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    Cary St Grottoes, VA 24441

    • Land
    • 2.89 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cary St

    Lot size
    2.89 lot acres
    Property type
    Land

    Description

    This exceptional 2.89-acre commercial land parcel in Grottoes, Virginia, presents a unique investment opportunity. Located on Cary Street, in Rockingham County, zip code 24441 (latitude 38.261731, longitude -78.816659), this property offers the potential for the development of five individual building lots. The asking price is $250,000. The site boasts stunning mountain views, making it an attractive location for residential construction. All five lots will be sold together as a single package, ideal for contractors seeking a multi-unit project. This presents a timely opportunity given the current low housing inventory in the area. Public water and sewer services are anticipated upon final county approval. This property is zoned for commercial use and is ready for immediate development. Don't miss this chance to capitalize on the growing demand for housing in this desirable Virginia location. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grottoes
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.8167
    Latitude
    38.2617

    Comparable in this City

    • Value Estimation by Request
      2.89 Acres

      Tbd Cary St

      Land • 2.89 Acres
      0 Tbd Cary St, Grottoes, VA 24441
      View Details
    • Value Estimation by Request
      5.00 Acres

      Richland Ln

      Land • 5.00 Acres
      0 Richland Ln, Harriston, VA 24441
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    • Value Estimation by Request
      0.07 Acres

      503 Birch Ave

      VACANT COMMERCIAL LAND • 0.07 Acres
      503 Birch Ave, Grottoes, VA 24441-2641
      View Details
    • Value Estimation by Request
      0.08 Acres

      Grottoes, VA 24441

      VACANT COMMERCIAL LAND • 0.08 Acres
      Grottoes, VA 24441
      View Details
    • Value Estimation by Request
      0.08 Acres

      Grottoes, VA 24441

      VACANT COMMERCIAL LAND • 0.08 Acres
      Grottoes, VA 24441
      View Details
    • Value Estimation by Request
      0.07 Acres

      Grottoes, VA 24441

      VACANT COMMERCIAL LAND • 0.07 Acres
      Grottoes, VA 24441
      View Details

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    Cary St
    Grottoes, VA 24441
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    Realmo Value Estimation

    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.

    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.

    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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