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    Luxury Mountain Homestead with Maple Operation Title is generated by Realmo AI

    737 Little Egypt Road Monterey, Monterey, VA 24465

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    For Sale
    $1,390,000

    85-acre farm with custom timber frame home and maple syrup operation.

    Type:Land
    Property size:
    85 SF
    Price / SF:
    $16,352/SF
    Added:
    Sep 25, 2025
    Days on Market:
    251
    Last Refresh:
    Apr 9 at 8:11 pm

    Property Features for 737 Little Egypt Road Monterey

    General Information

    Standard status
    Active
    Size
    85 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Chuck Neely

    Listing agent Chuck Neely

    Listing office

    Listing date Sep 25, 2025

    Source Nationalland

    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 Chuck Neely

    HighLights

    • 85‑acre mountain homestead with unmatched privacy and natural beauty in Highland County.
    • Custom 4,000 sq ft timber frame home with 4 bedrooms, 3 full baths, and 2 half baths, built with high‑quality materials and artisan touches.
    • Turnkey commercial maple syrup operation with 250 taps, gardens, and an orchard.
    • Includes a 25x25 woodworking shop equipped with top‑end tools and various equipment like a Kubota UTV, Kubota Tractor, and maple syrup production equipment.
    • Features 55 acres of mature hardwood forests with rideable trail systems and open meadows for hay production.
    • Located near Lake Moomaw, Warm Springs/Hot Springs resort areas, and Snowshoe ski resort.

    Overview

    Maple Ridge Farm is an 85-acre property in Highland County featuring a custom timber frame home. The 4,000 square foot home includes 4 bedrooms, 3 full baths, and 2 half baths. Constructed with hand-pitched eastern white pine timber frame, the home features 10-inch poured concrete and I Beam foundation walls, radiant floor heating, Generac backup power systems, mini split heating and cooling, an outdoor wood furnace, a gourmet kitchen on the main level and a full kitchen on the lower level, and maple and butternut hardwood flooring. The property includes gardens, an orchard, and a commercial maple syrup operation with 250 taps. A 25x25 woodworking shop is equipped with tools. The land consists of 55 acres of mature hardwood forests with maple, oak, and poplar, featuring rideable trail systems. The remaining acreage is open meadows used for hay production. Wildlife includes deer, turkey, bear, and grouse. Included with the property are a Kubota UTV, Kubota Tractor and implements, maple syrup production equipment, wood splitter, and an electric golf cart. Located in the Little Egypt area of Highland County, it is 20 minutes to Monterey and Lake Moomaw, 30 minutes to the Warm Springs/Hot Springs resort areas, and 45 minutes to Snowshoe ski resort. The property can serve as a working farm or family retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Monterey
    County
    Highland
    State
    Virginia
    Longitude
    -79.7456459
    Latitude
    38.2506316

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    FAQs

    What type of property is this?
    Farm - 85-acre farm with custom timber frame home and maple syrup operation.
    Where is this farm located?
    The property is located at 737 Little Egypt Road Monterey Monterey, VA.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: 85‑acre mountain homestead with unmatched privacy and natural beauty in Highland County.; Custom **4,000 sq ft timber frame home** with 4 bedrooms, 3 full baths, and 2 half baths, built with high‑quality materials and artisan touches.; Turnkey commercial maple syrup operation with 250 taps, gardens, and an orchard.
    (804) 229-3497
    We can help!
    Listing Contact
    Chuck Neely
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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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