Rd Lot 2, Fincastle, VA 24090

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    32-acre land parcel in the heart of Virginia wine country.

    Type:Land
    Lot size:
    32.43 Acres
    Added:
    May 14, 2026
    Days on Market:
    14
    Last Refresh:
    May 16 at 8:45 pm

    Property Features for 4204 Old Fincastle Rd Lot 2

    General Information

    Standard status
    Active
    Lot size
    32.43 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Casey Reynolds
    Casey Reynolds

    Listing agent Casey Reynolds License #VA 0225217447

    Listing office National Land Realty Richmond

    Listing date May 14, 2026

    Source Crexi

    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 National Land Realty Richmond

    HighLights

    • Prime location directly beside the renowned Virginia Mountain Vineyard
    • Exceptional potential for vineyard expansion, hospitality development, or creating a private estate
    • Strategic investment with limitless potential
    • Ideal for expanding overnight accommodations
    • Includes a natural gas line easement, supporting future development flexibility
    • Potential to create and sell premium homesites with mountain views

    Overview

    This 32-acre tract is positioned beside the Virginia Mountain Vineyard, presenting an opportunity for expansion or development in Virginia wine country. The property's proximity to an established winery, tasting room, and event venue offers potential for future value and destination development. The acreage is suited for planting new vines, allowing control over varietals, layout, and farming practices. The land can accommodate a boutique vineyard, a private estate, or lodging to meet the region’s demand for upscale wine-country stays. The location beside a vineyard may strengthen long-term value and enhance event-driven revenue opportunities. The parcel is a strategic investment with potential for vineyard development, hospitality expansion, or a winery experience. It is ideal for expanding overnight accommodations to complement the existing winery and event venue. The property also offers additional space to grow weddings, festivals, and agritourism experiences, plant more grapevines, increase production capacity, and add food or tasting amenities. There is potential to create and sell premium homesites with mountain views. The property includes a natural gas line easement, supporting future development flexibility.
    Location Intelligence

    Current Use by Public Records

    Vineyards

    Map

    City
    Fincastle
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.881255
    Latitude
    37.5698335

    Nearby Similar for Sale

    • $290,000

      Fincastle Land with Road Frontage

      11.36 acres with road frontage and existing dwellings.
      3770 Blue Ridge Tpke, Fincastle, VA 24090
      View Details
    • $405,273
      88,862 SF

      Multifamily Property in Fincastle, VA

      Multifamily property with a mix of occupied and vacant units.
      579-581 Botetourt Road, Fincastle, VA 24090
      View Details
    • $55,000

      Residential Land in Fincastle, VA

      Over 1 acre of land ready for your dream home.
      Frontier Way lot: 7, Fincastle, VA 24090
      View Details
    • $60,000

      Residential Land in Fincastle, VA

      Over 1 acre of land ready for custom build.
      Frontier Way lot: 29, Fincastle, VA 24090
      View Details
    • $195,000

      Commercial Land Ready For Development

      Commercial land for development with utilities and high visibility.
      323 Madine Way, Fincastle, VA, 24090
      View Details
    • $79,950

      Land in Fincastle, Virginia

      2.62 acres of pasture land near Blue Ridge Parkway.
      Fincastle, VA 24090
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 32-acre land parcel in the heart of Virginia wine country.
    Where is this agricultural land / farmland located?
    The property is located at 4204 Old Fincastle Rd Lot 2 Fincastle, VA.
    What are key features of this property?
    This property features: Prime location directly beside the renowned Virginia Mountain Vineyard; Exceptional potential for vineyard expansion, hospitality development, or creating a private estate; Strategic investment with limitless potential
    (540) 577-4249 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Casey Reynolds
    Casey Reynolds
    Real Estate License ID: VA 0225217447
    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
    4204 Old Fincastle Rd Lot 2, Fincastle, VA 24090
    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!