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    953 Hines Branch Rd lot 1 Elk Creek, VA 24326

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    Claim this Listing
    New
    For Sale
    Under Contract
    $35,000

    LAND - Elk Creek, VA

    Lot size:
    2.00 Acres
    Added:
    May 4, 2026
    Days on Market:
    2
    Last Refresh:
    May 5 at 9:06 pm

    Property Features for 953 Hines Branch Rd lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural Farm
    Vegetation
    Cleared
    Fencing
    Fenced
    Standard status
    Active Under Contract
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Refer to Deed
    Tax Annual Amount
    39

    Utilities

    Water source
    Spring
    Water front features
    Stream, Creek, Waterfront
    Water front
    1

    Building Details

    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Chris Davis
    Chris Davis

    Listing agent Chris Davis License #0225260315

    Listing office Virginia Mountain Realty 453 W Stuart Drive, Hillsville, VA

    Listing date May 4, 2026

    MLS# 109306 Listing URL

    Copyright © 2026 Southwest Virginia 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

    Elk Creek Land Near Forest

    This approximately two-acre property is located in the Elk Creek Valley within the Providence District, near the Blue Ridge Mountains. Situated close to the Jefferson National Forest, Hales Lake, and horseback riding trails, the land offers access to outdoor amenities. A creek borders the property, creating a setting suitable for recreation or a mountain retreat. The land is versatile and allows for building a cabin, a full-time residence, or a private getaway for an RV or camper. With selective clearing, multiple potential homesites can be created. The property has not been perc tested, allowing flexibility in determining placement for a well and septic system. The area is home to wildlife, including deer, turkey, bear, bobcat, and grouse. Offered by boundary (not surveyed acreage), with historic metes and bounds available in the documents. It is located minutes from the New River and is suitable for those seeking privacy, recreation, or a future mountain retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Elk Creek
    County
    Grayson
    State
    Virginia
    Longitude
    -81.105805
    Latitude
    36.715203

    Nearby Similar for Sale

    • $199,500

      Unrestricted Land with Mountain Views

      44 acres of unrestricted land near Jefferson National Forest.
      Comers Rock Rd, Elk Creek, VA 24326
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    • $54,900

      Elk Creek Building Lot

      Private, secluded 7.68-acre lot with views in Elk Creek.
      Mountain Meadows Lane lot: #5, Elk Creek, VA 24326
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    • $219,900

      Elk Creek Land Near Forest

      20-acre land parcel adjoining National Forest near horse trails.
      785 Shale Hollow Ln lot: 8-A-1, Elk Creek, VA 24326
      View Details

    FAQs

    What type of property is this?
    Recreation land - Two-acre recreational land near Jefferson National Forest and Hales Lake.
    Where is this recreation land located?
    The property is located at 953 Hines Branch Rd lot 1 Elk Creek, VA.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Two acres in the desirable Elk Creek Valley, Providence District, near the Blue Ridge Mountains.; Borders a creek, offering a serene and picturesque setting.; Convenient access to Jefferson National Forest, Hales Lake, and horseback riding trails.
    (276) 233-2362
    We can help!
    Listing Contact
    Chris Davis
    Chris Davis
    Real Estate License ID: 0225260315
    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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