Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Gaston Land with Amenities Title is generated by Realmo AI

    Fairview Terrace lot 40, Bracey, VA 23919

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Bracey, VA

    Lot size:
    0.66 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    52
    Last Refresh:
    May 22 at 9:06 am

    Property Features for Fairview Terrace lot 40

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    0.66 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed
    Water front features
    Creek, Lake

    We can help!

    Listing Contact
    Conner Franck

    Listing agent Conner Franck License #332123

    Listing office Pointe Realty Group South Hill, LLC 408 E Atlantic Street, South Hill, VA

    Listing date Apr 1, 2026

    MLS# 141884 Listing URL

    Copyright © 2026 Roanoke Valley Lake Gaston Board 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

    • Access to extensive amenities including 4 pickleball courts, sandy swimming beach, boat launch, swimming pool, playground, beach volleyball, day‑use boat slips, and a 9‑hole golf course.
    • Enjoy lake gaston water views.
    • Over half‑acre lot provides ample space to build.
    • Desirable community located in one of Lake Gaston's most sought‑after areas.
    • Expired 3‑bedroom perk test available.
    • Versatile opportunity suitable for a primary residence, vacation getaway, or investment.

    Overview

    This 0.66-acre residential lot is located in Tanglewood Shores at Lake Gaston. The property offers water views of Lake Gaston and is positioned as a setting for building a home. Community amenities include four pickleball courts, a sandy swimming beach, a boat launch, a swimming pool, a playground, beach volleyball, day-use boat slips, and a 9-hole golf course. An expired 3-bedroom perk test is available. The property is located in Bracey, Virginia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bracey
    County
    Mecklenburg
    State
    Virginia
    Longitude
    -78.051209
    Latitude
    36.575812

    Nearby Similar for Sale

    • $1,750,000
      4,704 SF

      Unique Commercial Opportunity Near Lake Gaston

      2.44 acre commercial property near I-85 and Lake Gaston.
      3410 HWY Nine-O-Three, Bracey, VA 23919
      View Details
    • $624,900

      Lake Gaston Waterfront Land

      Cleared main lake lot ready for building with deep water.
      Dogwood Way lot: 32, Bracey, VA 23919
      View Details
    • $449,900
      1,600 SF

      New Farmhouse on 3+ Acres

      New construction farmhouse near Lake Gaston with option to customize.
      TBD HWY 903, Bracey, VA 23919
      View Details
    • $495,000

      Thriving Lakeside Butcher Shop Opportunity

      Real estate, business, and assets of a thriving butcher shop.
      50 Golf Drive, Bracey, VA 23919
      View Details
    • $189,000

      Waterfront Land in Bracey, VA

      Affordable waterfront building lot with boathouse in Great Creek.
      Great Creek Drive lot: 18, Bracey, VA 23919
      View Details
    • $14,500

      Wooded Lot in Lake Gaston

      Wooded lot in waterfront community with boat ramp access.
      LOT 64 Windward Passage, Bracey, VA 23919
      View Details
    • $199,900

      Bracey, VA Waterfront Land

      2.76 acres with lake views and ready-to-use dock.
      Buckhead Drive lot: 47, Bracey, VA 23919
      View Details
    • $37,000

      Lake Gaston Area Land Parcel

      Large land parcel near Lake Gaston with subdivision boat ramp.
      Lot 42 Waynes Ct, Bracey, VA 23919
      View Details
    • $165,000

      Lake Gaston Waterfront Acreage

      Over an acre on Lake Gaston, perfect for building.
      139R Mary Court, Bracey, VA 23919
      View Details
    • $20,000

      Lake Gaston Building Lot

      Half-acre lot in Tanglewood Shores community with lake access.
      26 Locust Drive lot: 26, Bracey, VA 23919
      View Details
    • $19,900

      Residential Lot in Tanglewood Shores

      Wooded lot in lakefront community with approved perc test.
      Hickory Ct lot: 56P, Bracey, VA 23919
      View Details
    • $39,900

      Residential Lot in Lakeside Development

      Residential lot in Bracey, VA, near neighborhood boat landing.
      Jamestown Lane lot: 2, Bracey, VA 23919
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with lake views and community amenities.
    Where is this residential land & home lot located?
    The property is located at Fairview Terrace lot 40 Bracey, VA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Access to extensive amenities including 4 pickleball courts, sandy swimming beach, boat launch, swimming pool, playground, beach volleyball, day‑use boat slips, and a 9‑hole golf course.; Enjoy lake gaston water views.; Over half‑acre lot provides ample space to build.
    (434) 774-6593
    We can help!
    Listing Contact
    Conner Franck
    Real Estate License ID: 332123
    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
    Fairview Terrace lot: 40, Bracey, VA 23919
    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!