0 Monroe Rd, Damascus, VA 24236
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.
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.