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    Mendota Rd Mendota, VA 24270
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    Mendota Rd Mendota, VA 24270

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    • Land
    • 130.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mendota Rd

    Lot size
    130.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 130-acre farm presents a unique investment opportunity in Washington County, Virginia. Located on Mendota Rd, with a mailing address of 24270, this expansive property offers significant potential for a variety of agricultural uses. The land is currently listed at $300,000 and is classified as farmland. Its convenient location in Mendota, VA provides easy access to local amenities and transportation routes. The property's size allows for substantial agricultural operations, potentially including livestock grazing, crop cultivation, or a combination of both. Given its acreage, there's ample room for expansion and development, catering to various farming needs. Detailed soil analysis and surveys are recommended to fully assess the land's capabilities and potential yields. The property's geographical coordinates are 36.7305213 latitude and -82.2593422 longitude. This is a rare opportunity to acquire a sizable, productive farm in a desirable location. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is being offered as-is. Prospective buyers are responsible for conducting their own due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mendota
    County
    Washington
    State
    Virginia
    Longitude
    -82.2593
    Latitude
    36.7305

    Comparable in this City

    • Value Estimation by Request
      3,720 SF

      2450 Mendota Rd

      COMMERCIAL (GENERAL) • 3,720 SF
      2450 Mendota Rd, Mendota, VA 24270-2016
      View Details
    • Value Estimation by Request
      1,200 SF

      5010 Mendota Rd

      COMMERCIAL (GENERAL) • 1,200 SF
      5010 Mendota Rd, Mendota, VA 24270
      View Details
    • Value Estimation by Request
      1,700 SF

      2483 Mendota Rd

      COMMERCIAL (GENERAL) • 1,700 SF
      2483 Mendota Rd, Mendota, VA 24270
      View Details
    • Value Estimation by Request
      1,500 SF

      2534 Mendota Rd

      COMMERCIAL (GENERAL) • 1,500 SF
      2534 Mendota Rd, Mendota, VA 24270
      View Details
    • Value Estimation
      $840,000
      5,368 SF

      32094 Government Rd

      COMMERCIAL (GENERAL) • 5,368 SF
      32094 Government Rd, Mendota, VA 24270
      View Details
    • Value Estimation by Request
      2,500 SF

      2421 Mendota Rd

      COMMERCIAL (GENERAL) • 2,500 SF
      2421 Mendota Rd, Mendota, VA 24270-2017
      View Details

    Similar Nearby for Sale

    • $78,900
      13.06 Acres

      Heavily Wooded Mendota Acreage

      13 acres of wooded land near Mendota Trail.
      Mendota Rd, Mendota, VA 24270
      View Details
    • New
      $150,000
      19.00 Acres

      Mendota, VA Land For Sale

      19 acres near Holston River and Mendota Trail.
      Swinging Bridge Rd, Mendota, VA 24270
      View Details
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    Mendota, VA 24270
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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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