Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Established Area Title is generated by Realmo AI

    60 Ellett Road, Christiansburg, VA 24073

    View on Map
    Claim this Listing
    Pending
    $55,000

    LAND - Christiansburg, VA

    Lot size:
    0.28 Acres
    Added:
    May 14, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 60 Ellett Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Suburban Hills LOT 48
    Tax Annual Amount
    360

    We can help!

    Listing Contact
    Amy Hudson
    Amy Hudson

    Listing agent Amy Hudson License #225037894

    Listing office RE/MAX 8 - Blacksburg 1344 N Main St., Blacksburg, VA

    Listing date May 14, 2026

    MLS# 427329 Listing URL

    Copyright © 2026 New River Valley 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.

    Overview

    This 0.28-acre building lot is located on Ellett Road in Christiansburg, Virginia, directly across from Christiansburg High School. The proposed address is 60 Ellett Rd. The layout of the lot is suitable for a walk-out basement and features a flat, usable backyard. The location provides convenient access to schools, shopping, dining, and town amenities. This property presents an opportunity to build in an established area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Christiansburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.4134023
    Latitude
    37.1465387

    Nearby Similar for Sale

    • $550,000

      Retail/Warehouse Flex Property

      Retail and heated warehouse space with finished office/showroom area and I-2 zoning, currently leased.
      1850 Palmer Street, Christiansburg, VA 24073
      View Details
    • $495,000

      Christiansburg Commercial Property For Sale

      Versatile commercial property near downtown Christiansburg, updated in 2024.
      401 Depot St NW, Christiansburg, VA 24073
      View Details
    • $2,000,000
      1,922 SF

      Prime Redevelopment Opportunity in Christiansburg

      Redevelopment opportunity in active commercial corridor near major thoroughfares.
      2405 MARKET Street, Christiansburg, VA 24073
      View Details
    • $1,100,000

      Corner Commercial Development Site

      Zoned General Business and located at a high-visibility corner with major corridor traffic.
      45 SCATTERGOOD Drive, Christiansburg, VA 24073
      View Details
    • $7,950,000

      Agricultural Zoned Development Land

      Large acreage site with public utilities and a concept plan for single-family and townhome development near major employment centers.
      Riner Road, Christiansburg, VA 24073
      View Details
    • $134,900

      Timbered Hunting Acreage

      Rolling, wooded acreage with interior access and a grassy clearing for potential recreation or food-plot use.
      3500 HAWLEY Road, Christiansburg, VA 24073
      View Details
    • $59,900

      Christiansburg Land Development Opportunity

      Nearly one acre of multi-family residential land for sale.
      TBD Radford Road, Christiansburg, VA 24073
      View Details
    • $30,000

      Recreation Land Parcel with Creek Frontage

      Multiple parcels totaling 1.29 acres with 275 feet of creek frontage; well and on-site power are required.
      2470 Yellow Sulphur Road, Christiansburg, VA 24073
      View Details
    • $489,000

      166+ Acres Near Virginia Tech

      Private acreage with views near Virginia Tech and the New River.
      TBD PEPPERS FERRY Road, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      4,281 SF

      Redevelopment Opportunity in Christiansburg, VA

      4,281 SF building on 1.21 acres, B-3 zoning.
      2115 North Franklin Street, Christiansburg, VA, 24073
      View Details
    • $29,900

      Residential Land in Christiansburg, VA

      Residential land near Virginia Tech and Radford University.
      2603 PEPPERS FRY Road, Christiansburg, VA 24073
      View Details
    • Contact for pricing
      30,800 SF

      Commercial Land Redevelopment Opportunity

      3.71 acres of commercially zoned land in Christiansburg, Virginia.
      510 Roanoke St, Christiansburg, VA 24073
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lot near schools, shopping, and town amenities.
    Where is this residential land & home lot located?
    The property is located at 60 Ellett Road Christiansburg, VA.
    What is the asking price?
    The asking price for this property is $55,000.
    (540) 320-5498
    We can help!
    Listing Contact
    Amy Hudson
    Amy Hudson
    Real Estate License ID: 225037894
    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
    60 Ellett Road, Christiansburg, VA 24073
    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!