Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Level Lot Near Holston High Title is generated by Realmo AI

    Monroe Rd lot 1, Damascus, VA 24236

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Damascus, VA

    Lot size:
    0.39 Acres
    Added:
    Aug 1, 2025
    Days on Market:
    296
    Last Refresh:
    May 23 at 9:06 am

    Property Features for Monroe Rd lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    120

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Travis Dyson
    Travis Dyson

    Listing agent Travis Dyson License #0225223640

    Listing office Landmark Realty 228 Valley Street NW, Abingdon, VA

    Listing date Aug 1, 2025

    MLS# 100846 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

    • Level, cleared building lot ready for construction.
    • Conveniently located 1.5 miles from Damascus, Virginia.
    • Enjoy close proximity (0.5 miles) to the South Fork of the Holston River.
    • Located near Holston High School, with easy access to other schools.
    • Public water and cable available.
    • Farmland adjacent to the property with existing fencing.

    Overview

    This level building lot is located near Holston High School in the Green Acres Subdivision, with road frontage on Monroe Rd / Route 91. Situated approximately 1.5 miles from the town limits of Damascus, Virginia, the lot is also about a half mile from the South Fork of the Holston River. A new plat is available. The lot has been recently cleared, with a selection of trees remaining for privacy and shade. Gravel has been added for easy access to the property. This location is within easy driving distance of Rhea Valley Elementary School and Damascus Middle School, and is located across the road and within view of Holston High School. The property is adjacent to farmland, with some fencing already in place. Public water and cable services are available in the area. Doublewides are not permitted, but modulars are permitted, subject to deed restrictions. The lot size is 0.39 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Damascus
    County
    Washington
    State
    Virginia
    Longitude
    -81.7872419
    Latitude
    36.6369645

    Nearby Similar for Sale

    • $750,000
      3,370 SF

      Damascus Commercial Property For Sale

      Turn-key restaurant, ice cream shop, and rental units in Damascus.
      409 Fritz Street, Damascus, VA 24236
      View Details
    • $129,900

      Damascus Land with Metal Garage

      2.583 acre lot with 2020 metal garage.
      Jeb Stuart Highway lot: 2, Damascus, VA 24236
      View Details
    • $47,900

      Land Near Virginia Creeper Trail

      Acreage near Damascus, VA, close to trails and parks.
      Jeb Stuart Hwy lot: 0, Damascus, VA 244236
      View Details
    • $250,000

      36 Acres of Virginia Wilderness

      Secluded 36-acre property bordering Jefferson National Forest.
      513 Beadwood Ln, Damascus, VA 24236
      View Details
    • $98,500

      Secluded Mountain Retreat in Damascus

      17.06 acres of land near outdoor recreation trails.
      138 Birch Lane, Damascus, VA 24236
      View Details
    • $55,000

      Scenic Land in Konnarock/Damascus Area

      7 acres near Virginia Creeper Trail, Appalachian Trail, Mount Rogers.
      TDB Beadwood Lane lot: 85 A 16, Damascus, VA 24236
      View Details
    • $140,000

      Land Near National Forest

      24.19 acre wooded land near National Forest.
      33547 Golfers Dr. lot: 0, Damascus, VA 24236
      View Details
    • $14,000

      Recreational Land Near Jefferson Forest

      Secluded wooded acreage near trails and trout stream.
      Pennington Branch Road lot: 14B, Damascus, VA 24236
      View Details
    • $30,000

      Half-Acre Wooded Lot in Damascus

      Wooded lot near Jefferson National Forest, ideal for outdoor adventures.
      Azen Road, Damascus, VA 24236
      View Details
    • $250,000

      36 Acres in Konnarock, VA

      36 acres in Konnarock bordering Jefferson National Forest.
      513 Beadwood Lane, Damascus, VA 24236
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Level building lot near Holston High School in Damascus, VA.
    Where is this residential land & home lot located?
    The property is located at Monroe Rd lot 1 Damascus, 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: Level, cleared building lot ready for construction.; Conveniently located 1.5 miles from Damascus, Virginia.; Enjoy close proximity (0.5 miles) to the South Fork of the Holston River.
    (276) 492-8204
    We can help!
    Listing Contact
    Travis Dyson
    Travis Dyson
    Real Estate License ID: 0225223640
    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
    Monroe Rd lot: 1, Damascus, VA 24236
    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!