Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    152.69 Acres Recreational Land, Floyd Title is generated by Realmo AI

    TBD Black Ridge Road, Floyd, VA 24091

    View on Map
    Claim this Listing
    Pending
    $478,500

    Land - Floyd, VA

    Lot size:
    152.69 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 2 at 6:06 pm

    Property Features for TBD Black Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    64.89
    Lot size
    152.69 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    2351.36

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew Gallimore

    Listing agent Matthew Gallimore License #225062681

    Listing office UC/Blue Ridge Land & Auction PO Box 234, Floyd, VA

    Listing date Apr 22, 2026

    MLS# 427069 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

    • +/- 152.69 acre wooded and recreational tract.
    • Peaceful mountain setting with Blue Ridge Mountain views.
    • +/- 750' of road frontage on Black Ridge Rd offering easy access and privacy.
    • Furnace Creek runs along the northern boundary.
    • Multiple potential building sites for a dream home.
    • Short drive to the Town of Floyd and the Blue Ridge Parkway.

    Overview

    This is a 152.69 acre wooded and recreational tract situated in a peaceful mountain setting. The property features approximately 750 feet of road frontage along Black Ridge Road, providing access while maintaining privacy. Furnace Creek runs along the northern boundary. The property offers views of the Blue Ridge Mountains and has multiple potential building sites. It is located a short drive from the Town of Floyd and the nearby Blue Ridge Parkway. The property is suitable for hunting, recreational retreat, or a future homesite.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Floyd
    County
    Floyd
    State
    Virginia
    Longitude
    -80.3192
    Latitude
    36.9207

    Nearby Similar for Sale

    • $785,000
      16 SF

      Floyd County Farm with Pond

      32.498 acre farm ready for horses and livestock.
      1247 Cannady School Road SE, Floyd, VA 24091
      View Details
    • $120,000

      Floyd County Acreage For Sale

      5.65 acres in Floyd County, Virginia, ideal for building.
      5.65 Long Level Rd. lot: 12C, Floyd, VA 24091
      View Details
    • $108,000

      Unrestricted Mountain Land in Floyd

      13.5 acres of unrestricted mountain land with creek and views.
      Shooting Creek Rd lot: 0, Floyd, VA 24091
      View Details
    • $995,000
      7,700 SF

      Freestanding Retail Building in Floyd

      Single-tenant, net-leased retail investment property occupied by CVS Pharmacy.
      709 E Main St, Floyd, VA 24091
      View Details
    • $64,900

      Land Near Blue Ridge Parkway

      2.47 acre building lot near Blue Ridge Parkway.
      Lot 4 Franklin Pike, Floyd, VA 24091
      View Details
    • $270,000

      Floyd, VA Land with Creek

      55 acres of private land with creek and mountain views.
      1398 Cox Store Road SW, Floyd, VA 24091
      View Details
    • $64,900

      Land Near Blue Ridge Parkway

      Building lot near Blue Ridge Parkway with mountain views.
      TBD Franklin Pike SE, Floyd, VA 24091
      View Details
    • $55,000

      Wooded Land Auction in Floyd

      8.63 acres of wooded land, auction ends May 21st.
      TBD Cox Store Road, Floyd, VA 24091
      View Details
    • $61,600

      Secluded Wooded Acreage in Floyd

      34.81 acres of wooded land near Floyd, Virginia.
      TBD Rock Hill Church Road, Floyd, VA 24091
      View Details

    FAQs

    What type of property is this?
    Recreation land - 152.69 acre wooded tract with mountain views near Floyd.
    Where is this recreation land located?
    The property is located at TBD Black Ridge Road Floyd, VA.
    What is the asking price?
    The asking price for this property is $478,500.
    What are key features of this property?
    This property features: +/- 152.69 acre wooded and recreational tract.; Peaceful mountain setting with Blue Ridge Mountain views.; +/- 750' of road frontage on Black Ridge Rd offering easy access and privacy.
    (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
    TBD Black Ridge Road, Floyd, VA 24091
    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!