Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land with Trout Pond Title is generated by Realmo AI

    HANDLEY WAY lot 2, Afton, VA 22920

    View on Map
    Claim this Listing
    For Sale
    $749,000

    LAND - AFTON, VA

    Lot size:
    21.98 Acres
    Added:
    Dec 4, 2025
    Days on Market:
    183
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for HANDLEY WAY lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    07000-00-00-014B2
    Lot size
    21.98 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Handley Farm Estates 2A / 21.98 Acres
    Tax Annual Amount
    72

    Utilities

    Water front features
    Lake, Creek
    Water front
    1

    We can help!

    Listing Contact
    THE BECKHAM TEAM

    Listing agent THE BECKHAM TEAM License #0225204314

    Listing office KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE 3510 REMSON CT SUITE 401, Charlottesville, VA

    Listing date Dec 4, 2025

    MLS# 671617 Listing URL

    Copyright © 2026 Charlottesville Area 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

    • Nearly 22‑acre residential lot with multiple elevated home site options.
    • Spring‑fed trout pond on the property.
    • Excellent public road access and VDOT‑maintained dead‑end street.
    • Fiber internet available in the community.
    • Soil study completed for a 4+ bedroom home.
    • Convenient location: 5 min to wineries, 7 min to schools and shops, 20 min to Charlottesville & UVA.

    Overview

    This residential lot, spanning nearly 22 acres, offers potential for a custom home. It features public road access off the driveway, which passes a spring-fed trout pond, leading to elevated home site options. The property includes hardwoods and potential for clearing a mountain and pond view while maintaining privacy. A soil study for a 4+ bedroom home has been completed. The property is located in a small community of about a dozen custom homes. The dead-end street is VDOT maintained, and the community has fiber internet. It is located 5 minutes from wineries on Route 151, 7 minutes from Western Albemarle schools and the shops and restaurants of Crozet, and 20 minutes from Charlottesville and UVA. The property is zoned R Residential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Afton
    County
    Nelson
    State
    Virginia
    Longitude
    -78.799697
    Latitude
    38.0243011

    Nearby Similar for Sale

    • $210,000

      Afton Mountain Residential Land Parcel

      12+ acre residential land parcel in Swann Ridge Estates.
      OLD STONY RIDGE RD, AFTON, VA 22920
      View Details
    • $225,000

      Afton, VA - Cottage on Lot

      Partly wooded 2-acre lot with unfinished cottage in Afton.
      BATESVILLE RD lot: 2, AFTON, VA 22920
      View Details
    • $479,000

      Afton Property with Development Potential

      Unique Afton property with multiple parcels and development opportunities.
      722 GREENFIELD MOUNTAIN FARM, Afton, VA 22920
      View Details
    • $479,000

      Afton Property with Development Potential

      12-acre Afton property with multiple parcels and development opportunities.
      722 GREENFIELD MOUNTAIN FARM lot: 19, 20, 21 And 22, AFTON, VA 22920
      View Details
    • $220,000

      Afton Mountain Land Parcel

      12+ acre parcel in Swann Ridge Estates on Afton Mountain.
      7 Old Stony Ridge Rd, Afton, VA
      View Details
    • $3,200,000

      Land For Sale Afton, VA

      Land available for purchase in Afton, Virginia.
      9388 Critzers Shop Rd, Afton, VA
      View Details
    • $3,200,000
      4,172 SF

      Working Fruit Farm on Brewery Trail

      64.08 acre pick-your-own fruit farm with multiple dwellings.
      9388 Critzers Shop Road, Afton, VA 22920
      View Details
    • $3,200,000
      4,172 SF

      Nelson County Farmland Opportunity

      64.08 acre working fruit farm along Virginia's Brewery Trail.
      9388 Critzer Shop Rd, Afton, VA 22920
      View Details

    FAQs

    What type of property is this?
    Land - 22-acre residential lot with potential for custom home.
    Where is this land located?
    The property is located at HANDLEY WAY lot 2 Afton, VA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Nearly 22‑acre residential lot with multiple elevated home site options.; Spring‑fed trout pond on the property.; Excellent public road access and VDOT‑maintained dead‑end street.
    (434) 220-2224
    We can help!
    Listing Contact
    THE BECKHAM TEAM
    Real Estate License ID: 0225204314
    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
    HANDLEY WAY lot: 2, AFTON, VA 22920
    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!