Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13 Celebration Ave Moneta, VA 24121
    Back to Search
    Property profile & analytics

    13 Celebration Ave Moneta, VA 24121

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 13 Celebration Ave

    Property type
    Land

    Description

    This exceptional 6,000 square foot commercial land parcel is ideally situated in the heart of Downtown Moneta's Towncenter, offering unparalleled visibility and accessibility. Located on Lot 13 Celebration Avenue, this property boasts a prime location directly facing Edo Grill and Sushi, ensuring high foot traffic and excellent exposure for your business. The land is zoned PD-1, providing flexibility for a variety of commercial uses. The asking price of $510,000 is for the land only. Potential buyers should note that there will be associated fees for parking lot upkeep, snow removal, landscaping, and sidewalk maintenance. These fees will be determined based on the specific business type and the number of required parking spaces. While this particular lot is 6,000 square feet, it's important to note that other available sites within the development have varying square footage, and some may offer the potential for two-story construction. This presents a unique opportunity to establish a thriving business in a vibrant and growing community. The property is owned by NBI Development LLC and is located in Bedford County, Virginia, zip code 24121. This is a remarkable chance to secure a prominent location in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Moneta
    County
    Bedford
    State
    Virginia
    Longitude
    -79.6209
    Latitude
    37.1788

    Comparable in this City

    • Value Estimation by Request
      1.63 Acres

      Westwind Rd

      Land • 1.63 Acres
      0 Westwind Rd, Moneta, VA 24121
      View Details
    • Value Estimation by Request

      12 Celebration Ave

      Land
      12 Celebration Ave, Moneta, VA 24121
      View Details
    • Value Estimation by Request
      4.09 Acres

      2586 Tuck Rd

      Flex space • 4.09 Acres
      2586 Tuck Rd, Moneta, VA 24121
      View Details
    • Value Estimation by Request
      1.51 Acres

      Mercantile St

      Land • 1.51 Acres
      0 Mercantile St, Moneta, VA 24121
      View Details
    • Value Estimation by Request
      0.50 Acres

      20 Mayberry Crossing Dr

      Land • 0.50 Acres
      20 Mayberry Crossing Dr, Moneta, VA 24121
      View Details
    • Value Estimation by Request

      Moneta Rd

      Land
      0 Moneta Rd, Bedford, VA 24121
      View Details

    Similar Nearby for Sale

    • $69,900
      5.84 Acres

      Moneta, VA Land with Views

      Land with views and planning work completed in Moneta, VA.
      0-Lot Pilot Mountain Rd, Moneta, VA 24121
      View Details
    • $38,999

      Land for Sale in Moneta

      Land available in Moneta, Virginia.
      1090 Red Fox Ln, Moneta, VA 24121
      View Details
    • $2,500,000
      22,134 SF

      Lakewatch Plantation Retail Center

      Moneta, VA: 7-unit retail investment
      50 Firstwatch Dr, Moneta, VA 24121
      View Details
    • $69,500
      1.04 Acres

      Moneta Land Parcel on Route 122

      Unimproved lot near Lakewatch Plantation with road frontage.
      00 Booker T Washington Hwy, Moneta, VA 24121
      View Details
    • $31,000
      0.85 Acres

      Moneta, VA Wooded Lot

      0.85-acre wooded lot in Beechwood West community with lake access.
      Old Barn Rd, Moneta, VA 24121
      View Details
    • $800,000
      27,878 SF

      Smith Mountain Lake Waterfront Land

      Waterfront land with gentle slope and main channel views.
      10 Riverbay Dr, Moneta, VA 24121
      View Details
    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.
    13 Celebration Ave
    Moneta, VA 24121
    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
    13 Celebration Ave, Moneta, VA, 24121
    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!