Property profile

0 Monroe Rd Damascus, VA 24236

OFF-MARKET
Land
0.39 ac lot
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Property summary

AI-generated overview

This 0.39-acre commercial lot in Damascus, Virginia, presents a unique opportunity. Located on Monroe Rd (Route 91) in the Green Acres Subdivision, this level building lot offers convenient access to local amenities. Situated just 1.5 miles from Damascus' town limits and a half-mile from the South Fork of the Holston River, the property enjoys a peaceful yet accessible location. Recently cleared, the lot retains select trees for privacy and shade, and features added gravel for easy access. A new plat is available for review. The property benefits from public water and cable services. Its proximity to Holston High School, Rhea Valley Elementary School, and Damascus Middle School makes it an attractive location. Adjacent farmland and existing fencing enhance the property's appeal. Priced at $27,900, this lot is ideal for those seeking a blend of rural tranquility and convenient access to schools and town amenities.

Property profile

Verified
Property type Land
Lot 0.39 ac (16,988 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Monroe Rd Damascus, VA 24236
Damascus metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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