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    Historic Harleywood Dairy Farm Land Title is generated by Realmo AI

    Harleywood Rd lot 5, Bristol, VA 24202

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    Claim this Listing
    New
    For Sale
    $1,600,000

    LAND - Bristol, VA

    Lot size:
    274.40 Acres
    Added:
    May 10, 2026
    Days on Market:
    4
    Last Refresh:
    May 13 at 1:06 am

    Property Features for Harleywood Rd lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Vegetation
    Cleared
    Fencing
    Cross Fenced, Fenced
    Standard status
    Active
    APN
    100A28
    Lot size
    274.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    parcel ID 100-A-28, 100-A-29, 121-A-4, part of A-5
    Tax Annual Amount
    1069

    Utilities

    Utilities
    Water Available
    Water source
    Public
    Water front features
    Pond

    Building Details

    Additional Structures
    None

    We can help!

    Listing Contact
    Timothy Sproles
    Timothy Sproles

    Listing agent Timothy Sproles License #343637

    Listing office Highlands Real Estate| Sea Glass Bristol 850 Sullins Street Ste. 201, Abingdon, VA

    Listing date May 10, 2026

    MLS# 103401 Listing URL

    Copyright © 2026 Southwest Virginia 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

    • Historic Harleywood Dairy Farm on 274 +/- acres, available for the first time in over a century.
    • Versatile landscape with approximately 35% cleared land and 65% mature woodland.
    • Abundant wildlife including deer, turkey, grouse, coyotes, bobcats, and bear.
    • Endless possibilities for farming, a private estate, or family compound.
    • Includes a pond and water is available.
    • Unique legacy as the home to AMA‑sanctioned National Championship motorcycle races.

    Overview

    The historic Harleywood Dairy Farm, a Washington County cornerstone for over a century, is available for the first time in over a century. This property spans approximately 274 acres and offers possibilities for farming, expansion of an existing operation, or building a private estate. The landscape includes roughly 35% cleared land and 65% mature woodland. Wildlife is abundant, with deer, turkey, grouse, coyotes, bobcats, and bear. Harleywood has also been home to AMA-sanctioned National Championship motorcycle races, coexisting with its agricultural use. The property is zoned A-1 and is located in Bristol, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Bristol
    County
    Washington
    State
    Virginia
    Longitude
    -82.1243142
    Latitude
    36.6677861

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    FAQs

    What type of property is this?
    Farm - 274-acre farm with cleared land and mature woodland.
    Where is this farm located?
    The property is located at Harleywood Rd lot 5 Bristol, VA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Historic Harleywood Dairy Farm on 274 +/- acres, available for the first time in over a century.; Versatile landscape with approximately 35% cleared land and 65% mature woodland.; Abundant wildlife including deer, turkey, grouse, coyotes, bobcats, and bear.
    (423) 612-8747
    We can help!
    Listing Contact
    Timothy Sproles
    Timothy Sproles
    Real Estate License ID: 343637
    Learn More
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    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.

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