Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land with River Frontage Title is generated by Realmo AI

    Ararat Highway, Ararat, VA 24053

    View on Map
    Claim this Listing
    For Sale
    $1,290,000

    LAND - Ararat, VA

    Lot size:
    286.53 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for Ararat Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    286.53 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    +/- 286.53 ac; Portion of Parcel ID: 4311-1; MAYO & BIG DAN
    Tax Annual Amount
    6275

    We can help!

    Listing Contact
    Matthew Gallimore

    Listing agent Matthew Gallimore License #225062681

    Listing office UC/Blue Ridge Land & Auction PO Box 234 102 South Locust St., Floyd, VA

    Listing date Apr 14, 2026

    MLS# 426952 Listing URL

    Copyright © 2026 New River Valley 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.

    HighLights

    • 3 small open grass fields for building, recreation, or wildlife
    • +/- 4,000' road frontage along Ararat Highway for easy access
    • +/- 2,900' of frontage along the Dan River
    • Dan River borders the southeastern portion of the property (state‑stocked trout stream)
    • Elevated areas with multiple potential building sites and views

    Overview

    This waterfront land offering features three small open grass fields suited for building, recreation, or wildlife, along with elevated areas that create potential views and multiple possible building sites. The property also includes frontage along the Dan River and a portion that borders the southeastern side, supported by approximately 2,900 feet of river frontage described in the remarks. The overall configuration provides flexible choices for outdoor use and site planning.

    Access is supported by approximately 4,000 feet of road frontage along Ararat Highway, which the listing notes as providing easy access and visibility. The Dan River is described as a state-stocked trout stream, aligning with fishing and outdoor enjoyment. The listing also characterizes the property as having multiple potential building locations due to the presence of elevated areas throughout.

    For buyers seeking a land parcel that can accommodate residential or recreational planning, the combination of open grass fields, river frontage, and long road frontage offers practical options. Owners and operators looking for outdoor amenities may also find the described trout-stream setting relevant for fishing-focused recreation. Please note the listing is presented as an auction property, and the stated list price may not reflect the final sales price.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Ararat
    County
    Patrick
    State
    Virginia
    Longitude
    -80.508716
    Latitude
    36.59971

    Nearby Similar for Sale

    • $499,000

      92.79 Acres in Patrick County

      Versatile land with pasture, woods, stream, and building sites.
      1619 Squirrel Creek Rd, Ararat, VA 24053
      View Details
    • $729,400

      Acreage with Creek Frontage

      Unrestricted land with mature timber and creek frontage near Mayberry.
      1827 Willis Gap Road, Ararat, VA 24053
      View Details
    • $250,000

      Unrestricted Mountain Land Investment Opportunity

      81 acres in Blue Ridge Mountains with recreational and investment potential.
      Ahart Ridge Rd lot: 58,60,61, Ararat, VA 24053
      View Details
    • $241,890

      Ararat, VA Unimproved Land

      43.98 acres with road frontage and mature timber.
      00 Willas Gap Road, Ararat, VA 24053
      View Details
    • $1,650,000
      17,786 SF

      Ararat Multifamily Investment Opportunity

      Three homes and sixteen duplexes near Blue Ridge Elementary School.
      81-302 Duplex Lane, Ararat, VA 24053
      View Details
    • $19,000

      Ararat, VA 2.5-Acre Lot

      2.5-acre lot in Ararat, VA, with stunning views.
      W Pheasant Chase lot: 23, Ararat, VA 24053
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Large parcel with multiple open grass fields, extensive Dan River frontage, and direct road frontage for accessible recreation or development.
    Where is this waterfront land located?
    The property is located at Ararat Highway Ararat, VA.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: 3 small open grass fields for building, recreation, or wildlife; +/- 4,000' road frontage along Ararat Highway for easy access; +/- 2,900' of frontage along the Dan River
    (540) 239-2585
    We can help!
    Listing Contact
    Matthew Gallimore
    Real Estate License ID: 225062681
    Learn More
    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
    Ararat Highway, Ararat, VA 24053
    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!