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    34-Acre Estate Parcel in Free Union Title is generated by Realmo AI

    6424 FREE UNION RD, Free Union, VA 22940

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    For Sale
    $695,000

    34-acre estate parcel with creek frontage and panoramic views.

    Type:Land or Vacant Lot
    Lot size:
    34.73 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    148
    Last Refresh:
    Apr 5 at 9:48 pm

    Property Features for 6424 FREE UNION RD

    General Information

    Standard status
    Active
    Lot size
    34.73 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    YATES MCCALLUM

    Listing agent YATES MCCALLUM License #0225228262

    Listing office FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY

    Listing date Jan 8, 2026

    Source Corcoran

    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 FRANK HARDY SOTHEBY'S INTERNATIONAL REALTY

    HighLights

    • Sweeping panoramic views from a magnificent elevated homesite on a 34‑acre estate.
    • Gorgeous frontage on Buck Mountain Creek with open bottomland, rock outcroppings, and wooded hillsides.
    • Ready for development with underground power and fiber‑optic internet available, previous soil studies on file.
    • Convenient location: 20 minutes from UVA and downtown Charlottesville, with easy access to Route 29 North.
    • Rare large parcel in the desirable Western Albemarle / Ivy Elementary district.
    • Idyllic winding entrance with a rebuilt stone bridge leading to a cleared and level building site.

    Overview

    This exceptional 34-acre estate parcel is located in the hills of Free Union and features frontage on Buck Mountain Creek. The property includes open bottomland, rock outcroppings, wooded hillsides, and an elevated homesite with panoramic views. An entrance from Free Union Road crosses a rebuilt stone bridge, leading to a cleared and level building site suitable for a home or retreat. Existing trails provide access to secondary building areas and offer potential for ATV or mountain biking. Stone fireplaces and a spring from an old cabin create a riverside pavilion area. The property is ready for development, with underground power and fiber-optic internet available. Previous soil studies are on file. It is located 20 minutes from UVA and downtown Charlottesville, with access to Route 29 North and nearby shopping and dining. Theoretical division rights may be available, pending confirmation with the county.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Free Union
    County
    Albemarle
    State
    Virginia
    Longitude
    -78.5866
    Latitude
    38.2159

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    FAQs

    What type of property is this?
    Land - 34-acre estate parcel with creek frontage and panoramic views.
    Where is this land located?
    The property is located at 6424 FREE UNION RD Free Union, VA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Sweeping panoramic views from a magnificent elevated homesite on a 34‑acre estate.; Gorgeous frontage on Buck Mountain Creek with open bottomland, rock outcroppings, and wooded hillsides.; Ready for development with underground power and fiber‑optic internet available, previous soil studies on file.
    (434) 296-0134
    We can help!
    Listing Contact
    YATES MCCALLUM
    Real Estate License ID: 0225228262
    Learn More
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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.

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