0 Cedar Springs Rd Sugar Grove, VA 24375
This exceptional 157.5-acre property in Smyth County, Virginia, presents a unique investment opportunity. Located near Sugar Grove (zip code 24375) with convenient access to I-81 (15 minutes away), this farm boasts stunning mountain views and excellent road frontage on multiple roads. Currently utilized for corn and pumpkin cultivation, its agricultural zoning permits diverse uses, including Christmas tree farming, horse boarding, or campground development. The land's potential extends beyond agriculture; its location and accessibility make it a strong candidate for various development projects. The property includes APNs 71-3-2, 71-3-3, 71-2-4, and 71-2-3. Recreational opportunities abound, with potential for hunting (whitetail deer, turkey, bear), ATV riding, hiking, and camping. The property also features hardwood timber, adding further investment potential. Owner financing may be considered. This picturesque valley farm offers unrivaled beauty and income-generating potential, making it an exceptional investment. The property is listed at $1,150,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.