Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    130 Radnor Ct Harrisonburg, VA 22801
    Back to Search
    Property profile & analytics

    130 Radnor Ct, Harrisonburg, VA 22801

    View on Map
    • Land
    • 0.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 130 Radnor Ct

    Lot size
    0.22 lot acres
    Property type
    Land

    Description

    This exceptional 0.22-acre commercial lot, located at 130 Radnor Ct, Lot #258 in Harrisonburg, Virginia (zip code 22801), presents a unique opportunity for development. Situated within the desirable Crossroads Farm community in Rockingham County, this property offers a blend of convenience and natural beauty. The asking price is $94,000. Enjoy the reduced maintenance of a smaller lot while still benefiting from the community's amenities. The location provides easy access to Harrisonburg City, Sentara RMH Hospital, and James Madison University (JMU), making it an ideal spot for a variety of commercial ventures. Crossroads Farm boasts stunning mountain views, including vistas of Massanutten Peak and the Blue Ridge Mountains. Residents can enjoy leisurely strolls through Peale's Park, utilize golf cart access, and take advantage of the proximity to Lakeview Golf Club. This lot is ready for your vision, offering a chance to create a thriving business in a picturesque setting. The property is conveniently located near major roadways and essential services, ensuring excellent accessibility for both employees and customers. Don't miss this chance to acquire a piece of this sought-after community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonburg
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.8197
    Latitude
    38.3878

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

      1936 Medical Ave

      Land
      1936 Medical Ave, Harrisonburg, VA 22801
      View Details
    • Value Estimation by Request
      1.79 Acres

      1 Quarles Ct

      Land
      1 Quarles Ct, Harrisonburg, VA 22801
      View Details
    • Value Estimation by Request
      0.73 Acres

      Brookhaven Dr

      Land
      0 Brookhaven Dr, Harrisonburg, VA 22801
      View Details
    • Value Estimation by Request
      1.21 Acres

      Huntington Springs Dr

      Land
      0 Huntington Springs Dr, Harrisonburg, VA 22801
      View Details
    • Value Estimation by Request
      5.92 Acres

      1719 High St

      Land
      1719 High St, Harrisonburg, VA 22801
      View Details
    • Value Estimation by Request
      1.00 Acre

      Naomis Way

      Medical Office Space
      0 Naomis Way, Harrisonburg, VA 22801
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Harrisonburg

      Land available for sale in Harrisonburg, Virginia.
      00 Reservoir St, Harrisonburg, VA 22801
      View Details
    • Contact for pricing

      Rockingham County Golf Course Opportunity

      27+ hole golf course with development potential in high-growth area.
      4101 Shen Lake Dr, Harrisonburg, VA 22801
      View Details
    • Contact for pricing

      Development Opportunity Near JMU

      Land for sale with approved 376-unit development plan.
      1071 Port Republic Rd, Harrisonburg, VA 22801
      View Details
    • Contact for pricing

      Corner Lot in Harrisonburg, VA

      0.48 acre corner lot, suitable for office or redevelopment.
      2050 Deyerle Ave, Harrisonburg, VA 22801
      View Details
    • Contact for pricing
      0.84 Acres

      Stone Port Commercial Land

      Prime Harrisonburg location, flexible acreage.
      1942 Port Republic Rd, Harrisonburg, VA 22801
      View Details
    • $1,790,000
      3.95 Acres

      Residential Land Near JMU, Sentara

      Almost 4 acres of R3-zoned land with city utilities.
      2567 Reservoir St, Harrisonburg, VA 22801
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Harrisonburg

      Land available for rent in Harrisonburg, Virginia.
      2028 E Market St, Harrisonburg, VA 22801
      View Details
    • Contact for pricing

      Retail Development Land Near Resort

      Land for retail development near Preston Lake and Massanutten Resort.
      Stone Spring Rd, Harrisonburg, VA 22801
      View Details
    • $1.00 SF/Yr

      Prime Commercial Land in Harrisonburg

      1.435-acre ground-lease opportunity in Harrisonburg's fastest growing commercial area.
      Tbd Stone Spg Rd, Harrisonburg, VA 22801
      View Details
    • Contact for pricing

      Office Space with Secure Lot

      1500 SF office with .6 acre fenced lot.
      767 Pleasant Valley Rd, Harrisonburg, VA 22801
      View Details
    • $35 SF/Yr

      Prime Retail Corridor Land Parcel

      1-acre lot for lease, purchase, or build-to-suit.
      2335 E Market St, Harrisonburg, VA 22801
      View Details
    • Contact for pricing

      High-Visibility Commercial Land For Lease

      0.91 acre commercial land for ground lease or build-to-suit.
      3269 S Main St, Harrisonburg, VA 22801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 Radnor Ct
    Harrisonburg, VA 22801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    130 Radnor Ct, Harrisonburg, VA, 22801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!