Property profile

1140 Hamlet Dr Harrisonburg, VA 22802

OFF-MARKET
Land
Property ID
US87-2847981
60.65 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 60.65-acre property in Rockingham County, Virginia, presents a compelling investment opportunity. Located near Harrisonburg, with convenient access from both Hamlet Drive and Harpine Highway, this land offers significant potential for future development. Currently zoned A2, the Rockingham County comprehensive plan designates this area for future industrial and mixed-use zoning. The property boasts approximately 1,600 feet of frontage along a Chesapeake Western Railway line, providing excellent logistical advantages for industrial uses. The elevated terrain offers stunning views. Existing improvements include multiple buildings suitable for covered and enclosed storage, and two homes, each with a private well and sewer system, offering potential rental income. This versatile property combines immediate utility with substantial long-term growth potential, making it an ideal acquisition for investors seeking a strategic land position in a rapidly developing area. The address is 1140 Hamlet Dr, Harrisonburg, VA 22802. The asking price is $4,550,000. This is a rare opportunity to acquire a large parcel of land with significant development potential in a desirable location.

Property profile

Verified
Property type Land
Lot 60.65 ac (2,641,914 SF)
UPID US87-2847981

Cap rate & NOI

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

Location

1140 Hamlet Dr Harrisonburg, VA 22802
Harrisonburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1140 Hamlet Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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