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    192 Opus Ln Amherst, VA 24521
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    192 Opus Ln Amherst, VA 24521

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    • Recreation land
    For Sale
    $800,000
    View Listing →
    Recreational Land with Multiple Dwellings For Sale
    $800,000
    93.00 Acres

    Recreational Land with Multiple Dwellings

    93-acre recreational property with dwellings needing TLC.

    192 Opus Ln, Amherst, VA 24521
    View Listing
    Property ID
    US87-2572757
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Recreation land

    Property Details for 192 Opus Ln

    Property type
    Recreation land

    Description

    Looking for a recreational property for your family and friends to enjoy? Looking for an opportunity investment? This one could be really sweet. Three dwellings and a number of out buildings on 93 +or - acres. The structures need some TLC and someone with a "can do" attitude and vision of what could be, but the upside on this property is great. Builders, this property could be just the ticket for that next renovation project. How about a fantastic family compound for multi-generational living? This paradise in the woods is perfect for the hunter, who wants to enjoy, fishing, 4 wheelers, hiking, wildlife and peace and quiet. Seeking a getaway in the mountains? The stars are brighter out here. Enjoy your own private retreat and rent out a couple of the other homes for income. So many interesting possibilities. Owning this gem will soothe your soul.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1877
    Latitude
    37.6091835

    Comparable in this City

    • $829,900

      92+ Acres on Buffalo River

      92+ acres with Buffalo River frontage adjoining National Forest.
      93.32 Acres North Fork Rd, Amherst, VA 24521
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    • $1,399,900
      173.32 Acres

      Amherst County Land with River Frontage

      173 acres in Amherst County with Buffalo River frontage.
      North Fork Rd, Amherst, VA 24521
      View Details
    • $72,000
      784,080 SF

      Amherst Wooded Retreat with Creek

      18-acre wooded property with creek near Amherst traffic circle.
      303 Harrison Creek Rd, Amherst, VA 24521
      View Details
    • $750,000
      73.35 Acres

      Amherst County Agricultural Aviation Retreat

      73-acre property with private airstrip, river frontage, and hangar.
      273 Airsports Dr, Amherst, VA 24521
      View Details
    • $279,900
      37.90 Acres

      Amherst County Land by River

      37.9 acres of wooded land along Buffalo River.
      37.9 acres North Fork Rd, Amherst, VA 24521
      View Details
    • $800,000

      Amherst Lakeside Recreational Property

      93-acre recreational property with multiple dwellings and outbuildings near a lake.
      192 Opus Ln, Amherst, VA 24521
      View Details

    Similar Nearby for Sale

    • $829,900

      92+ Acres on Buffalo River

      92+ acres with Buffalo River frontage adjoining National Forest.
      93.32 Acres North Fork Rd, Amherst, VA 24521
      View Details
    • $1,399,900
      173.32 Acres

      Amherst County Land with River Frontage

      173 acres in Amherst County with Buffalo River frontage.
      North Fork Rd, Amherst, VA 24521
      View Details
    • $750,000
      73.35 Acres

      Amherst County Agricultural Aviation Retreat

      73-acre property with private airstrip, river frontage, and hangar.
      273 Airsports Dr, Amherst, VA 24521
      View Details
    • $72,000
      784,080 SF

      Amherst Wooded Retreat with Creek

      18-acre wooded property with creek near Amherst traffic circle.
      303 Harrison Creek Rd, Amherst, VA 24521
      View Details
    • $279,900
      37.90 Acres

      Amherst County Land by River

      37.9 acres of wooded land along Buffalo River.
      37.9 acres North Fork Rd, Amherst, VA 24521
      View Details
    • $800,000

      Amherst Lakeside Recreational Property

      93-acre recreational property with multiple dwellings and outbuildings near a lake.
      192 Opus Ln, Amherst, VA 24521
      View Details
    View Listing
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    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
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