Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Creek Front Mountain Retreat Title is generated by Realmo AI

    557 Burkes Ford Rd, Dugspur, VA 24325

    View on Map
    Claim this Listing
    New
    For Sale
    $749,000

    MULTI_FAMILY - Dugspur, VA

    Property size:
    1,764 SF
    Lot size:
    1.76 Acres
    Price / SF:
    $424/SF
    Added:
    May 16, 2026
    Days on Market:
    1
    Last Refresh:
    May 16 at 8:06 pm

    Property Features for 557 Burkes Ford Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Window features
    Insulated Windows
    Interior features
    Cathedral Ceiling(s)
    Exterior features
    Garden
    Fencing
    Fenced
    Fireplace
    1
    Basement
    Crawl Space
    Appliances
    Range, Dishwasher, Refrigerator, Washer, Dryer, Electric Water Heater, 1 Bdrm-Washer/Dryer, 1 Bdrm-Dishwasher, 1 Bdrm-Stove, 1 Bdrm-Refrigerator
    Standard status
    Active
    Size
    1,764 SF
    Lot size
    1.76 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    798

    Utilities

    Utilities
    Propane
    Sewer type
    Shared Septic
    Heating system
    Propane (Heating), Wood
    Cooling system
    Ductless, Zoned
    Water source
    Well
    Water front features
    Creek, Stream
    Water front
    1

    Building Details

    Year built
    2022
    Number of units
    2
    Flooring type
    Wood, Vinyl, Carpet
    Building materials
    Wood Siding
    Roof type
    Metal
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Elaine Smith

    Listing agent Elaine Smith License #0225239057

    Listing office BHHS- Mountain Sky Properties-Hillsville 445 W Stuart Drive, Bland, VA

    Listing date May 16, 2026

    MLS# 110144 Listing URL

    Copyright © 2026 Southwest Virginia Association 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

    • Creekfront property with approximately 350 feet of frontage on Burks Fork Creek, a native trout stream
    • Two well‑maintained homes on 1.757 acres, offering combined living space and potential rental income
    • Prime location in the Blue Ridge Mountains, close to hiking trails, the Blue Ridge Parkway, and Buffalo Mountain
    • Enjoy outdoor living spaces including decks, hot tub, covered porch, outdoor shower, Viking gas grill, and private walking trails
    • Separate, fully insulated 12x16 office/bungalow, ideal for remote work or creative space
    • Modern amenities including stainless steel appliances, fireplace with gas‑log insert, Jacuzzi tub, and ductless cooling

    Overview

    Located in the Blue Ridge Mountains, this 1.757-acre property offers privacy, natural beauty, and modern comfort. The property includes approximately 350 feet of frontage on Burks Fork Creek. The estate features two homes. The first residence, "The A-Frame," offers approximately 954 square feet of living space with two bedrooms and one bath. It includes a fully equipped kitchen with stainless steel appliances, a laundry area, and a fireplace with gas-log insert and remote control. There is a 450-square-foot deck overlooking Burks Fork Creek, a hot tub, landscaping, patios, and private walking trails. A second-floor loft porch provides another vantage point. The second residence, "The Cottage," offers approximately 810 square feet with an open-concept floor plan, one bedroom, a loft library, and a main bath with Jacuzzi tub. Outdoor living includes a large covered porch, a 190-square-foot deck with arbor, an outdoor shower, a gas hookup, a Viking outdoor gas grill, and an attached 300-square-foot garage. A spring-fed tributary stream runs beside the cottage. Additional improvements include a fully insulated 12x16 office/bungalow featuring spray foam insulation, wrap around desks, shelving, lighting, and electric service.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Dugspur
    County
    Carroll
    State
    Virginia
    Longitude
    -80.5691548
    Latitude
    36.7861986

    Nearby Similar for Sale

    • $499,500

      82 Acres Farm Ready

      82.459 acre farm with pasture and wooded land.
      Dugspur Rd. lot: 1, Dugspur, VA 24352
      View Details
    • $279,900

      Dugspur Farm with Pond

      30.6-acre farm featuring road frontage, pond, and countryside views.
      Poplar Hill Drive lot: 0, Dugspur, VA 24325
      View Details
    • $279,900

      40-Acre Working Farm in Dugspur

      Working farm with fencing, water sources, and subdivision potential.
      Dugpsur Road lot: 0, Dugspur, VA 24325
      View Details

    FAQs

    What type of property is this?
    Single family property - Two homes on 1.757 acres with creek frontage.
    Where is this single family property located?
    The property is located at 557 Burkes Ford Rd Dugspur, VA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Creekfront property with approximately 350 feet of frontage on Burks Fork Creek, a native trout stream; Two well‑maintained homes on 1.757 acres, offering combined living space and potential rental income; Prime location in the Blue Ridge Mountains, close to hiking trails, the Blue Ridge Parkway, and Buffalo Mountain
    (540) 315-0155
    We can help!
    Listing Contact
    Elaine Smith
    Real Estate License ID: 0225239057
    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
    557 Burkes Ford Rd, Dugspur, VA 24325
    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!