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    1801 Toms Creek Rd Blacksburg, VA 24060

    Sponsored
    For Sale
    $8,775,000

    135 Acres, Prime Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 135-acre agricultural property, located at 1801 Toms Creek Road in Blacksburg, Virginia (zip code 24060), presents a remarkable investment opportunity. Situated between Glade Road and Toms Creek Road, this expansive parcel offers unparalleled potential for various development projects, including multifamily, single-family, or mixed-use communities. Its strategic location provides convenient access to major thoroughfares, enhancing its appeal for developers seeking to create a thriving residential or mixed-use enclave. The property's versatility allows for the design of a neighborhood seamlessly blending modern amenities with the natural beauty of the surrounding area. Adjacent to The Village at Toms Creek, this land offers a unique chance to build a community that balances urban convenience with serene tranquility. The property will be resurveyed and subdivided upon contract ratification by the purchaser. Further details regarding subdivision parameters and the potential purchase of an even larger, 140+ acre tract are available upon request. The asking price for this significant landholding is $8,775,000.

    Property Features for 1801 Toms Creek Rd

    General Information

    Property type
    Farms
    Lot Size
    5,880,600 SF

    HighLights

    • 135‑acre agricultural property in Blacksburg, VA (24060), located at 1801 Toms Creek Road.
    • Exceptional development potential for multifamily, single‑family, or mixed‑use projects.
    • Convenient access to major thoroughfares.
    • Adjacent to The Village at Toms Creek.
    • Will be resurveyed and subdivided upon contract ratification.
    • Asking price: $8,775,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Blacksburg
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.4342755
    Latitude
    37.2491655

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    FAQs

    What type of property is this?
    Farm - 135 Acres, Prime Development Potential
    Where is this farm located?
    The property is located at 1801 Toms Creek Rd Blacksburg, VA.
    What is the asking price?
    The asking price for this property is $8,775,000.
    What are key features of this property?
    This property features: 135-acre agricultural property in Blacksburg, VA (24060), located at 1801 Toms Creek Road.; Exceptional development potential for multifamily, single-family, or mixed-use projects.; Convenient access to major thoroughfares.
    Request Owner's contact information
    1801 Toms Creek Rd Blacksburg, VA 24060
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    Blacksburg, VA 24060
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    Realmo Value Estimation

    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.

    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.

    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
    1801 Toms Creek Rd Blacksburg, VA 24060
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