Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    96 Acres of Farmland in Axton Title is generated by Realmo AI

    Mt Vernon Rd, Axton, VA 24054

    View on Map
    Claim this Listing
    For Sale
    $530,000

    LAND - Axton, VA

    Lot size:
    95.99 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    174
    Last Refresh:
    May 12 at 10:06 pm

    Property Features for Mt Vernon Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    95.99 Acres

    We can help!

    Listing Contact
    Barbara Waldron

    Listing agent Barbara Waldron

    Listing office Berry-Elliott, REALTORS 18 Starling Avenue, Martinsville, VA

    Listing date Nov 19, 2025

    MLS# 145574 Listing URL

    Copyright © 2026 Martinsville, Henry, Patrick Counties 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

    • Expansive 96‑acre property with open pastures and wooded areas.
    • Serene stream and spring‑fed pond enhance natural beauty.
    • Suitable for grazing, recreation, development, or a private estate.
    • Rich agricultural history, previously used for cattle grazing and a lumber mill.
    • Multiple deer stands located in wooded sections.
    • Opportunity to purchase an additional 1.34‑acre property.

    Overview

    This 96-acre property in Axton, VA, features a mix of open pastures and wooded areas. A stream flows through the property, and a spring-fed pond is located on the west side. The land was previously used for cattle grazing and once housed a lumber mill. Multiple deer stands are positioned in the wooded sections. The seller has not permitted hunting on the farmland. An additional 1.34-acre property at 1349 MT VERNON RD may also be purchased. Henry County will be reassessing real estate tax values in 2026, with the tax rate to be set during their budget planning. The final tax assessment, tax rate, and taxes due for 2026 will not be confirmed until spring of 2026. The property is suitable for grazing, recreation, or future development.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Axton
    County
    Henry
    State
    Virginia
    Longitude
    -79.689897
    Latitude
    36.754143

    Nearby Similar for Sale

    • $49,900

      Secluded Homesite with Existing Utilities

      5.46-acre property in Pittsylvania County, VA, with potential homesite.
      901 Belmort Dr, Axton, VA 24054
      View Details
    • $224,900

      30+ Acres of Private Land

      Private, usable land with utilities, ready for building or recreation.
      4393 Stoney Mountain Rd, Axton, VA 24112
      View Details
    • $95,000

      Axton Vacant Land For Sale

      8.98 AC vacant land suitable for homes or mini-farm.
      0 Axton Road, Axton, VA 24054
      View Details
    • $24,900

      Axton, VA Land Opportunity

      1.75 acre lot perfect for building a home.
      Splendors Gate Rd, Axton, VA 24054
      View Details
    • $150,000

      Axton Vacant Land with Views

      31.48 AC property with mountain views and mature hardwoods.
      0 Stillmeadow Road, Axton, VA 24054
      View Details
    • $65,000

      Axton, VA - 5 Acre Land

      5-acre parcel in Axton, ready for building with flexible options.
      Obie Road, Axton, VA 24054
      View Details
    • $3,500,000
      75,600 SF

      Axton Warehouse and Industrial Property

      75,600 SF warehouse/industrial property, convenient location.
      3870 Martin Dr, Axton, VA
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 96-acre property with pastures, woods, stream, and pond.
    Where is this agricultural land / farmland located?
    The property is located at Mt Vernon Rd Axton, VA.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: Expansive 96‑acre property with open pastures and wooded areas.; Serene stream and spring‑fed pond enhance natural beauty.; Suitable for grazing, recreation, development, or a private estate.
    (276) 226-5683
    We can help!
    Listing Contact
    Barbara Waldron
    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
    Mt Vernon Rd, Axton, VA 24054
    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!