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    9388 Critzer Shop Rd Afton, VA 22920

    • Land
    • 64.08 lot acres
    For Sale
    View listing
    $3,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 9388 Critzer Shop Rd

    Lot size
    64.08 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 64.08-acre property in Nelson County, Virginia, presents a unique investment opportunity. Located on Route 151, it boasts prominent visibility along Virginia's Brewery Trail, directly across from Blue Mountain Brewery and conveniently close to Route 250 and I-64. The land includes five separate dwellings, totaling 1,784 square feet of living space, including a 1,716 square foot main residence built in 1957, two guest houses, and two farmhand residences (one a tiny home). A substantial 4,127-square-foot sales barn, two greenhouses, and an operational irrigation system support agricultural operations. A 1.5-acre recreational pond with a dock and viewing platform enhances the property's appeal. The property's zoning is R1/A1, and it's comprised of two parcels (APN: 4 A 17 & 4 A 17B). Its proximity to popular destinations like Wintergreen Resort and Devil's Backbone Basecamp makes it ideal for agritourism ventures. The asking price is $3,750,000. This turnkey operation offers significant potential for an owner-operator or investor seeking to capitalize on the area's thriving tourism industry. The existing fruit orchards and infrastructure provide a solid foundation for continued agricultural success. This is a rare opportunity to acquire a well-established and highly visible property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Afton
    County
    Nelson
    State
    Virginia
    Longitude
    -78.8245
    Latitude
    38.0169

    Comparable in this City

    • Value Estimation
      $570,000
      9,842 SF

      260 Hazy Mtn Ln

      WINERY • 9,842 SF
      260 Hazy Mtn Ln, Afton, VA 22920
      View Details
    • Value Estimation by Request

      Afton, VA 22920

      COMMERCIAL (GENERAL)
      Afton, VA 22920
      View Details
    • Value Estimation
      $3,375,000
      79,800 SF

      10517 Critzers Shop Rd

      COMMERCIAL (GENERAL) • 79,800 SF
      10517 Critzers Shop Rd, Afton, VA 22920-2432
      View Details
    • Value Estimation by Request
      0.52 Acres

      10517 Critzers Shop Rd

      COMMERCIAL (GENERAL) • 0.52 Acres
      10517 Critzers Shop Rd, Afton, VA 22920-2432
      View Details
    • Value Estimation by Request
      3.13 Acres

      200 Afton Mtn Rd

      COMMERCIAL (GENERAL) • 3.13 Acres
      200 Afton Mtn Rd, Afton, VA 22920
      View Details
    • Value Estimation by Request
      1.02 Acres

      47 Ml Ln

      COMMERCIAL (GENERAL) • 1.02 Acres
      47 Ml Ln, Afton, VA 22920-2780
      View Details

    Similar Nearby for Sale

    • $3,750,000
      64.08 Acres

      Nelson County Farm - 64 Acres

      Prime Agritourism Opportunity: Route 151 Frontage
      9388 Critzer Shop Rd, Afton, VA 22920
      View Details
    • $479,000
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      Afton Property with Development Potential

      12-acre Afton property with multiple parcels and development opportunities.
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    • Contact for pricing

      Land For Sale Afton, VA

      Land available for purchase in Afton, Virginia.
      9388 Critzers Shop Rd, Afton, VA 22920
      View Details
    • $325,000

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    Afton, VA 22920
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    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
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