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    Read Mountain Rd Cloverdale, VA 24077

    • Mixed-use properties
    • 3.55 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 0 Read Mountain Rd

    Lot size
    3.55 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional 3.55-acre parcel, located at the intersection of Read Mountain Road and Norfolk & Western Avenue in Cloverdale, Virginia (zip code 24077), presents a unique investment opportunity. Currently zoned R-1, the property offers significant potential for redevelopment. Botetourt County has expressed willingness to consider rezoning applications to either B2 or B3 classifications, opening doors to a wider range of commercial and mixed-use development possibilities. The land itself is relatively flat and well-situated, although some tree removal may be necessary to prepare the site for construction. The property's APN is 107-123. This prime location offers excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. The asking price for this exceptional development opportunity is $355,000. Don't miss this chance to acquire a strategically located parcel with substantial upside potential in a growing area. 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
    Cloverdale
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.9058
    Latitude
    37.3653

    Comparable in this City

    • Value Estimation by Request
      3.50 Acres

      Rogers Ln

      VACANT COMMERCIAL LAND • 3.50 Acres
      Rogers Ln, Cloverdale, VA 24077
      View Details
    • Value Estimation by Request
      13,056 SF

      39 Gibson Ln

      COMMERCIAL (GENERAL) • 13,056 SF
      39 Gibson Ln, Cloverdale, VA 24077-3149
      View Details
    • Value Estimation by Request
      3.72 Acres

      137 Simmons Dr

      COMMERCIAL (GENERAL) • 3.72 Acres
      137 Simmons Dr, Cloverdale, VA 24077-3130
      View Details
    • Value Estimation by Request
      3.04 Acres

      55 Simmons Dr

      VACANT COMMERCIAL LAND • 3.04 Acres
      55 Simmons Dr, Cloverdale, VA 24077-3131
      View Details
    • Value Estimation
      $595,000

      165 Norfolk And Western Ave

      COMMERCIAL (GENERAL)
      165 Norfolk And Western Ave, Cloverdale, VA 24077-2520
      View Details
    • Value Estimation by Request
      6.42 Acres

      263 Simmons Dr

      COMMERCIAL (GENERAL) • 6.42 Acres
      263 Simmons Dr, Cloverdale, VA 24077-3109
      View Details

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      Cloverdale Commercial Land - $550,000

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    Read Mountain Rd
    Cloverdale, VA 24077
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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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