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    Quail Rdg Cir Cave Spring, VA 24018

    Sponsored
    For Sale
    $175,000

    3.86 Acres, R3 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.86-acre parcel presents a prime opportunity for multi-family development in the desirable Hunting Hills area of southwest Roanoke County, Virginia. Located at 0 Quail Ridge Cir, Cave Spring, VA 24018 (APN 87.08-06-27.00 et als), this property is conveniently situated near shopping, dining, and recreational amenities. Access is provided via Quail Valley Condominiums and Quail Ridge townhomes. The land comprises two level lots that are fully prepared for immediate construction, eliminating significant upfront development costs. Detailed concept plans are available for the remaining acreage, offering flexibility for various multi-family housing designs. The R3 zoning permits medium-density multi-family development, allowing for the construction of up to 15 units (detached or attached). The property's proximity to the Hunting Hills Country Club, boasting an 18-hole golf course, tennis courts, a swimming pool, and a clubhouse, adds significant value and appeal to potential residents. This is a rare chance to acquire a ready-to-build multi-family site in a highly sought-after location, offering strong potential for a lucrative investment. The asking price for this exceptional property is $175,000.

    Property Features for 0 Quail Rdg Cir

    General Information

    Property type
    Land

    HighLights

    • Prime southwest Roanoke County location.
    • Adjacent to Hunting Hills Country Club.
    • Two pad‑ready lots.
    • R3 zoning allows up to 15 multi‑family units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cave Spring
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.974876
    Latitude
    37.220822

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Land - 3.86 Acres, R3 Zoning, Prime Location
    Where is this land located?
    The property is located at Quail Rdg Cir Cave Spring, VA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Prime southwest Roanoke County location.; Adjacent to Hunting Hills Country Club.; Two pad-ready lots.
    (540) 353-0100
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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
    Quail Rdg Cir Cave Spring, VA 24018
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