Technical
Financial
Distress signals
Property profile

16912 Lee Hwy Buchanan, VA 24066

OFF-MARKET
Land
Property ID
US87-1522040
20.19 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 20.19-acre property in Botetourt County, Virginia, presents a unique investment opportunity. Located at 16912 Lee Hwy, Buchanan, VA 24066 (APN 64-71A), the property boasts a stunning log cabin with breathtaking million-dollar mountain views. The main house features four large bedrooms and three full bathrooms, showcasing beautiful hickory hardwood floors and complete furnishings. The eat-in kitchen includes hickory cabinets, Corian countertops, a pantry, and an island. A great room with cathedral ceilings and a gorgeous rock fireplace opens onto a large deck equipped with a hot tub and grill. The primary suite offers deck access, a private bath with a double-sink vanity, a whirlpool tub, and a walk-in closet. The lower level includes a large family room, a "Rusty Roof Saloon" man cave with a custom bar, kegerator, microwave, refrigerator, and pool table, as well as a workout area and laundry room. Over six acres of pasture, currently used for corn, and a creek running through the property provide additional recreational opportunities. The property has operated as a successful VRBO for nine years, generating an annual income of $80,000. Its secluded yet accessible location, combined with ample space for expansion, makes it ideal for a variety of uses, including a potential wedding venue. The asking price is $899,950.

Property profile

Verified
Property type Land
Lot 20.19 ac (879,476 SF)
UPID US87-1522040

Cap rate & NOI

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

Location

16912 Lee Hwy Buchanan, VA 24066
Buchanan 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 16912 Lee Hwy?
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