Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Mandalay Lane lot 0 Abingdon, VA 24211

    View on Map
    Claim this Listing
    New
    For Sale
    $475,000

    LAND - Abingdon, VA

    Lot size:
    3.63 Acres
    Added:
    May 1, 2026
    Days on Market:
    3
    Last Refresh:
    May 3 at 3:06 pm

    Property Features for Mandalay Lane lot 0

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SR
    Vegetation
    Cleared
    Standard status
    Active
    APN
    146A52A1B
    Lot size
    3.63 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Mandalay Lane Sans Souci at SOHO
    Tax Annual Amount
    0

    Utilities

    Utilities
    Water Available
    Water front features
    Waterfront, Lake Front, Lake
    Water front
    1

    Building Details

    Additional Structures
    None

    We can help!

    Listing Contact
    Caroline Blevins

    Listing agent Caroline Blevins License #381649

    Listing office Highlands Real Estate | Sea Glass P.O. Box 1157, Abingdon, VA

    Listing date May 1, 2026

    MLS# 104416 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.

    Overview

    Secluded Lakefront Property in Abingdon

    This secluded lakefront property offers 3.63 acres with views of the lake and mountains. The property features 175 feet of lake frontage and 80 feet of road frontage. The land has a gentle slope to the water. Cleared areas are present, and water, electric, and fiber network access are available nearby. The property is located 15 minutes from I-81 and Abingdon. The site offers panoramic lake views with sunrises and sunsets. The property is zoned SR and located in Washington County, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Abingdon
    County
    Washington
    State
    Virginia
    Longitude
    -81.9445752
    Latitude
    36.6451955

    Nearby Similar for Sale

    • $389,000
      1,564 SF

      Move-In Ready Commercial Building

      Steel-frame building on 0.77 acres, suitable for various businesses.
      19462 Lee Highway, Abingdon, VA 24210
      View Details
    • $699,000
      2,100 SF

      Historic Grist Mill Estate

      Historic grist mill property with special use permit.
      21405 Parks Mill Road, Abingdon, VA 24211
      View Details
    • $689,900
      2,490 SF

      Abingdon Medical Office Building

      Well-maintained medical office near historic Abingdon with ample parking.
      612 Campus Drive, Abingdon, VA 24210
      View Details
    • $575,000
      2,960 SF

      Farm/Estate Spanning Two States

      15.6-acre farm/estate with a tri-level home spanning VA and TN.
      21875 Twin Oaks Road, Abingdon, VA 24211
      View Details
    • $1,100,000
      7,324 SF

      Three Well-Maintained Duplexes in Abingdon

      Three income-generating duplexes near historic Abingdon, fully rented.
      Deer Run Dr., Abingdon, VA 24211
      View Details
    • $1,100,000
      7,324 SF

      Abingdon Multifamily Investment Opportunity

      Three well-maintained duplexes near historic Abingdon, fully rented.
      Deer Run Drive, Abingdon, VA 24211
      View Details
    • $495,000

      Secluded Lakefront Property in Abingdon

      Rare 4.49-acre lakefront property with mountain views near Abingdon.
      Mandalay Lane lot: 52A1a, Abingdon, VA 24211
      View Details
    • $1,390,000
      43,560 SF

      Commercial Land Near Exit 19

      Commercial property with high visibility and traffic flow near amenities.
      24443 Lee Highway, Abingdon, VA 24210
      View Details
    • $129,900

      Abingdon Farm with Development Potential

      6.31 acre farm with farmhouse, barn, and utilities.
      26537 Rich Valley Rd lot: 2 & 4, Abingdon, VA 24210
      View Details
    • $400,000

      Farmland with Barn and Ponds

      24-acre farmland featuring a barn, ponds, and abundant wildlife.
      27070 Shortsville Road, Abingdon, VA 24210
      View Details
    • $80,000

      Abingdon VA Building Lot

      1.5-acre building lot with mountain and water views.
      Yeary Trail lot: 119, Abingdon, VA 24210
      View Details
    • $495,000

      Lakefront Land in Abingdon, VA

      Secluded 4.49-acre lakefront property with mountain views near Abingdon.
      Mandalay Lane, Abingdon, VA 24211
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare 3.63-acre lakefront property with mountain views near Abingdon.
    Where is this waterfront land located?
    The property is located at Mandalay Lane lot 0 Abingdon, VA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 3. 63 acre lakefront property with **175' of lake frontage.**; **Breathtaking lake and mountain views** with spectacular sunrises and sunsets.; Utilities available: Water, electric, and fiber network nearby.
    (276) 274-7827
    We can help!
    Listing Contact
    Caroline Blevins
    Real Estate License ID: 381649
    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

    Mandalay Lane lot: 0, Abingdon, VA 24211

    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!