Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    60+ Acre Development Opportunity Title is generated by Realmo AI

    412 Tinker Mountain Rd, Daleville, VA 24083

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    60+ acre parcel for multifamily or retail development.

    Type:Land
    Lot size:
    60.00 Acres
    Added:
    Feb 17, 2023
    Days on Market:
    1204
    Last Refresh:
    May 19 at 10:26 pm

    Property Features for 412 Tinker Mountain Rd

    General Information

    Standard status
    Active
    Lot size
    60.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Stephen Pendergrass
    Stephen Pendergrass

    Listing agent Stephen Pendergrass License #VA 0225210868

    Listing office Poe & Cronk Real Estate

    Listing date Feb 17, 2023

    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 Poe & Cronk Real Estate

    HighLights

    • Prime development opportunity: 60+ acres at Exit 150, I‑81, ideal for high‑demand multifamily or large‑scale retail.
    • High visibility and access to high traffic counts in Southwest Virginia.
    • Multifamily potential: Botetourt County allows 450+ multifamily units.
    • Benefits from Botetourt County Gateway Crossing zoning overlay encouraging high‑density development.
    • Public water and sewer are located on the property.
    • Convenient location: Quick access to Roanoke, close proximity to retail hubs, Appalachian Trail, schools, and YMCA.

    Overview

    Located at Exit 150 at the intersection of Interstate 81 and Hwy 220 in Daleville, VA, the Talbot Farm is a 60+ acre parcel of land. This site presents a development opportunity for high-demand multifamily or large-scale big box retail. The property features direct access and visibility to high traffic counts, as well as access to the Roanoke Metropolitan area. Botetourt County will allow 450+ multifamily units on the property, which benefits from the new Botetourt County Gateway Crossing zoning overlay to encourage high density residential and commercial uses. Public water and sewer is located on the property. Nearby amenities include views of the Shenandoah Valley and surrounding mountains, as well as nearby grocery, retail, music, and restaurants in the adjoining Botetourt Commons and Daleville Town Center retail hubs. The site also benefits from its location adjacent to the Appalachian Trail, and close proximity to Lord Botetourt High School, and a new YMCA community pool and fitness facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Daleville
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.9095299
    Latitude
    37.3864245

    Nearby Similar for Sale

    • $750,000

      Turnkey Car Wash For Sale

      Fully operational car wash in high-traffic Daleville location.
      870 Roanoke Rd, Daleville, VA 24083
      View Details
    • $625,000
      10 SF

      10 Acre Corner Parcel in Daleville

      10 acre parcel at corner of Country Club Rd and Hwy 220.
      0 Country Club Rd, Daleville, VA 24083
      View Details
    • $295,500

      Development Ready Land For Sale

      0.9183 acre parcel at Botetourt Commons, Daleville, Virginia.
      Commons Pkwy, Daleville, VA
      View Details
    • $145,000

      Residential Lot in Ashley Plantation

      Residential building lot in Daleville's desirable Ashley Plantation.
      117 Jackson Dr, Daleville, VA 24083
      View Details
    • $145,000

      Residential Lot in Daleville, VA

      Residential building lot available in Daleville, Virginia.
      137 Jackson Dr, Daleville, VA 24083
      View Details
    • $82,000

      Daleville Land with Mountain Views

      Buildable lot with mountain and golf course views.
      Graystone Dr lot: 26, Daleville, VA 24083
      View Details
    • $700,000
      1,634 SF

      Retail Property on Roanoke Road

      Retail property on 0.789 acres zoned B1.
      509 Roanoke Rd, Daleville, VA
      View Details
    • $85,000

      Daleville Lot Zoned B-2

      Commercial lot in Daleville with utilities available for sale.
      0 Wendover Rd, Daleville, VA, 24083
      View Details
    • $2,550,000

      Multi-Use Acreage For Development

      Multi-use acreage available for development in Daleville town center.
      180 Broad St, Daleville, VA
      View Details
    • $625,000

      10 Acre Corner Parcel

      10 acre land parcel with road frontage in Daleville, VA.
      Country Club Rd, Daleville, VA
      View Details
    • $835,000

      Pad Ready Site For Sale

      1.67 acre pad ready site in Daleville Town Center.
      0 Town Center St, Daleville, VA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 60+ acre parcel for multifamily or retail development.
    Where is this commercial land located?
    The property is located at 412 Tinker Mountain Rd Daleville, VA.
    What is the asking price?
    The asking price for this property is $3,595,000.
    What are key features of this property?
    This property features: Prime development opportunity: 60+ acres at Exit 150, I‑81, ideal for high‑demand multifamily or large‑scale retail.; High visibility and access to high traffic counts in Southwest Virginia.; Multifamily potential: Botetourt County allows 450+ multifamily units.
    (540) 855-3655 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephen Pendergrass
    Stephen Pendergrass
    Real Estate License ID: VA 0225210868
    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
    412 Tinker Mountain Rd, Daleville, VA 24083
    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!