Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wilderness Recreation Estate Near National Forest Title is generated by Realmo AI

    57 Hemlock Ridge Ln, Catawba, VA 24070

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey 100-acre estate near Jefferson National Forest, sleeps 56.

    Type:Hospitality, Special Purpose
    Property size:
    8,339 SF
    Lot size:
    100.00 Acres
    Price / SF:
    $292/SF
    Added:
    Feb 26, 2026
    Days on Market:
    86
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 57 Hemlock Ridge Ln

    General Information

    Standard status
    Active
    Size
    8,339 SF
    Lot size
    100.00 Acres
    Property subtype
    Hospitality, Special Purpose

    Building Details

    Year Built
    2010

    We can help!

    Listing Contact
    Dayna Patrick

    Listing agent Dayna Patrick License #0225074862

    Listing office RE/MAX All Stars

    Listing date Feb 26, 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 RE/MAX All Stars

    HighLights

    • 100‑acre wilderness estate adjoining Jefferson National Forest
    • Turnkey, income‑generating Airbnb Superhost property
    • Sleeps up to 56 people with 8,339 sq ft of living space
    • Diverse use potential: rentals, retreats, venue, camp, training
    • Miles of groomed trails, pond, streams, campsites
    • Convenient location: 18 miles to VA Tech/Blacksburg, 28 miles to Roanoke Airport

    Overview

    This unique 100-acre wilderness recreation estate adjoins the Jefferson National Forest in Virginia. Currently operating as an income-generating AirBnb Superhost, the property has also functioned as an outdoor survival school, youth camp, business retreat, and event venue. Designed to accommodate up to 56 people, the estate includes 8,339 square feet of space distributed among the Main Lodge, bunk rooms, cabin, garage apartment, commercial kitchen and pub, store, and a 50'x24' classroom/meeting room. Outdoor gathering and adventure areas feature a 260 square foot screened porch with a wood stove, 3,500 square feet of covered porches, a covered stage, a pond, streams, and miles of groomed trails and campsites throughout the 100 acres. Located 18 miles from VA Tech/Blacksburg and 28 miles from Roanoke Airport, the property is situated in a Land Use Conservancy and surrounded by National Forest, near the Appalachian Trail. It offers diverse use potential, including short-term rentals, business and university retreats, reunion and wedding venue, outdoor recreation camp, special-ops training, and a yoga center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mountain Shepherd Adventure ... Training Centre

    Map

    City
    Catawba
    County
    Roanoke
    State
    Virginia
    Longitude
    -80.2952831
    Latitude
    37.3591634

    Nearby Similar for Sale

    • $312,062
      3,600 SF

      Catawba Mixed-Use Commercial Complex

      Three-unit commercial complex with mixed-use zoning in Catawba, Virginia.
      2263 Catawba Valley Dr, Catawba, VA 24070
      View Details
    • $2,100,000

      Catawba Valley Equestrian Estate

      157-acre horse property with custom home and equestrian facilities.
      5600 Mount Tabor Road, Catawba, VA 24070
      View Details
    • $2,440,000
      8,339 SF

      Wilderness Recreation Estate Near Jefferson Forest

      100-acre income-generating estate near the Jefferson National Forest.
      57 Hemlock Ridge Ln, Catawba, VA 24070
      View Details
    • $2,440,000
      8,339 SF

      Wilderness Recreation Estate Near National Forest

      Turnkey, income-generating estate adjoining Jefferson National Forest.
      57 Hemlock Ridge Ln, Catawba, VA 24070
      View Details
    • $74,950

      Catawba, VA Land

      5.43 acres of land in Equestrian Hills subdivision.
      8380 Arabian Ln, Catawba, VA 24070
      View Details
    • $40,000

      Land on Trout Creek

      2.5 acre unimproved lot on Trout Creek.
      Miller Cove Rd, Catawba, VA 24070
      View Details

    FAQs

    What type of property is this?
    Hospitality property - Turnkey 100-acre estate near Jefferson National Forest, sleeps 56.
    Where is this hospitality property located?
    The property is located at 57 Hemlock Ridge Ln Catawba, VA.
    What is the asking price?
    The asking price for this property is $2,440,000.
    What are key features of this property?
    This property features: 100‑acre wilderness estate adjoining Jefferson National Forest; Turnkey, income‑generating Airbnb Superhost property; Sleeps up to 56 people with **8,339 sq ft of living space**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dayna Patrick
    Real Estate License ID: 0225074862
    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
    57 Hemlock Ridge Ln, Catawba, VA 24070
    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!