You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Golf courses & driving ranges

4101 Shen Lake Dr Harrisonburg, VA 22801

3,046 SF 252 ac lot
Individually Owned 9-yr Hold
Property ID
US87-3053488
4101 Shen Lake Dr, Harrisonburg, VA 22801 For Sale
$12,000,000 3,046 SF
4101 Shen Lake Dr, Harrisonburg, VA 22801
View Listing →
Property summary
AI-generated overview

This exceptional 252-acre property in Harrisonburg, Virginia, presents a unique investment opportunity. Currently operating as a profitable 27+-hole golf course with a driving range and putting green, it boasts a rich history dating back to 1967, with course designs by renowned architects Raymond Loving, Fred Findlay, Lester George, and Ault Clark & Associates. The property includes a main clubhouse and is zoned R-2 and B1, allowing for high-density mixed-use development. Approximately 10-15 acres are ideally suited for a mixed-use village or urban development. Its strategic location within Rockingham County places it near established residential communities such as Lakewood, Preston Lakes, and Sentara Health Community, ensuring strong potential for future growth. The property's proximity to major cities—approximately 100 miles southwest of Washington, D.C., 35 miles northwest of Charlottesville, and within easy reach of Richmond and Roanoke—further enhances its appeal. Nestled in the Shenandoah Valley, this property offers stunning views of the Massanutten, Blue Ridge, and Alleghany mountain ranges, combining natural beauty with significant development potential. The asking price is $12,000,000. This is a rare chance to acquire a well-established golf course with substantial upside in a thriving area. The existing infrastructure, including the clubhouse and course, provides a solid foundation for future development. The property's size and zoning offer flexibility for a variety of development scenarios, making it an attractive investment for both experienced developers and those seeking a unique opportunity in a desirable location.

Property profile
Verified
Property type Golf courses & driving ranges
Total area 3,046 SF
Lot 252 ac (10,977,120 SF)
UPID US87-3053488
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lakeview Golf Club Golf Course
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
Sunnyside Presbyterian Home · 9 yrs held
Sunnyside Presbyterian Home
since 2017
2 recorded transactions
2019
Price N/A
2017
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
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