Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Land with Mountain Views Title is generated by Realmo AI

    Shelor Rd, Meadows of Dan, VA 24120

    View on Map
    Claim this Listing
    For Sale
    $125,000

    LAND - Meadows of Dan, VA

    Lot size:
    8.15 Acres
    Added:
    Dec 30, 2025
    Days on Market:
    156
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for Shelor Rd

    General Information

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

    We can help!

    Listing Contact
    Johnny Lambert
    Johnny Lambert

    Listing agent Johnny Lambert

    Listing office United Country-Lambert Realty PO Box 752 125 Jeb Stuart Highway, Stuart, VA

    Listing date Dec 30, 2025

    MLS# 145679 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

    • 8.15‑acre wooded tract with mountain views, including Buffalo Mountain.
    • Existing 26' x 18' structure on a building site, ready to be finished.
    • Excellent privacy and abundant wildlife, ideal for hunting or nature lovers.
    • Located 10 minutes from Meadows of Dan and the Blue Ridge Parkway.
    • Close proximity to Floyd, VA (30 minutes), known for its music and arts scene.
    • Easy access to Hillsville and Interstate I‑77 (30 minutes).

    Overview

    This 8.15-acre wooded tract in Floyd County, Virginia, offers privacy, mountain views, and outdoor recreation opportunities. The property provides a view of Buffalo Mountain and the surrounding Blue Ridge Mountains. The land is entirely wooded, offering privacy and abundant wildlife. A building site with an existing 26' x 18' structure is in place, ready to be finished as a cabin or getaway. The access road leading to the building will need gravel and improvements, and access requires parking and a short walk to the structure. The property is located 10 minutes from Meadows of Dan and the Blue Ridge Parkway, offering access to scenic drives, hiking, and local attractions. It is also 30 minutes from Floyd, VA, known for its music and arts scene, and 30 minutes from Hillsville and Interstate I-77 for regional travel. The property is sold as land with a structure on it.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Meadows of Dan
    County
    Patrick
    State
    Virginia
    Longitude
    -80.483414
    Latitude
    36.734603

    Nearby Similar for Sale

    • $409,900

      Redevelopment Hospitality Property

      Redevelopment site with three buildings, including a former restaurant and guest lodge units, near the Blue Ridge Parkway.
      182 Woodberry Road, Meadows Of Dan, VA 24120
      View Details
    • $220,000

      Secluded Mountain Land with Creek

      15+ acre wooded parcel with creek and homesite potential.
      Bent Rd lot: 4413-1, Meadows of Dan, VA 24120
      View Details
    • $277,000

      Waterfront Land Near Blue Ridge

      17-acre waterfront land near Blue Ridge Parkway.
      Cherry Creek Rd, Meadows of Dan, VA 24120
      View Details
    • $124,900

      Unrestricted Land Near Blue Ridge

      Secluded 11.6+/- acre paradise with well and septic.
      437 Shelor Rd SW lot: 0, Meadows of Dan, VA 24120
      View Details
    • $72,500

      Scenic Mountain Land with Camper

      8 acres with views, camper, and perc test.
      Shelor Rd SW lot: 4, Meadows of Dan, VA 24120
      View Details
    • $235,500

      Scenic Land in Patrick County

      15.7 acres in Meadows of Dan, VA, with mountain views.
      Jeb Stuart Hwy, Meadows of Dan, VA 24120
      View Details
    • $43,900

      Wooded Land Near Blue Ridge

      3.71 acre wooded tract near the Blue Ridge Parkway.
      Edgeview Dr. lot: 21, Meadows of Dan, VA 24120
      View Details
    • $108,870

      Wooded Land Near Blue Ridge

      10.88 acres of wooded land near Meadows of Dan.
      Red Rough Rd, Meadows of Dan, VA 24120
      View Details
    • $490,000

      Secluded Hunting Land with Creek

      120+ acre hunting paradise with creek and mountain views.
      Germantown Road lot: 106107A108111, Meadows of Dan, VA 24120
      View Details
    • $50,600

      Wooded Building Lot in HOA Community

      Wooded 2.519-acre lot with underground utilities and a perk approval, subject to HOA and deed restrictions.
      Edgeview Drive lot: 8, Meadows Of Dan, VA 24120
      View Details
    • $89,900

      Land Near Blue Ridge Parkway

      9+ acre land parcel near Blue Ridge Parkway.
      Pinnacle Lane, Meadows Of Dan, VA 24120
      View Details
    • $599,000

      Recreational Hunting Land with Creek

      187-acre woodland tract with mature hardwoods, ridge views, and Poorhouse Creek for hunting and recreation use.
      Jeb Stuart Hwy, Meadows of Dan, VA 24120
      View Details

    FAQs

    What type of property is this?
    Land - 8.15-acre wooded tract with mountain views near Blue Ridge Parkway.
    Where is this land located?
    The property is located at Shelor Rd Meadows of Dan, VA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: 8.15‑acre wooded tract with **mountain views, including Buffalo Mountain**.; Existing 26' x 18' structure on a **building site, ready to be finished**.; Excellent privacy and abundant wildlife, ideal for hunting or nature lovers.
    (276) 952-5502
    We can help!
    Listing Contact
    Johnny Lambert
    Johnny Lambert
    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
    Shelor Rd, Meadows of Dan, VA 24120
    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!