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Property profile & analytics
OFF-MARKET
Land

0 Fry Rd Galax, VA 24333

5.04 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5.04-acre commercial lot in Galax, Virginia, boasts prime New River frontage and a cleared homesite. Located within the New River Haven Community, it offers access to a shared common area featuring a gazebo, grill, and boat launch. The property is subject to covenants and restrictions, ensuring community integrity, and benefits from a road maintenance agreement covering the common area and private road. Its secluded setting provides ample opportunities for recreation, including fishing, kayaking, camping, hiking, and biking. Situated less than 20 minutes from Galax and 15 minutes from Independence, VA, this property offers a blend of tranquility and convenient access to nearby amenities and attractions. The lot encompasses 219,542 square feet and presents a unique investment opportunity. The Grayson County location (APN 55-6-5) and its proximity to charming towns make this a highly desirable property. The asking price is $145,000.

Property profile
Verified
Property type Land
Lot 5.04 ac (219,542 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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